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Complete Solaria (Complete Solaria) Financial Strength : 1 (As of Dec. 2023)


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What is Complete Solaria Financial Strength?

Complete Solaria has the Financial Strength Rank of 1. It displays poor financial strength and is likely in financial distress. Usually this is caused by too much debt for the company.

Warning Sign:

Complete Solaria Inc displays poor financial strength. Usually, this is caused by too much debt for the company.

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.

Complete Solaria did not have earnings to cover the interest expense. Complete Solaria's debt to revenue ratio for the quarter that ended in Dec. 2023 was 0.76. As of today, Complete Solaria's Altman Z-Score is -17.17.


Competitive Comparison of Complete Solaria's Financial Strength

For the Solar subindustry, Complete Solaria'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.


Complete Solaria's Financial Strength Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Complete Solaria's Financial Strength distribution charts can be found below:

* The bar in red indicates where Complete Solaria's Financial Strength falls into.



Complete Solaria 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:

Complete Solaria's Interest Expense for the months ended in Dec. 2023 was $-5.16 Mil. Its Operating Income for the months ended in Dec. 2023 was $-16.06 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.66 Mil.

Complete Solaria's Interest Coverage for the quarter that ended in Dec. 2023 is

Complete Solaria 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.

Complete Solaria'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
=(62.544 + 0.664) / 82.916
=0.76

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.

Complete Solaria has a Z-score of -17.17, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.

Warning Sign:

Altman Z-score of -17.17 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.


Complete Solaria  (NAS:CSLR) 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.

Complete Solaria has the Financial Strength Rank of 1. It displays poor financial strength and is likely in financial distress. Usually this is caused by too much debt for the company.


Complete Solaria Financial Strength Related Terms

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Complete Solaria (Complete Solaria) Business Description

Traded in Other Exchanges
N/A
Address
45700 Northport Loop East, Fremont, CA, USA, 94538
Complete Solaria Inc is a solar company with unique technology and an end-to-end customer offering, which is expected to include financing, project fulfilment, and customer service, allowing it to sell more products across more markets and enable more options for customers wishing to make the switch to a more energy-efficient lifestyle.
Executives
David John Anderson director, officer: CMO; EVP Strategic Partnership C/O COMPLETE SOLARIA, INC., 3000 EXECUTIVE PARKWAY, SUITE 504, SAN RAMON CA 94583
Vikas Desai officer: President; GM Business Units C/O COMPLETE SOLARIA, INC., 3000 EXECUTIVE PARKWAY, SUITE 504, SAN RAMON CA 94583
Thurman J Rodgers director, 10 percent owner 535 EASTVIEW WAY, WOODSIDE CA 94062
William James Anderson director, officer: Chief Executive Officer C/O COMPLETE SOLARIA, INC., 3000 EXECUTIVE PARKWAY, SUITE 504, SAN RAMON CA 94583
Arnaud Lepert officer: Chief Operating Officer C/O COMPLETE SOLARIA, INC., 3000 EXECUTIVE PARKWAY, SUITE 504, SAN RAMON CA 94583
Devin Whatley director C/O COMPLETE SOLARIA, INC., 3000 EXECUTIVE PARKWAY, SUITE 504, SAN RAMON CA 94583
Brian Wuebbels officer: Chief Financial Officer C/O MEMC ELECTRONIC MATERIALS, INC., 501 PEARL DRIVE, ST. PETERS MO 63376
Ronald J Pasek director 101 INNOVATION DRIVE, SAN JOSE CA 95134
Antonio R Alvarez director 3901 N. FIRST ST., SAN JOSE CA 95134
Edward Qiang Zeng director 14 WALL STREET, 20TH FLOOR, NEW YORK NY 100005
Nell Cady-kruse director C/O VARAGON CAPITAL CORPORATION, 299 PARK AVENUE, 3RD FLOOR, NEW YORK NY 10171
David Poritz director 14 WALL STREET, 20TH FLOOR, NEW YORK NY 10005
Adam Gishen officer: Chief Executive Officer 14 WALL STREET, 20TH FLOOR, NEW YORK NY 10005
Freedom Acquisition I Llc 10 percent owner C/O MAPLES CORPORATE SERVICES LIMITED, PO BOX 309, UGLAND HOUSE, GRAND CAYMAN E9 KY1-1104
Tidjane Thiam director C/O TWENTY-FIRST CENTURY FOX, INC., NEW YORK NY 10036