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Krispy Kreme 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.Krispy Kreme's Interest Coverage for the quarter that ended in Dec. 2023 was 0.05. Krispy Kreme's debt to revenue ratio for the quarter that ended in Dec. 2023 was 0.77. As of today, Krispy Kreme's Altman Z-Score is 0.98.
For the Grocery Stores subindustry, Krispy Kreme'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 Retail - Defensive industry and Consumer Defensive sector, Krispy Kreme's Financial Strength distribution charts can be found below:
* The bar in red indicates where Krispy Kreme'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:
Krispy Kreme's Interest Expense for the months ended in Dec. 2023 was $-13 Mil. Its Operating Income for the months ended in Dec. 2023 was $1 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,291 Mil.
Krispy Kreme's Interest Coverage for the quarter that ended in Dec. 2023 is
Interest Coverage | = | -1 | * | Operating Income (Q: Dec. 2023 ) | / | Interest Expense (Q: Dec. 2023 ) |
= | -1 | * | 0.716 | / | -13.483 | |
= | 0.05 |
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
Krispy Kreme'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 | |
= | (104.996 | + | 1291.198) | / | 1803.62 | |
= | 0.77 |
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.
Krispy Kreme has a Z-score of 0.98, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
Warning Sign:
Altman Z-score of 0.98 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.
Krispy Kreme (NAS:DNUT) 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.
Krispy Kreme has the Financial Strength Rank of 4.
Thank you for viewing the detailed overview of Krispy Kreme's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.
Raphael Duvivier | officer: Chief Development Officer | 2116 HAWKINS STREET, CHARLOTTE NC 28203 |
Kelly P Mcbride | officer: Chief Accounting Officer | 2116 HAWKINS STREET, CHARLOTTE NC 28203 |
Jeremiah Ashukian | officer: EVP & Chief Financial Officer | 2116 HAWKINS STREET, CHARLOTTE NC 28203 |
Philip Telfer | director | 356 STATE STREET, EAST ALBURY C3 NSW 2640 |
Michael J. Tattersfield | director, officer: President and CEO | 2285 CLARK DRIVE, VANCOUVER A1 V5N 3G9 |
Gerhard W. Pleuhs | director | C/O KRAFT FOODS INC., THREE LAKES DRIVE, NORTHFIELD IL 60093 |
Marissa Andrada | director | C/O KATE SPADE & COMPANY 2 PARK AVENUE, NEW YORK NY 10016 |
Jab Indulgence B.v. | 10 percent owner | 14TH FLOOR, 20 EASTBOURNE TERRACE, LONDON X0 W2 6LG |
Olivier Goudet | director, other: Chairman of the Board | 350 FIFTH AVENUE, NEW YORK NY 10118 |
Jab Holdings B.v. | 10 percent owner | PIET HEINKADE 55, AMSTERDAM P7 NL 1019 GM |
Debbie Sharell Roberts | director | 204 W. 59TH STREET, BURR RIDGE IL 60527 |
Patricia Capel | director | C/O KRISPY KREME, INC., 2116 HAWKINS STREET, CHARLOTTE NC 28203 |
Josh Charlesworth | officer: COO and CFO | C/O KRISPY KREME, INC., 2116 HAWKINS STREET, CHARLOTTE NC 28203 |
David J. Deno | director | 111 4TH AVENUE NORTH #503, MINNEAPOLIS MN 55402 |
Andrew G Skehan | officer: North America President | 5555 GLENRIDGE CONNECTOR, NE, SUITE 300, ATLANTA GA 30342 |
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