What is Civeo Financial Strength?
Civeo has the Financial Strength Rank of 5.
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.
Civeo did not have earnings to cover the interest expense.
Civeo's debt to revenue ratio for the quarter that ended in Dec. 2023 was 0.11.
As of today, Civeo's Altman Z-Score is 0.36.
Competitive Comparison of Civeo's Financial Strength
For the Specialty Business Services subindustry, Civeo'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.
Civeo's Financial Strength Distribution in the Business Services Industry
For the Business Services industry and Industrials sector, Civeo's Financial Strength distribution charts can be found below:
* The bar in red indicates where Civeo's Financial Strength falls into.
Civeo 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:
Civeo's Interest Expense for the
months ended in Dec. 2023 was $-2.6 Mil. Its Operating Income for the
months ended in Dec. 2023 was $-0.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $74.8 Mil.
Civeo's Interest Coverage for the quarter that ended in Dec. 2023 is
| Civeo 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.
Civeo'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.
Civeo has a Z-score of 0.36, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
Warning Sign:
Altman Z-score of 0.36 is in distress zone. This implies bankruptcy 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.
Civeo (CVEO) Business Description
Traded in Other Exchanges
Address
333 Clay Street, Three Allen Center, Suite 4980, Houston, TX, USA, 77002
Civeo Corp provides hospitality services to the natural resources industry in Canada, Australia and the United States. The company provides a full suite of services for guests, including lodging, catering and food service, housekeeping and maintenance at accommodation facilities that the company or its customers own. The company provides services that support the day-to-day operations of these facilities, such as laundry, facility management and maintenance, water and wastewater treatment, power generation, communication systems, security and logistics. The company operates in active oil, metallurgical coal, liquefied natural gas and iron ore-producing regions. The company operates in three reportable business segments Canada, Australia and the United States.
Executives
| Moore Constance B |
director |
333 CLAY STREET, SUITE 4980, HOUSTON TX 77002 |
| Lance Torgerson |
10 percent owner |
596 MCCLURE ROAD, KELOWNA A1 V1W 1H3 |
| Martin Lambert |
director |
333 CLAY STREET, STE 4980, HOUSTON TX 77002 |
| Allan Schoening |
officer: See Remarks |
333 CLAY STREET, #4980, HOUSTON TX 77002 |
| Peter Mccann |
officer: Sr. Vice President, Australia |
333 CLAY STREET, SUITE 4980, HOUSTON TX 77002 |
| Jagdish Grewal |
director |
333 CLAY STREET, SUITE 4980, HOUSTON TX 77065 |
| Michael Montelongo |
director |
203 EAST MAIN STREET, SPARTANBURG SC 29319 |
| Bradley J Dodson |
director, officer: President, CEO, and Director |
333 CLAY STREET, SUITE 4980, HOUSTON TX 77002 |
| Barclay Brewer |
officer: Vice President and Controller |
333 CLAY STREET, SUITE 4980, HOUSTON TX 77002 |
| Ronald Gilbertson |
director |
333 CLAY STREET, HOUSTON TX 77002 |
| Tammy Torgerson |
10 percent owner |
596 MCCLURE ROAD, KELOWNA A1 V1W 1H3 |
| Torgerson Family Trust |
10 percent owner |
596 MCCLURE ROAD, KELOWNA A1 V1W 1H3 |
| Timothy O Wall |
director |
333 CLAY STREET, SUITE 4980, HOUSTON TX 77002 |
| Frank Steininger |
officer: See Remarks |
333 CLAY STREET, SUITE 4980, HOUSTON TX 77002 |
| Mike Ridley |
officer: See Remarks |
333 CLAY STREET, SUITE 4980, HOUSTON TX 77002 |
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