What is Sundance Strategies Financial Strength?
Sundance Strategies 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.
Sundance Strategies did not have earnings to cover the interest expense.
As of today, Sundance Strategies's Altman Z-Score is 0.00.
Competitive Comparison of Sundance Strategies's Financial Strength
For the Insurance - Diversified subindustry, Sundance Strategies'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.
Sundance Strategies's Financial Strength Distribution in the Insurance Industry
For the Insurance industry and Financial Services sector, Sundance Strategies's Financial Strength distribution charts can be found below:
* The bar in red indicates where Sundance Strategies's Financial Strength falls into.
Sundance Strategies 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:
Sundance Strategies's Interest Expense for the
months ended in Dec. 2023 was $-0.11 Mil. Its Operating Income for the
months ended in Dec. 2023 was $-0.15 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $3.20 Mil.
Sundance Strategies's Interest Coverage for the quarter that ended in Dec. 2023 is
| Sundance Strategies 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.
Sundance Strategies'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.
Sundance Strategies 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.
Sundance Strategies (Sundance Strategies) Business Description
Traded in Other Exchanges
N/A
Address
4626 North 300 West, Suite No. 365, Provo, UT, USA, 84604
Sundance Strategies Inc is a specialty financial services company. It is engaged in the business of purchasing or acquiring life insurance policies and residual interests in or financial products tied to life insurance policies and residual interests involving life insurance policies and financial products. The company focuses on the purchase and sale of net insurance benefit contracts (NIB) based on life insurance policies.
Executives
| Randall F. Pearson |
director, officer: President |
770 S. PALISADE DR., OREM UT 84097 |
| Kraig Higginson |
director |
2296 NORTH 470 E, PROVO UT 84604 |
| Matthew G. Pearson |
officer: Chief Operating Officer |
P.O. BOX 680518, PARK CITY UT 84068 |
| Ty D. Mattingly |
director, 10 percent owner |
22 WEST 620 SOUTH, OREM UT 84058 |
| Glenn S. Dickman |
director, officer: Secretary |
13559 TUSCALEE WAY, DRAPER UT 84020 |
| Mitchell D. Burton |
10 percent owner |
1343 S. 1100 E., OREM UT 84097 |
| Jonathan Craig Moffitt |
director, officer: President and CEO |
4626 NORTH 300 WEST, SUITE 375, PROVO UT 84604 |
| Del R. Higginson |
director, officer: CFO, Secretary and Treasurer |
11148 NORTH SUNFLOWER DRIVE, HIGHLAND UT 84003 |
| Kelly Trimble |
10 percent owner |
4685 HIGHLAND DRIVE, SUITE #207, SALT LAKE CITY UT 84117 |
| Mark C Burdge |
director, 10 percent owner |
815 EAST OSMOND LANE, PROVO UT 84604 |
| Howard Abrams |
director, officer: CEO and CFO |
|
| Mark Sansom |
other: No longer a 10% holder |
4061 POWER CIRCLE, SALT LAKE CITY UT 84124 |
| Globe Energy Technologies, Llc |
10 percent owner |
5055 N. EDGEWOOD DR, PO BOX 222, PROVE UT 84604 |
| Lance Musicant |
director, 10 percent owner, officer: President,CFO, CEO |
5017 WILD BUFFALO AVE, LAS VEGAS NV 89131 |
| Allen Musicant |
director, 10 percent owner, officer: Vice President |
5017 WILD BUFFALO AVE, LAS VEGAS NV 89131 |
Sundance Strategies (Sundance Strategies) Headlines
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