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CarParts.com (CarParts.com) Financial Strength : 6 (As of Mar. 2024)


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What is CarParts.com Financial Strength?

CarParts.com has the Financial Strength Rank of 6.

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.

CarParts.com did not have earnings to cover the interest expense. CarParts.com's debt to revenue ratio for the quarter that ended in Mar. 2024 was 0.07. As of today, CarParts.com's Altman Z-Score is 1.86.


Competitive Comparison of CarParts.com's Financial Strength

For the Internet Retail subindustry, CarParts.com'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.


CarParts.com's Financial Strength Distribution in the Retail - Cyclical Industry

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

* The bar in red indicates where CarParts.com's Financial Strength falls into.



CarParts.com 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:

CarParts.com's Interest Expense for the months ended in Mar. 2024 was $-0.3 Mil. Its Operating Income for the months ended in Mar. 2024 was $-6.5 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $38.9 Mil.

CarParts.com's Interest Coverage for the quarter that ended in Mar. 2024 is

CarParts.com 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.

CarParts.com'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
=(9.764 + 38.87) / 665.156
=0.07

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.

CarParts.com has a Z-score of 1.86, indicating it is in Grey Zones. This implies that CarParts.com is in some kind of financial stress. If it is below 1.81, the company may faces bankrupcy risk.

Warning Sign:

Altman Z-score of 1.86 is in the grey area. This implies that the company is under some kind of financial stress. If it is below 1.8, the company may face bankruptcy risk.

* 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.


CarParts.com  (NAS:PRTS) 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.

CarParts.com has the Financial Strength Rank of 6.


CarParts.com Financial Strength Related Terms

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


CarParts.com (CarParts.com) Business Description

Traded in Other Exchanges
Address
2050 W. 190th Street, Suite 400, Torrance, CA, USA, 90504
CarParts.com Inc is an online provider of automotive aftermarket parts and repair information. The company principally sells its products to individual consumers through its network of websites and online marketplaces. The company's products consist of collision parts serving the body repair market, engine parts to serve the replacement parts market, and performance parts and accessories.
Executives
Michael Huffaker officer: Chief Operating Officer 2050 W. 190TH STREET, SUITE 400, TORRANCE CA 90504
Henry J Maier director 1000 FEDEX DRIVE, MOON TOWNSHIP PA 15108
Nanxi Liu director 2050 W. 190TH STREET, SUITE 400, TORRANCE CA 90504
Jim Barnes director 16941 KEEGAN AVE, CARSON CA 90746
Ana Dutra director C/O KORN/FERRY INTERNATIONAL, 1900 AVENUE OF THE STARS, SUITE 2600, LOS ANGELES CA 90067
Ryan Lockwood officer: Chief Financial Officer 2050 W. 190TH STREET, SUITE 400, TORRANCE CA 90504
Kals Subramanian officer: Chief Technology Officer 2050 W. 190TH STREET, SUITE 400, TORRANCE CA 90504
David Meniane director, officer: Chief Executive Officer 16941 KEEGAN AVENUE, CARSON CA 90746
Houman Akhavan officer: VP of Marketiing C/O U. S. AUTO PARTS NETWORK, INC., 17150 SOUTH MARGAY AVENUE, CARSON CA 90746
Barry Phelps director 26750 AGOURA RD, CALABASAS CA 91302
Alfredo Gomez officer: VP, General Counsel 10420 RESEARCH ROAD SE, ALBUQUERQUE NM 87123
Lev Peker director, officer: Chief Executive Officer US AUTO PARTS, 16941 KEEGAN AVENUE, CARSON CA 90746
Sanjiv Gomes officer: Interim CTO 16941 KEEGAN AVENUE, CARSON CA 90746
Jay Keith Greyson director 16941 KEEGAN AVENUE, CARSON CA 90746
Mehran Nia director, 10 percent owner 17150 SOUTH MARGAY AVENUE, CARSON CA 90746