What is Appreciate Holdings Financial Strength?
Appreciate Holdings has the Financial Strength Rank of 7.
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.
2. Debt to revenue ratio. The lower, the better.
3.
Altman Z-Score.
Appreciate Holdings has no long-term debt (1).
As of today, Appreciate Holdings's Altman Z-Score is 0.00.
(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
Competitive Comparison of Appreciate Holdings's Financial Strength
For the Real Estate Services subindustry, Appreciate Holdings'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.
Appreciate Holdings's Financial Strength Distribution in the Real Estate Industry
For the Real Estate industry and Real Estate sector, Appreciate Holdings's Financial Strength distribution charts can be found below:
* The bar in red indicates where Appreciate Holdings's Financial Strength falls into.
Appreciate Holdings Financial Strength Calculation
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:
Appreciate Holdings's Interest Expense for the
months ended in Sep. 2022 was $0.00 Mil. Its Operating Income for the
months ended in Sep. 2022 was $-1.05 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2022 was $0.00 Mil.
Appreciate Holdings's Interest Coverage for the quarter that ended in Sep. 2022 is
| Appreciate Holdings had no long-term debt (1). |
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
Appreciate Holdings's Debt to Revenue Ratio for the quarter that ended in Sep. 2022 is
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.
Appreciate Holdings has a Z-score of 0.00, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
* 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.
Appreciate Holdings (Appreciate Holdings) Business Description
Traded in Other Exchanges
N/A
Address
6101 Baker Rd, Suite 200, Minnetonka, MN, USA, MN 55345
Appreciate Holdings Inc through its operating company Renters Warehouse offers an end-to-end Single Family Rental marketplace and management platform. The company offers a full-service platform for investing in and owning SFR properties, including a proprietary online marketplace and full-service brokerage teams.
Executives
| Laurie A. Hawkes |
director |
7047 EAST GREENWAY PARKWAY, SUITE 350, SCOTTSDALE AZ 85254 |
| Lake Street Landlords, Llc |
10 percent owner |
315 LAKE STREET E., SUITE 301, WAYZATA MN 55391 |
| Nolan Jacobson |
officer: Chief Financial Officer |
19880 ANDOVER PLACE, EXCELSIOR MN 55331 |
| Todd Jable |
officer: Chief Technology Officer & COO |
996 NORTH ARM DRIVE, ORONO MN 55364 |
| Christopher Laurence |
director, officer: Chief Executive Officer |
1233 SNOW BERRY STREET, PARK CITY UT 84098 |
| Kevin Ortner |
officer: President |
7008 SANDY HOOK CIRCLE, CHANHASSEN MN 55317 |
| Marcy Haymaker |
director |
C/O PERCEPTION CAPITAL CORP. II, 315 LAKE STREET EAST, SUITE 301, WAYZATA MN 55391 |
| Scott Honour |
director |
10877 WILSHIRE BOULEVARD, 18TH FLOOR, LOS ANGELES CA 90024 |
| William John Bush |
director |
539 BRYANT STREET, SUITE 403, SAN FRANCISCO CA 94107 |
| Douglas Bergeron |
director |
111 W. OCEAN BOULEVARD, LONG BEACH CA 90802 |
| Polar Asset Management Partners Inc. |
10 percent owner |
16 YORK STREET SUITE 2900, TORONTO A6 M5J 0E6 |
| Robinson Courtney A |
director |
3485 N. PINES WAY SUITE 110, WILSON WY 83014 |
| Thomas D Hennessy |
director, 10 percent owner, officer: Co-CEO and President |
3485 N. PINES WAY SUITE 110, WILSON WY 83014 |
| Hc Proptech Partners Ii Llc |
10 percent owner |
3485 N. PINES WAY, SUITE 110, WILSON WY 83014 |
| Gloria Fu |
director |
3485 N. PINES WAY, SUITE 110, WILSON WY 83014 |
Appreciate Holdings (Appreciate Holdings) Headlines
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