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First Western Financial 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.GuruFocus does not calculate First Western Financial's interest coverage with the available data. First Western Financial's debt to revenue ratio for the quarter that ended in Dec. 2023 was 2.19. Altman Z-Score does not apply to banks and insurance companies.
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:
First Western Financial's Interest Expense for the months ended in Dec. 2023 was $-21.66 Mil. Its Operating Income for the months ended in Dec. 2023 was $0.00 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $178.05 Mil.
First Western Financial's Interest Coverage for the quarter that ended in Dec. 2023 is
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. First Western Financial Inc has enough cash to cover all of its debt. Its financial situation is stable.
2. Debt to revenue ratio. The lower, the better.
First Western Financial'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 | + | 178.051) | / | 81.152 | |
= | 2.19 |
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.
Altman Z-Score does not apply to banks and insurance companies.
* 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.
First Western Financial (NAS:MYFW) 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.
First Western Financial has the Financial Strength Rank of 4.
Thank you for viewing the detailed overview of First Western Financial's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.
Jesica J. Montgomery | officer: Principal Accounting Officer | 1900 SIXTEENTH STREET, SUITE 500, DENVER CO 80202 |
David R. Weber | officer: Chief Financial Officer | 1900 SIXTEENTH STREET, SUITE 500, DENVER CO 80202 |
Matthew C. Cassell | officer: Chief Banking Officer | 1900 16TH STREET, SUITE 1200, DENVER CO 80202 |
James Allen Scott | officer: Chief Client Exp. Officer | 1900 16TH STREET, SUITE 1200, DENVER CO 80202 |
Scott C Mitchell | director | 1900 16TH STREET, SUITE 1200, DENVER CO 80202 |
David R Duncan | director | 1900 16TH STREET, SUITE 1200, DENVER CO 80202 |
Scott C Wylie | director, 10 percent owner, officer: Chairman, CEO and President | 1900 16TH STREET, SUITE 1200, DENVER CO 80202 |
John Emery Sawyer | officer: Chief Investment Officer | 1900 16TH STREET, SUITE 1200, DENVER CO 80202 |
Julie A Courkamp | officer: Chief Financial Officer | 1900 16TH STREET, SUITE 1200, DENVER CO 80202 |
Joseph C. Zimlich | director | 1900 16TH STREET, SUITE 1200, DENVER CO 80202 |
Eric D Sipf | director | 1601 DRY CREEK DRIVE, LONGMONT CO 80503 |
Mark L Smith | director | 1900 16TH STREET, SUITE 1200, DENVER CO 80202 |
Scott J Lawley | officer: Chief Credit Officer | 1900 16TH STREET, SUITE 1200, DENVER CO 80202 |
Cammie A Redpath | officer: Chief Human Capital Officer | 1900 16TH STREET, SUITE 1200, DENVER CO 80202 |
Daniel C Thompson | officer: Regional Pres., Ariz./Calif. | 1900 16TH STREET, SUITE 1200, DENVER CO 80202 |
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