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Legacy Imbds (Legacy Imbds) Financial Strength : 0 (As of Oct. 2022)


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What is Legacy Imbds Financial Strength?

Legacy Imbds has the Financial Strength Rank of 0.

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.

Legacy Imbds did not have earnings to cover the interest expense. Legacy Imbds's debt to revenue ratio for the quarter that ended in Oct. 2022 was 0.40. As of today, Legacy Imbds's Altman Z-Score is 0.00.


Competitive Comparison of Legacy Imbds's Financial Strength

For the Specialty Retail subindustry, Legacy Imbds'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.


Legacy Imbds's Financial Strength Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Legacy Imbds's Financial Strength distribution charts can be found below:

* The bar in red indicates where Legacy Imbds's Financial Strength falls into.



Legacy Imbds 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:

Legacy Imbds's Interest Expense for the months ended in Oct. 2022 was $-6.0 Mil. Its Operating Income for the months ended in Oct. 2022 was $-13.7 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2022 was $98.2 Mil.

Legacy Imbds's Interest Coverage for the quarter that ended in Oct. 2022 is

Legacy Imbds 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.

Legacy Imbds's Debt to Revenue Ratio for the quarter that ended in Oct. 2022 is

Debt to Revenue Ratio=Total Debt (Q: Oct. 2022 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(100.555 + 98.154) / 493.056
=0.40

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.

Legacy Imbds 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.


Legacy Imbds  (OTCPK:IMBIQ) 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.

Legacy Imbds has the Financial Strength Rank of 0.


Legacy Imbds Financial Strength Related Terms

Thank you for viewing the detailed overview of Legacy Imbds's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.


Legacy Imbds (Legacy Imbds) Business Description

Traded in Other Exchanges
N/A
Address
6740 Shady Oak Road, Eden Prairie, MN, USA, 55344-3433
Legacy Imbds Inc Formerly iMedia Brands Inc is a global interactive media company that manages a portfolio of shopping television networks and web service businesses, primarily in North America, for English and Spanish speaking audiences. It's brand portfolio spans multiple business models and product categories and includes ShopHQ, iMedia Web Services, Bulldog Shopping Network, and LaVenta Shopping Network. It operates in three segments: Entertainment, Consumer Brand and Media Commerce Services. Geographically, it derives a majority of its revenue from the US.
Executives
Jill Kathleen Frizzley director P.O. BOX 1541, ONE BLUE HILL PLAZA, PEARL RIVER NY 10965
Steven G Panagos director C/O SPIRIT MTA REIT, 2727 NORTH HARWOOD STREET, SUITE 300, DALLAS TX 75201
James Alt officer: Chief Transformation Officer 6740 SHADY OAK ROAD, MINNEAPOLIS MN 55344
Alan W Aldworth director 300 N ZEEB ROAD, AN ARBOR MI 48103
Michael Friedman director 6740 SHADY OAK ROAD, EDEN PRAIRIE MN 55344
Eyal Lalo director 6740 SHADY OAK ROAD, EDEN PRAIRIE MN 55344
Landel C Hobbs director C/O TIME WARNER CABLE INC., 60 COLUMBUS CIRCLE, 17TH FLOOR, NEW YORK NY 10023
Tim Peterman officer: Chief Financial Officer
Thomas Zielecki officer: Chief Financial Officer 6740 SHADY OAK ROAD, MINNEAPOLIS MN 55344
Montgomery Wageman officer: Chief Financial Officer 6740 SHADY OAK ROAD, EDEN PRARIE MN 55344
Darryl C. Porter director 6740 SHADY OAK RD, EDEN PRAIRIE MN 55344
Invicta Media Investments, Llc 10 percent owner 3069 TAFT STREET, HOLLYWOOD FL 33021
Jill M Krueger director
James Spolar officer: SVP, GC and Secretary 6740 SHADY OAK RD, EDEN PRAIRIE MN 55344
Aaron Reitkopf director 6740 SHADY OAK RD, EDEN PRAIRIE MN 55344