What is EQUATOR Beverage Co Financial Strength?
EQUATOR Beverage Co has the Financial Strength Rank of 3. It displays poor financial strength and is likely in financial distress. Usually this is caused by too much debt for the company.
Warning Sign:
EQUATOR Beverage Co 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.
EQUATOR Beverage Co did not have earnings to cover the interest expense.
EQUATOR Beverage Co's debt to revenue ratio for the quarter that ended in Mar. 2024 was 0.14.
As of today, EQUATOR Beverage Co's Altman Z-Score is -31.23.
Competitive Comparison of EQUATOR Beverage Co's Financial Strength
For the Beverages - Non-Alcoholic subindustry, EQUATOR Beverage Co'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.
EQUATOR Beverage Co's Financial Strength Distribution in the Beverages - Non-Alcoholic Industry
For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, EQUATOR Beverage Co's Financial Strength distribution charts can be found below:
* The bar in red indicates where EQUATOR Beverage Co's Financial Strength falls into.
EQUATOR Beverage Co 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:
EQUATOR Beverage Co's Interest Expense for the
months ended in Mar. 2024 was $-0.00 Mil. Its Operating Income for the
months ended in Mar. 2024 was $-0.10 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.00 Mil.
EQUATOR Beverage Co's Interest Coverage for the quarter that ended in Mar. 2024 is
| EQUATOR Beverage Co 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.
EQUATOR Beverage Co's Debt to Revenue Ratio for the quarter that ended in Mar. 2024 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.
EQUATOR Beverage Co has a Z-score of -31.23, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
Warning Sign:
Altman Z-score of -31.23 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.
EQUATOR Beverage Co (EQUATOR Beverage Co) Business Description
Traded in Other Exchanges
N/A
Address
185 Hudson Street, Floor 25, Jersey City, NJ, USA, 07302
EQUATOR Beverage Co is engaged in developing, producing, distributing, and marketing new beverage products. Its beverages have been certified Non-GMO Project Verified and USDA Organic, and It offers both nonalcoholic and ready-to-drink alcoholic options. In addition, It has a line of sparkling energy beverages targeted towards female consumers. Its beverages can be found in North America, the Caribbean, and Bermuda. It is committed to sustainability and use 100 percent recyclable, eco-friendly packaging that has a minimal impact on the environment. Furthermore, its products are plant-based, renewable, and eco-friendly. Coconut water is nature's hydration drink for the skin and body. In each 11 oz serving there are five essential electrolytes totaling 1043 mg more than other sports drinks.
Executives
| Peter Spinner |
director, 10 percent owner, officer: Chief Operating Officer |
101 HUDSON STREET, 21ST FLOOR, JERSEY CITY NJ 07302 |
| Robert Kaufman |
director |
C/O MOJO ORGANICS, INC., 101 HUDSON STREET, 21ST FLOOR, JERSEY CITY NJ 07302 |
| Jeffrey Devlin |
director |
875 NORTH MICHIGAN AVENUE, 2929, CHICAGO IL 60611 |
| Glenn Simpson |
director, 10 percent owner, officer: Chief Executive Officer |
101 HUDSON STREET, 21ST FLOOR, JERSEY CITY NJ 07302 |
| Richard X. Seet |
director |
101 HUDSON STREET, 21ST FLOOR, JERSEY CITY NJ 07302 |
EQUATOR Beverage Co (EQUATOR Beverage Co) Headlines
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