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Ultralife has the Financial Strength Rank of 8. It shows strong financial strength and is unlikely to fall into distressed situations.
Good Sign:
Ultralife Corp 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.Ultralife's Interest Coverage for the quarter that ended in Mar. 2024 was 7.81. Ultralife's debt to revenue ratio for the quarter that ended in Mar. 2024 was 0.15. As of today, Ultralife's Altman Z-Score is 3.53.
For the Electrical Equipment & Parts subindustry, Ultralife'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 Industrial Products industry and Industrials sector, Ultralife's Financial Strength distribution charts can be found below:
* The bar in red indicates where Ultralife'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:
Ultralife's Interest Expense for the months ended in Mar. 2024 was $-0.5 Mil. Its Operating Income for the months ended in Mar. 2024 was $4.1 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $23.1 Mil.
Ultralife's Interest Coverage for the quarter that ended in Mar. 2024 is
Interest Coverage | = | -1 | * | Operating Income (Q: Mar. 2024 ) | / | Interest Expense (Q: Mar. 2024 ) |
= | -1 | * | 4.063 | / | -0.52 | |
= | 7.81 |
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
Ultralife'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 | |
= | (2 | + | 23.14) | / | 167.708 | |
= | 0.15 |
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.
Ultralife has a Z-score of 3.53, indicating it is in Safe Zones. This implies the Z-Score is strong.
Good Sign:
Altman Z-score of 3.53 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.
Ultralife (NAS:ULBI) 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.
Ultralife 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 Ultralife's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.
Bradford T Whitmore | 10 percent owner | 5215 OLD ORCHARD ROAD, SUITE 620, SKOKIE IL 60077 |
Michael Edward Manna | director, officer: President and CEO | 2000 TECHNOLOGY PARKWAY, NEWARK NY 14513 |
W. Shaw Robert | director | 2000 TECHNOLOGY PARKWAY, NEWARK NY 14513 |
Janie Goddard | director | C/O ACON - 1133 CONNECTICUT AVENUE, NW, SUITE 700, WASHINGTON DC 20036 |
Thomas Louis Saeli | director | 2000 TECHNOLOGY PARKWAY, NEWARK NY 14513 |
Philip A Fain | officer: Vice President | C/O CXO ON THE GO OF DELAWARE, LLC, 3349 MONROE AVENUE, # 256, ROCHESTER NY 14618 |
Michael D Popielec | director, officer: President and CEO | 2000 TECHNOLOGY PARKWAY, NEWARK NY 14513 |
Steven Mark Anderson | director | 2000 TECHNOLOGY PARKWAY, NEWARK NY 14513 |
Sunray I, Llc | 10 percent owner | 1560 SHERMAN AVENUE, SUITE 900, EVANSTON IL 60201 |
James A. Croce | director | 2000 TECHNOLOGY PARKWAY, NEWARK NY 14513 |
Spurgeon Corp | 10 percent owner | 407 S. THIRD STREET, SUITE 230, GENEVA IL 60134 |
Patricia C Barron | director | 6601 WEST BROAD STREET, P O BOX 27003, RICHMOND VA 23261-7003 |
Daniel W Christman | director | C/O ENTEGRIS, INC., 129 CONCORD ROAD, BILLERICA MA 01821 |
Paula H Cholmondeley | director | 221 W PHILADELPHIA ST, SUITE 60W, YORK PA 17401-2991 |
Ranjit C Singh | director |
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