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Pacific Financial (Pacific Financial) Financial Strength : 5 (As of Mar. 2024)


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What is Pacific Financial Financial Strength?

Pacific Financial 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.
2. Debt to revenue ratio. The lower, the better.
3. Altman Z-Score.

GuruFocus does not calculate Pacific Financial's interest coverage with the available data. Pacific Financial's debt to revenue ratio for the quarter that ended in Mar. 2024 was 0.26. Altman Z-Score does not apply to banks and insurance companies.


Pacific Financial 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:

Pacific Financial's Interest Expense for the months ended in Mar. 2024 was $-2.23 Mil. Its Operating Income for the months ended in Mar. 2024 was $0.00 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $13.40 Mil.

Pacific Financial's Interest Coverage for the quarter that ended in Mar. 2024 is

The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Pacific Financial Corp has enough cash to cover all of its debt. Its financial situation is stable.

2. Debt to revenue ratio. The lower, the better.

Pacific Financial's Debt to Revenue Ratio for the quarter that ended in Mar. 2024 is

Debt to Revenue Ratio=Total Debt (Q: Mar. 2024 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(0 + 13.403) / 51.38
=0.26

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.

Altman Z-Score does not apply to banks and insurance companies.

* 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.


Pacific Financial  (OTCPK:PFLC) 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.

Pacific Financial has the Financial Strength Rank of 5.


Pacific Financial Financial Strength Related Terms

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


Pacific Financial (Pacific Financial) Business Description

Traded in Other Exchanges
N/A
Address
1216 Skyview Drive, Aberdeen, WA, USA, 98520
Pacific Financial Corp is active in the financial services domain as a bank holding company of the Bank of the Pacific, based in the United States. Its business also includes loan production and real estate mortgage provision. Its commercial banking division caters through services such as business checking, business savings and certificates of deposits, business loans, treasury management and commercial real estate loans, while its personal banking services comprise of checking solutions, savings solutions, consumer loans and lines of credit.
Executives
Kristi Gundersen director PO BOX 1826, ABERDEEN WA 98520
Daniel J. Tupper director PO BOX 1826, ABERDEEN WA 98520
Loretta B Reece director PO BOX 1826, ABERDEEN WA 98520
Douglas N Biddle officer: CFO 1101 S. BOONE STREET, ABERDEEN WA 98520-5244
Randy Rust director 300 E MARKET STREET, ABERDEEN WA 98520-5244
Dwayne Carter director 1101 S BOONE STREET, ABERDEEN WA 98520
Denise Portmann officer: VP & CASHIER
Douglas M Schermer director
Dennis A Long director, officer: President
Randy W Rognlin director
Edward Ketel director
Philippe S Swaab officer: Vice President 1101 S BOONE STREET, ABERDEEN WA 98520
Duane E Hagstrom director
Dijk John Van officer: Secretary
Susan C Freese director