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Archer Aviation 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.GuruFocus does not calculate Archer Aviation's interest coverage with the available data. As of today, Archer Aviation's Altman Z-Score is 0.00.
For the Aerospace & Defense subindustry, Archer Aviation'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 Aerospace & Defense industry and Industrials sector, Archer Aviation's Financial Strength distribution charts can be found below:
* The bar in red indicates where Archer Aviation'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:
Archer Aviation's Interest Expense for the months ended in Dec. 2023 was $0.00 Mil. Its Operating Income for the months ended in Dec. 2023 was $-107.30 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $20.40 Mil.
Archer Aviation's Interest Coverage for the quarter that ended in Dec. 2023 is
GuruFocus does not calculate Archer Aviation'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. Archer Aviation Inc has enough cash to cover all of its debt. Its financial situation is stable.
2. Debt to revenue ratio. The lower, the better.
Archer Aviation'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 | |
= | (2.8 | + | 20.4) | / | 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.
Archer Aviation 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.
Archer Aviation (NYSE:ACHR) 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.
Archer Aviation has the Financial Strength Rank of 7.
Thank you for viewing the detailed overview of Archer Aviation's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.
Tosha Perkins | officer: Chief People Officer | 757 N. ELDRIDGE PARKWAY, HOUSTON TX 77079 |
Andy Missan | officer: Chief Legal Officer | C/O FITBIT, INC., 405 HOWARD STREET, SAN FRANCISCO CA 94105 |
N.v. Stellantis | 10 percent owner | TAURUSAVENUE 1, HOOFDDORP P7 2132LS |
Thomas Paul Muniz | officer: Chief Operating Officer | C/O ARCHE AVIATION INC., 1880 EMBARCADERO ROAD, PALO ALTO CA 94303 |
Fca Foreign Sales Holdco Ltd. | 10 percent owner | PINLEY HOUSE, 2 SUNBEAM WAY, CONVENTRY, WEST MIDLANDS X0 CV3 1ND |
Sfs Uk 1 Ltd. | 10 percent owner | PINLEY HOUSE, 2 SUNBEAM WAY, COVENTRY, WEST MIDLANDS X0 CV3 1ND |
Fca Italy S.p.a. | 10 percent owner | CORSO GIOVANNI AGNELLI 200, TURIN L6 10135 |
Fca Us Llc | 10 percent owner | 1000 CHRYSLER DRIVE, AUBURN HILLS MI 48326 |
Fca North America Holdings Llc | 10 percent owner | 1000 CHRYSLER DRIVE, AUBURN HILLS MI 48326 |
Brett Adcock | 10 percent owner | C/O ARCHER AVIATION INC., 1880 EMBARCADERO ROAD, PALO ALTO CA 94303 |
Deborah Diaz | director | 6830 OLD DOMINION DRIVE, MCLEAN VA 22101 |
Mark Mesler | officer: Chief Financial Officer | C/O ARCHER AVIATION INC., 1880 EMBARCADERO ROAD, PALO ALTO CA 94303 |
Michael Spellacy | director | 399 PARK AVENUE, NEW YORK NY 10022 |
Fred M Diaz | director | 9614 AMALFI CT, BRENTWOOD TN 37027 |
Adam D Goldstein | director, officer: Co-Chief Executive Officer | C/O ARCHER AVIATION INC., 190 TASMAN DRIVE, SAN JOSE CA 95134 |
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