What is Contango Ore Financial Strength?
Contango Ore has the Financial Strength Rank of 4.
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.
Contango Ore did not have earnings to cover the interest expense.
As of today, Contango Ore's Altman Z-Score is 0.00.
Competitive Comparison of Contango Ore's Financial Strength
For the Gold subindustry, Contango Ore'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.
Contango Ore's Financial Strength Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Contango Ore's Financial Strength distribution charts can be found below:
* The bar in red indicates where Contango Ore's Financial Strength falls into.
Contango Ore 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:
Contango Ore's Interest Expense for the
months ended in Dec. 2023 was $-1.51 Mil. Its Operating Income for the
months ended in Dec. 2023 was $-4.09 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $36.78 Mil.
Contango Ore's Interest Coverage for the quarter that ended in Dec. 2023 is
| Contango Ore 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.
Contango Ore's Debt to Revenue Ratio for the quarter that ended in Dec. 2023 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.
Contango Ore 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.
Contango Ore (Contango Ore) Business Description
Traded in Other Exchanges
Address
3700 Buffalo Speedway, Suite 925, Houston, TX, USA, 77098
Contango Ore Inc operates in the United States. The company is engaged in the exploration of gold, silver, and copper ores in the State of Alaska. The company's primary focus is the exploration of a mineral lease with the Native Village of Tetlin whose governmental entity is the Tetlin Tribal Council for the exploration of minerals near Tok, Alaska. It has formed a joint venture to advance exploration of the Tetlin Property, which is prospective for gold and associated minerals. The Tetlin Property is located in the Tetlin Hills and Mentasta Mountains of eastern interior Alaska.
Executives
| Nieuwenhuyse Rick Van |
director, officer: President and CEO |
C/O TRILOGY METALS, 1950 - 777 DUNSMUIR STREET, VANCOUVER A1 V7Y 1K4 |
| John B Juneau |
director, officer: President and CEO |
3700 BUFFALO SPEEDWAY, SUITE 960, HOUSTON TX 77098 |
| Joseph S Compofelice |
director |
24 WATERWAY AVENUE, STE 200, THE WOODLANDS TX 77380 |
| Richard Shortz |
director |
3700 BUFFALO SPEEDWAY, SUITE 925, HOUSTON TX 77098 |
| Michael Aaron Clark |
officer: Executive VP-Finance |
6202 OVERSTONE DR, WEST VANCOUVER Z4 V7W1X5 |
| Leah S Gaines |
officer: Chief Financial Officer |
3700 BUFFALO SPEEDWAY, SUITE 1010, HOUSTON TX 77098 |
| Curtis J. Freeman |
director |
3700 BUFFALO SPEEDWAY, STE. 925, HOUSTON TX 77098 |
| Royal Gold Inc |
10 percent owner |
1144 15TH STREET, SUITE 2500, DENVER CO 80202 |
| Scott J. Reiman |
10 percent owner, other: Member of 10% owner group |
730 17TH STREET SUITE 800, DENVER CO 80202 |
| Kenneth R. Peak Marital Trust |
10 percent owner |
2 LONGFELLOW LANE, HOUSTON TX 77005 |
| Estate Of Kenneth R. Peak |
10 percent owner |
C/O CONTANGO OIL & GAS COMPANY, 3700 BUFFALO SPEEDWAY, SUITE 960, HOUSTON TX 77098 |
| Joseph G. Greenberg |
director |
3700 BUFFALO SPEEDWAY, STE 960, HOUSTON TX 77098 |
| Donald Gillen |
10 percent owner |
21 CAPILANO DRIVE, SASKATOON A9 S7K 4A4 |
| Hexagon, Llc |
10 percent owner, other: Member of 10% owner group |
730 SEVENTEENTH STREET, SUITE 800, DENVER CO 80202 |
| Sergio Castro |
officer: Vice President, CFO, Treasurer |
2019 MOUNTAIN CREEK, PEARLAND TX 77584 |
Contango Ore (Contango Ore) Headlines
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