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Zoned Properties (Zoned Properties) Financial Strength : 4 (As of Dec. 2023)


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What is Zoned Properties Financial Strength?

Zoned Properties 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.

Zoned Properties's Interest Coverage for the quarter that ended in Dec. 2023 was 0.41. Zoned Properties's debt to revenue ratio for the quarter that ended in Dec. 2023 was 2.88. As of today, Zoned Properties's Altman Z-Score is -0.60.


Competitive Comparison of Zoned Properties's Financial Strength

For the Real Estate Services subindustry, Zoned Properties'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.


Zoned Properties's Financial Strength Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Zoned Properties's Financial Strength distribution charts can be found below:

* The bar in red indicates where Zoned Properties's Financial Strength falls into.



Zoned Properties 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:

Zoned Properties's Interest Expense for the months ended in Dec. 2023 was $-0.16 Mil. Its Operating Income for the months ended in Dec. 2023 was $0.06 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $8.15 Mil.

Zoned Properties's Interest Coverage for the quarter that ended in Dec. 2023 is

Interest Coverage=-1*Operating Income (Q: Dec. 2023 )/Interest Expense (Q: Dec. 2023 )
=-1*0.064/-0.158
=0.41

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

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

Zoned Properties'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
=(0 + 8.145) / 2.824
=2.88

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.

Zoned Properties has a Z-score of -0.60, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.

Warning Sign:

Altman Z-score of -0.6 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.


Zoned Properties  (OTCPK:ZDPY) 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.

Zoned Properties has the Financial Strength Rank of 4.


Zoned Properties Financial Strength Related Terms

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


Zoned Properties (Zoned Properties) Business Description

Traded in Other Exchanges
N/A
Address
8360 E. Raintree Drive, Suite 230, Scottsdale, AZ, USA, 85260
Zoned Properties Inc is a strategic real estate development company, whose primary mission is to identify, develop, and lease sophisticated, safe, and sustainable properties in emerging industries, including the licensed medical marijuana industry. The company acquires commercial properties that face zoning challenges and identifies solutions that can potentially have a majority impact on the cash flow and property value. It targets commercial properties that can be acquired and re-zoned for specific purposes.
Executives
Bryan Mclaren director, officer: CEO & President C/O ZONED PROPERTIES, INC., 14300 N. NORTHSIGHT BLVD., #208, SCOTTSDALE AZ 85260
Derek Overstreet director C/O ZONED PROPERTIES, INC., 14269 N. 87TH STREET #205, SCOTTSDALE AZ 85260
Daniel Ryan Gauthier officer: Chief Legal Officer & CCO 8360 E. RAINTREE DRIVE, #230, SCOTTSDALE AZ 85260
Art Friedman director C/O ZONED PROPERTIES, INC., 14300 N. NORTHSIGHT BLVD.,#208,, SCOTTSDALE AZ 85260
Berekk Alan Blackwell officer: Chief Operating Officer C/O ZONED PROPERTIES, INC., 14269 N. 87TH STREET, #205, SCOTTSDALE AZ 85260
Jody Kevin Kane director 92 VALLEY ROAD, WEST HARRISION NY 10604
David G. Honaman director C/O ZONED PROPERTIES, INC., 14300 N. NORTHSIGHT BLVD., #208, SCOTTSDALE AZ 85260
Adam C Wasserman officer: Chief Financial Officer 1643 ROYAL GROVE WAY, WESTON FL 33327
Irvin Rosenfeld director C/O ZONED PROPERTIES, INC., 14300 N. NORTHSIGHT BLVD., #208, SCOTTSDALE AZ 85260
Alan B. Abrams 10 percent owner 2286 E. WALKER RD, PRESCOTT AZ 86303
Christopher Carra 10 percent owner 8880 E FRIESS, SCOTTSDALE AZ 85260
Greg Johnston 10 percent owner 915 STITCH RD., LAKE STEVENS WA 98258
Alex Mclaren director C/O ZONED PROPERTIES, INC., 14300 N. NORTHSIGHT BLVD., #208, SCOTTSDALE AZ 85260
Patricia Haugland officer: Chief Operating Officer C/O ZONED PROPERTIES, INC., 14300 N. NORTHSIGHT BLVD., #208, SCOTTSDALE AZ 85260
Christopher Michael Anzalone director, 10 percent owner, officer: President and CEO 6301 NW 5TH WAY, SUITE 5000, FT. LAUDERDALE FL 33309