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Aether Catalyst Solutions (XCNQ:ATHR) Financial Strength : 0 (As of Dec. 2023)


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What is Aether Catalyst Solutions Financial Strength?

Aether Catalyst Solutions has the Financial Strength Rank of 0.

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.

Aether Catalyst Solutions did not have earnings to cover the interest expense. As of today, Aether Catalyst Solutions's Altman Z-Score is 0.00.


Competitive Comparison of Aether Catalyst Solutions's Financial Strength

For the Auto Parts subindustry, Aether Catalyst Solutions'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.


Aether Catalyst Solutions's Financial Strength Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Aether Catalyst Solutions's Financial Strength distribution charts can be found below:

* The bar in red indicates where Aether Catalyst Solutions's Financial Strength falls into.



Aether Catalyst Solutions 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:

Aether Catalyst Solutions's Interest Expense for the months ended in Dec. 2023 was C$-0.00 Mil. Its Operating Income for the months ended in Dec. 2023 was C$-0.13 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.06 Mil.

Aether Catalyst Solutions's Interest Coverage for the quarter that ended in Dec. 2023 is

Aether Catalyst Solutions did not have earnings to cover the interest expense.

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

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

Aether Catalyst Solutions's Debt to Revenue Ratio for the quarter that ended in Dec. 2023 is

Debt to Revenue Ratio=Total Debt (Q: Dec. 2023 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(0.108 + 0.06) / 0
=N/A

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.

Aether Catalyst Solutions 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.


Aether Catalyst Solutions  (XCNQ:ATHR) 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.

Aether Catalyst Solutions has the Financial Strength Rank of 0.


Aether Catalyst Solutions Financial Strength Related Terms

Thank you for viewing the detailed overview of Aether Catalyst Solutions's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.


Aether Catalyst Solutions (XCNQ:ATHR) Business Description

Traded in Other Exchanges
Address
8337 Eastlake Drive, Unit 104, Burnaby, BC, CAN, V5A 4W2
Aether Catalyst Solutions Inc is focused on providing an order of magnitude cost reduction in catalytic converter catalysts, while meeting, or exceeding government emission standards. It is working to quickly advance its technology through rapid screening of new materials directed at enhancing end of life conversion levels after accelerated aging. The company's primary focus has been on automotive applications where it is looking to replace precious metals in automotive catalysts for gasoline powered engines. The company's target markets are the heavily regulated automotive industry and the unregulated small motors industry.
Executives
Paul John Courtney Woodward 10% Security Holder, Director, Director or Senior Officer of 10% Security Holder, Senior Officer

Aether Catalyst Solutions (XCNQ:ATHR) Headlines

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