What is Greenwave Technology Solutions Financial Strength?
Greenwave Technology Solutions 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:
Greenwave Technology Solutions 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.
Greenwave Technology Solutions did not have earnings to cover the interest expense.
Greenwave Technology Solutions's debt to revenue ratio for the quarter that ended in Mar. 2024 was 0.86.
As of today, Greenwave Technology Solutions's Altman Z-Score is -14.28.
Competitive Comparison of Greenwave Technology Solutions's Financial Strength
For the Waste Management subindustry, Greenwave Technology Solutions'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.
Greenwave Technology Solutions's Financial Strength Distribution in the Waste Management Industry
For the Waste Management industry and Industrials sector, Greenwave Technology Solutions's Financial Strength distribution charts can be found below:
* The bar in red indicates where Greenwave Technology Solutions's Financial Strength falls into.
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:
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.
Greenwave Technology Solutions has a Z-score of -14.28, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
Warning Sign:
Altman Z-score of -14.28 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.
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.
Greenwave Technology Solutions 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.
Greenwave Technology Solutions Financial Strength Related Terms
Thank you for viewing the detailed overview of Greenwave Technology Solutions's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.
Greenwave Technology Solutions (Greenwave Technology Solutions) Business Description
Greenwave Technology Solutions Inc, through its subsidiary, is an operator of several metal recycling facilities in Virginia and North Carolina. At these facilities, the company is involved in collecting, classifying, and processing raw scrap metal (ferrous and nonferrous) for recycling. The company's products are selling ferrous metal, which is used in the recycling and production of finished steel. It is categorized into heavy melting steel, plate and structural, and shredded scrap. and it also processes nonferrous metals such as aluminum, copper, stainless steel, nickel, brass, titanium, alloys, and mixed metal products.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
GWAV has been successfully added to your