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Macquarie Infrastructure Holdings LLC has the Financial Strength Rank of 5.
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.Macquarie Infrastructure Holdings LLC's Interest Coverage for the quarter that ended in Mar. 2022 was 413.55. Macquarie Infrastructure Holdings LLC's debt to revenue ratio for the quarter that ended in Mar. 2022 was 0.40. As of today, Macquarie Infrastructure Holdings LLC's Altman Z-Score is 0.00.
For the Utilities - Regulated Gas subindustry, Macquarie Infrastructure Holdings 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.
For the Utilities - Regulated industry and Utilities sector, Macquarie Infrastructure Holdings LLC's Financial Strength distribution charts can be found below:
* The bar in red indicates where Macquarie Infrastructure Holdings LLC's Financial Strength falls into.
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:
Macquarie Infrastructure Holdings LLC's Interest Expense for the months ended in Mar. 2022 was $-0.0 Mil. Its Operating Income for the months ended in Mar. 2022 was $15.7 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2022 was $107.8 Mil.
Macquarie Infrastructure Holdings LLC's Interest Coverage for the quarter that ended in Mar. 2022 is
Interest Coverage | = | -1 | * | Operating Income (Q: Mar. 2022 ) | / | Interest Expense (Q: Mar. 2022 ) |
= | -1 | * | 15.715 | / | -0.038 | |
= | 413.55 |
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
Macquarie Infrastructure Holdings LLC's Debt to Revenue Ratio for the quarter that ended in Mar. 2022 is
Debt to Revenue Ratio | = | Total Debt (Q: Mar. 2022 ) | / | Revenue | ||
= | (Short-Term Debt & Capital Lease Obligation | + | Long-Term Debt & Capital Lease Obligation) | / | Revenue | |
= | (2.918 | + | 107.808) | / | 274.724 | |
= | 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.
Macquarie Infrastructure Holdings 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.
Macquarie Infrastructure Holdings LLC (NYSE:MIC) 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.
Macquarie Infrastructure Holdings LLC has the Financial Strength Rank of 5.
Thank you for viewing the detailed overview of Macquarie Infrastructure Holdings LLC's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.
Christopher Frost | director, officer: Chief Executive Officer | C/O MACQUARIE INFRASTRUCTURE CORPORATION 125 WEST 55TH STREET NEW YORK NY 10019 |
Nick O'neil | officer: Chief Financial Officer | C/O MACQUARIE INFRASTRUCTURE CORPORATION 125 WEST 55TH STREET NEW YORK NY 10019 |
Michael Kernan | officer: General Counsel and Secretary | 125 W 55TH STREET NEW YORK NY 10019 |
Jay Davis | officer: Vice President | 125 W. 55TH STREET LEVEL 15 NEW YORK NY 10019 |
Martin Stanley | director | C/O MACQUARIE INFRASTRUCTURE COMPANY LLC 125 WEST 55TH STREET NEW YORK NY 10019 |
Ronald Kirk | director | TEXAS INSTRUMENTS INCORPORATED, 12500 TI BOULEVARD MS 3999, DALLAS TX 75243 |
Maria S. Dreyfus | director | 125 WEST 55TH STREET, 15TH FLOOR, NEW YORK NY 10019 |
Ouma Sananikone | director | C/O MACQUARIE INFRASTRUCTURE COMPANY LLC, 125 WEST 55TH STREET, NEW YORK NY 10019 |
Henry E Lentz | director | ONE WILLIAMS CENTER, SUITE 3800, TULSA OK 74172 |
Amanda M Brock | director | 840 GESSNER ROAD, SUITE 1400, HOUSTON TX 77024 |
Brown Norman H Jr | director | C/O MACQUARIE INFRASTRUCTURE COMPANY LLC 125 WEST 55TH STREET NEW YORK NY 10019 |
Mihi Llc | director, 10 percent owner | 125 WEST 55TH STREET, NEW YORK NY 10019 |
Macquarie Infrastructure Management (usa) Inc | director, 10 percent owner | 125 WEST 55TH STREET, 15TH FLOOR NEW YORK NY 10019 |
Macquarie Group Ltd | 10 percent owner | 50 MARTIN PLACE, SYDNEY, NSW 2000 C3 2000 |
Carmany George W Iii | other: Former Director | C/O MACQUARIE INFRASTRUCTURE COMPANY LLC 600 FIFTH AVENUE, 21ST FLOOR NEW YORK NY 10020 |
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