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Where Food Comes From (Where Food Comes From) Financial Strength : 8 (As of Mar. 2024)


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What is Where Food Comes From Financial Strength?

Where Food Comes From has the Financial Strength Rank of 8. It shows strong financial strength and is unlikely to fall into distressed situations.

Good Sign:

Where Food Comes From 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.
2. Debt to revenue ratio. The lower, the better.
3. Altman Z-Score.

Where Food Comes From's Interest Coverage for the quarter that ended in Mar. 2024 was 261.00. Where Food Comes From's debt to revenue ratio for the quarter that ended in Mar. 2024 was 0.13. As of today, Where Food Comes From's Altman Z-Score is 9.84.


Competitive Comparison of Where Food Comes From's Financial Strength

For the Software - Application subindustry, Where Food Comes From'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.


Where Food Comes From's Financial Strength Distribution in the Software Industry

For the Software industry and Technology sector, Where Food Comes From's Financial Strength distribution charts can be found below:

* The bar in red indicates where Where Food Comes From's Financial Strength falls into.



Where Food Comes From 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:

Where Food Comes From'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 $0.26 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $2.46 Mil.

Where Food Comes From'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*0.261/-0.001
=261.00

The higher the ratio, the stronger the company's financial strength is.

2. Debt to revenue ratio. The lower, the better.

Where Food Comes From'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
=(0.335 + 2.459) / 22.328
=0.13

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.

Where Food Comes From has a Z-score of 9.84, indicating it is in Safe Zones. This implies the Z-Score is strong.

Good Sign:

Altman Z-score of 9.84 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.


Where Food Comes From  (NAS:WFCF) 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.

Where Food Comes From has the Financial Strength Rank of 8. It shows strong financial strength and is unlikely to fall into distressed situations.


Where Food Comes From Financial Strength Related Terms

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Where Food Comes From (Where Food Comes From) Business Description

Traded in Other Exchanges
N/A
Address
202 6th Street, Suite 400, Castle Rock, CO, USA, 80104
Where Food Comes From Inc is a third-party food verification company. It offers food production audits and uses verification processes to ensure that claims made by food producers and processors are accurate. The company supports farmers, ranchers, vineyards, wineries, processors, retailers, distributors, trade associations and restaurants with a wide variety of value-added services provided through its family of verifiers, including IMI Global, International Certification Services, Validus Verification Services, and others. The company operates in two segments that are verification and certification and Software Sales and Related Consulting.
Executives
Dannette Henning officer: CFO 221 WILCOX STREET, SUITE A, CASTLE ROCK CO 80104
Pete Lapaseotes director 221 WILCOX ST., SUITE A, CASTLE ROCK CO 80104
Graeme P. Rein director 221 WILCOX ST, SUITE A, CASTLE ROCK CO 80104
Michael Duane Smith director, 10 percent owner 221 WILCOX ST, SUITE A, CASTLE ROCK CO 80104
John K Saunders director, officer: CEO 221 WILCOX STREET #A, CASTLE ROCK CO 80104
Leann Saunders director, officer: President 221 WILCOX ST., SUITE A, CASTLE ROCK CO 80104
Tom Heinen director 221 WILCOX ST., SUITE A, CASTLE ROCK CO 80104
Gary Chester Smith director 221 WILCOX ST., SUITE A, CASTLE ROCK CO 80104
Adam Larson director 221 WILCOX ST., SUITE A, CASTLE ROCK CO 80104
Robert Vanschoick director 221 WILCOX ST., SUITE A, CASTLE ROCK CO 80104

Where Food Comes From (Where Food Comes From) Headlines