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SCI Engineered Materials has the Financial Strength Rank of 8. It shows strong financial strength and is unlikely to fall into distressed situations.
Good Sign:
SCI Engineered Materials Inc shows strong financial strength.
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:
1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.GuruFocus does not calculate SCI Engineered Materials's interest coverage with the available data. SCI Engineered Materials's debt to revenue ratio for the quarter that ended in Mar. 2024 was 0.02. As of today, SCI Engineered Materials's Altman Z-Score is 6.74.
For the Semiconductor Equipment & Materials subindustry, SCI Engineered Materials's Financial Strength, along with its competitors' market caps and Financial Strength data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Semiconductors industry and Technology sector, SCI Engineered Materials's Financial Strength distribution charts can be found below:
* The bar in red indicates where SCI Engineered Materials's Financial Strength falls into.
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors
A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.
1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
SCI Engineered Materials's Interest Expense for the months ended in Mar. 2024 was $0.00 Mil. Its Operating Income for the months ended in Mar. 2024 was $0.62 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.47 Mil.
SCI Engineered Materials's Interest Coverage for the quarter that ended in Mar. 2024 is
GuruFocus does not calculate SCI Engineered Materials's interest coverage with the available data. |
The higher the ratio, the stronger the company's financial strength is.
Good Sign:
Ben Graham prefers companies' interest coverage to be at least 5. SCI Engineered Materials Inc has enough cash to cover all of its debt. Its financial situation is stable.
2. Debt to revenue ratio. The lower, the better.
SCI Engineered Materials's Debt to Revenue Ratio for the quarter that ended in Mar. 2024 is
Debt to Revenue Ratio | = | Total Debt (Q: Mar. 2024 ) | / | Revenue | ||
= | (Short-Term Debt & Capital Lease Obligation | + | Long-Term Debt & Capital Lease Obligation) | / | Revenue | |
= | (0.133 | + | 0.471) | / | 33.612 | |
= | 0.02 |
3. Altman Z-Score.
Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.
The zones of discrimination were as such:
When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.
SCI Engineered Materials has a Z-score of 6.74, indicating it is in Safe Zones. This implies the Z-Score is strong.
Good Sign:
Altman Z-score of 6.74 is strong.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
SCI Engineered Materials (OTCPK:SCIA) Financial Strength Explanation
The maximum rank is 10. Companies with rank 7 or higher will be unlikely to fall into distressed situations. Companies with rank of 3 or less are likely in financial distress.
SCI Engineered Materials has the Financial Strength Rank of 8. It shows strong financial strength and is unlikely to fall into distressed situations.
Thank you for viewing the detailed overview of SCI Engineered Materials's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.
Laura F Shunk | 10 percent owner | 8300 MULBERRY ROAD, P.O. BOX 490, CHESTERLAND OH 44026 |
Edward W Ungar | director | 1145 CHESAPEAKE AVE, COLUMBUS OH 43212 |
Jeremiah Ray Young | officer: PRESIDENT | 893 THAYER DRIVE, GAHANNA OH 43230 |
Emily Lu | director | 3720 CANTERBURY CT, BOCA RATON FL 33434 |
John P Gilliam | director | 862 MOON GLOW CT, GAHANNA OH 43230 |
Wickersham Charles Edward Jr | director | 517 ARDEN RD, COLUMBUS OH 43214 |
Daniel Rooney | director, officer: President and CEO | 1145 CHESAPEAKE AVE, COLUMBUS OH 43212 |
Investments Sa Windcom | 10 percent owner | |
Daniel A Funk | 10 percent owner | PORTER, WRIGHT, MORRIS & ARTHUR, 41 SOUTH HIGH STREET, COLUMBUS OH 43215 |
Michael K Barna | officer: VP Sales - Photonics | 1145 CHESAPEAKE AVE., COLUMBUS OH 43212 |
Robert H Peitz | director | 217 LLOYD ROAD, ABERDEEN NJ 07747 |
Walter J Doyle | director | 1970 JEWETT ROAD, POWELL OH 43065 |
Baker Robert J Jr | director | 1145 CHESAPEAKE AVE, COLUMBUS OH 43212 |
Curtis A Loveland | 10 percent owner, officer: Secretary | PORTER WRIGHT MORRIS & ARTHUR, 41 SOUTH HIGH STREET, COLUMBUS OH 43215 |
Scott S Campbell | officer: Technical Director | 1145 CHESAPEAKE AVENUE, COLUMBUS OH 43212 |
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