What is Titanium Transportation Group Financial Strength?
Titanium Transportation Group has the Financial Strength Rank of 4.
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.
Titanium Transportation Group's Interest Coverage for the quarter that ended in Mar. 2024 was 0.10.
Titanium Transportation Group's debt to revenue ratio for the quarter that ended in Mar. 2024 was 0.42.
As of today, Titanium Transportation Group's Altman Z-Score is 1.81.
Competitive Comparison of Titanium Transportation Group's Financial Strength
For the Integrated Freight & Logistics subindustry, Titanium Transportation Group'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.
Titanium Transportation Group's Financial Strength Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, Titanium Transportation Group's Financial Strength distribution charts can be found below:
* The bar in red indicates where Titanium Transportation Group's Financial Strength falls into.
Titanium Transportation Group 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:
Titanium Transportation Group's Interest Expense for the
months ended in Mar. 2024 was C$-3.7 Mil. Its Operating Income for the
months ended in Mar. 2024 was C$0.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$137.5 Mil.
Titanium Transportation Group's Interest Coverage for the quarter that ended in Mar. 2024 is
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
Titanium Transportation Group'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.
Titanium Transportation Group has a Z-score of 1.81, indicating it is in Grey Zones. This implies that Titanium Transportation Group 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 1.81 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.
Titanium Transportation Group (TSX:TTNM) Business Description
Traded in Other Exchanges
Address
32 Simpson Road, Bolton, ON, CAN, L7E 1G9
Titanium Transportation Group Inc is assets-based transportation and logistics firm that provides services like truckload, dedicated, cross-border trucking services, freight logistics, warehousing, and distribution. The company operating segments namely, the Truck Transportation segment represents the pickup and delivery of full loads across Canada and the United States using a closed van, flatbed or other specialized equipment, and the logistics segment represents the brokering of freight across North America. Most of its revenue is earned through the Truck transportation segment. The group has a business presence in Canada and the United States.
Executives
| Vic De Zen |
Director or Senior Officer of 10% Security Holder |
|
Titanium Transportation Group (TSX:TTNM) Headlines
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