What is Granite Falls Energy LLC Financial Strength?
Granite Falls Energy LLC has the Financial Strength Rank of 9. It shows strong financial strength and is unlikely to fall into distressed situations.
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.
Granite Falls Energy LLC's Interest Coverage for the quarter that ended in Jul. 2022 was 15.73.
Granite Falls Energy LLC's debt to revenue ratio for the quarter that ended in Jul. 2022 was 0.07.
As of today, Granite Falls Energy LLC's Altman Z-Score is 0.00.
Competitive Comparison of Granite Falls Energy LLC's Financial Strength
For the Oil & Gas Refining & Marketing subindustry, Granite Falls Energy LLC'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.
Granite Falls Energy LLC's Financial Strength Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Granite Falls Energy LLC's Financial Strength distribution charts can be found below:
* The bar in red indicates where Granite Falls Energy LLC's Financial Strength falls into.
Granite Falls Energy LLC 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:
Granite Falls Energy LLC's Interest Expense for the
months ended in Jul. 2022 was $-0.4 Mil. Its Operating Income for the
months ended in Jul. 2022 was $5.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jul. 2022 was $19.0 Mil.
Granite Falls Energy LLC's Interest Coverage for the quarter that ended in Jul. 2022 is
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
Granite Falls Energy LLC's Debt to Revenue Ratio for the quarter that ended in Jul. 2022 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.
Granite Falls Energy LLC 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.
Granite Falls Energy LLC (Granite Falls Energy LLC) Business Description
Traded in Other Exchanges
N/A
Address
15045 Highway 23 SE, P.O. Box 216, Granite Falls, MN, USA, 56241
Granite Falls Energy LLC is engaged in the production and sale of ethanol and its co-products, including wet, modified wet and dried distillers' grains, corn oil and corn syrup. The company's principal products include Ethanol, Distillers Grains, and Corn Oil. Its production operations are carried out at a plant located in Granite Falls, Minnesota and Heron Lake Bioenergy ethanol plant near Heron Lake, Minnesota. It also operates a natural gas pipeline. Geographically business activity of the group is functioned primarily through the United States and generates income from the sale of Ethanol products.
Executives
| David A Forkrud |
director |
314 HIBBARD AVE, PO BOX 235, BELVIEW MN 56214 |
| Fagen Holdings, Inc. |
10 percent owner |
501 W HIGHWAY 212, GRANITE FALLS MN 56241 |
| Robin William Spaude |
director |
15045 HWY 23 SE, PO BOX 216, GRANITE FALLS MN 56241 |
| Sherry Jean Larson |
director |
15045 HWY 23 SE, GRANITE FALLS MN 56251 |
| Michael Gerald Lund |
director |
15045 HWY 23 SE, GRANITE FALLS MN 56241 |
| Bruce G Lavigne |
director |
15045 HWY 23 SE, GRANITE FALLS MN 56241 |
| Kenton Johnson |
director |
5347 270TH AVENUE, GRANITE FALLS MN 56241 |
| Leslie Kenneth Bergquist |
director |
141 SKYLINE DRIVE, GRANITE FALLS MN 56241 |
| Steve A Christensen |
officer: CEO |
15045 HIGHWAY 23 SE, PO BOX 216, GRANITE FALLS MN 56241 |
| Marten Gerald Goulet |
director |
3131 COUNTY ROAD 112, INTERNATIONAL FALLS MN 56649 |
| Kenneth Lee Berg |
director, officer: Vice Chairman |
2257 410TH STREET, CLARKFIELD MN 56223 |
| Dennis Clifford Wagner |
director |
3581 TOWN ROAD 45, SOUTH INTERNATIONAL FALLS MN 56679 |
| Dean Jerome Buesing |
director |
5027 HWY 67, GRANITE FALLS MN 56241 |
| Roland J Fagen |
10 percent owner |
501 WEST HIGHWAY 212, P.O. BOX 159, GRANITE FALLS MN 56241 |
| Glacial Lakes Energy, Llc |
10 percent owner |
301 20TH AVE. SE, P.O. BOX 933, WATERTOWN SD 57201-5922 |
Granite Falls Energy LLC (Granite Falls Energy LLC) Headlines
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