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Sharing Services Global 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.Sharing Services Global did not have earnings to cover the interest expense. Sharing Services Global's debt to revenue ratio for the quarter that ended in Dec. 2023 was 0.14. As of today, Sharing Services Global's Altman Z-Score is -20.69.
For the Packaged Foods subindustry, Sharing Services Global'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 Consumer Packaged Goods industry and Consumer Defensive sector, Sharing Services Global's Financial Strength distribution charts can be found below:
* The bar in red indicates where Sharing Services Global'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:
Sharing Services Global's Interest Expense for the months ended in Dec. 2023 was $-0.14 Mil. Its Operating Income for the months ended in Dec. 2023 was $-0.74 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.42 Mil.
Sharing Services Global's Interest Coverage for the quarter that ended in Dec. 2023 is
Sharing Services Global 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.
Sharing Services Global's Debt to Revenue Ratio for the quarter that ended in Dec. 2023 is
Debt to Revenue Ratio | = | Total Debt (Q: Dec. 2023 ) | / | Revenue | ||
= | (Short-Term Debt & Capital Lease Obligation | + | Long-Term Debt & Capital Lease Obligation) | / | Revenue | |
= | (1.234 | + | 0.416) | / | 11.544 | |
= | 0.14 |
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.
Sharing Services Global has a Z-score of -20.69, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
Warning Sign:
Altman Z-score of -20.69 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.
Sharing Services Global (OTCPK:SHRG) 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.
Sharing Services Global has the Financial Strength Rank of 0.
Thank you for viewing the detailed overview of Sharing Services Global's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.
Chan Heng Fai Ambrose | director, other: Exec. Chairman of the Board | 2601 INSLAND PLACE TOWER, 510 KINGS RD N POINT, HONG KONG K3 999999999 |
Document Security Systems Inc | 10 percent owner | 275 WIREGRASS PKWY, WEST HENRIETTA NY 14586 |
Anthony S. Chan | officer: Chief Financial Officer | 228 YANJIANG AVE., JIANGAN DIST., BLDG A, WUHAN CITY F4 430010 |
Steven Mark Nicholls | officer: Chief Financial Officer | 1700 COIT ROAD, SUITE 100, PLANO TX 75075 |
Robert H Trapp | director | C/O EVISION INTERNATIONAL INC., 1888 SHERMAN ST. #500, DENVER CO 80203 |
Sassuan (samson) Lee | director | 200 CANAL VIEW BLVD., SUITE 300, ROCHESTER NY 14623 |
Frank D Heuszel | director | 275 WIREGRASS PKWY, WEST HENRIETTA, NEW YORK NY 14586 |
Frank Walters | director, officer: SECRETARY, TREASURER, CFO | C/O SHARING SERVICES, INC., 1701 COIT ROAD, SUITE 100, PLANO TX 75075 |
Keith R Halls | director | 75 W CENTER ST, PROVO UT 84601 |
Kip Hughes Allison | director | 7200 DALLAS PKWY, #2322, PLANO TX 75024 |
John Thatch | director, officer: PRESIDENT, CEO | C/O SHARING SERVICES, INC., 1701 COIT ROAD, SUITE 100, PLANO TX 75075 |
Bear Bull Market Dividends, Inc. | 10 percent owner | 600 ANTON BLVD. 11TH FLOOR, COSTA MESA CA 92626 |
Alchemist Holdings Llc | 10 percent owner | 1415 LEGACY DRIVE, SUITE 310, FRISCO TX 75034 |
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