What is Party City Holdco Financial Strength?
Party City Holdco 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.
Party City Holdco did not have earnings to cover the interest expense.
Party City Holdco's debt to revenue ratio for the quarter that ended in Sep. 2022 was 1.29.
As of today, Party City Holdco's Altman Z-Score is 0.00.
Competitive Comparison of Party City Holdco's Financial Strength
For the Specialty Retail subindustry, Party City Holdco'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.
Party City Holdco's Financial Strength Distribution in the Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Party City Holdco's Financial Strength distribution charts can be found below:
* The bar in red indicates where Party City Holdco's Financial Strength falls into.
Party City Holdco 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:
Party City Holdco's Interest Expense for the
months ended in Sep. 2022 was $-27 Mil. Its Operating Income for the
months ended in Sep. 2022 was $-21 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2022 was $2,018 Mil.
Party City Holdco's Interest Coverage for the quarter that ended in Sep. 2022 is
| Party City Holdco 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.
Party City Holdco's Debt to Revenue Ratio for the quarter that ended in Sep. 2022 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.
Party City Holdco 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.
Party City Holdco (Party City Holdco) Business Description
Traded in Other Exchanges
N/A
Address
80 Grasslands Road, Elmsford, NY, USA, 10523
Party City Holdco Inc is a party goods retailer in North America that operates owned and franchised locations in the us, Canada, and Puerto Rico. Party City also sells internationally in countries like the UK, France, Germany, and Australia, among others. The company has two primary reporting segments: retail and wholesale. The retail operations sell through Anagram, Amscan, Designware, Costumes USA, and other party suppliers, such as Party City, Halloween City, and PartyCity.com. The wholesale segment sells party goods such as paper and plastic tableware, accessories and novelties, balloons, stationery, and gift items for all occasions. These products are sold by franchise stores, mass merchants, independent card and gift shops, dollar stores, and other retailers and global distributors.
Executives
| Clifford Sosin |
10 percent owner |
8 WRIGHT STREET, 1ST FL, WESTPORT CT 06880 |
| John Capela |
officer: See Remarks |
779 HIGHLAND AVENUE, PARAMUS NJ 07652 |
| Peter Royer Smith |
officer: Chief Operations Officer |
3438 PEACHTREE ROAD NE, SUITE 1800, ATLANTA GA 30326 |
| De Mesa Graziano Cheryl |
officer: Chief Accounting Officer |
80 GRASSLANDS ROAD, ELMSFORD NY 10523 |
| Steven J Collins |
director |
29 VINTON STREET, #5, BOSTON MA 02127 |
| William S. Creekmuir |
director |
SIX CONCOURSE PARKWAY, SUITE 3300-A, ATLANTA GA 30328 |
| John Frascotti |
director |
C/O HASBRO, INC. 1011 NEWPORT AVENUE, PAWTUCKET RI 02862 |
| Shroff Michelle Millstone |
director |
C/O PARTY CITY HOLDCO INC., 80 GRASSLANDS ROAD, ELMSFORD NY 10523 |
| James M Harrison |
director |
GOLDMAN, SACHS & CO., 85 BROAD ST, NEW YORK NY 10004 |
| Reginald Rasch |
officer: See Remarks |
80 GRASSLANDS ROAD, ELMSFORD NY 10523 |
| Sean Thompson |
officer: See Remarks |
80 GRASSLANDS ROAD, ELMSFORD NY 10523 |
| Sarah Dodds-brown |
director |
80 GRASSLANDS ROAD, ELMSFORD NY 10523 |
| Jennifer Fleiss |
director |
80 GRASSLANDS ROAD, ELMSFORD NY 10523 |
| Joel Alsfine |
director |
2905 PREMIERE PARKWAY, SUITE 300, DULUTH GA 30097 |
| Norman S Matthews |
director |
650 MADISON AVENUE, 23RD FLOOR, NEW YORK NY 10022 |
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