What is Safe & Green Development Financial Strength?
Safe & Green Development has the Financial Strength Rank of 1. It displays poor financial strength and is likely in financial distress. Usually this is caused by too much debt for the company.
Warning Sign:
Safe & Green Development Corp displays poor financial strength. Usually, this is caused by too much debt for the company.
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.
Safe & Green Development did not have earnings to cover the interest expense.
Safe & Green Development's debt to revenue ratio for the quarter that ended in Mar. 2024 was 33.78.
As of today, Safe & Green Development's Altman Z-Score is -2.92.
Competitive Comparison of Safe & Green Development's Financial Strength
For the Real Estate - Development subindustry, Safe & Green Development'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.
Safe & Green Development's Financial Strength Distribution in the Real Estate Industry
For the Real Estate industry and Real Estate sector, Safe & Green Development's Financial Strength distribution charts can be found below:
* The bar in red indicates where Safe & Green Development's Financial Strength falls into.
Safe & Green Development 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:
Safe & Green Development's Interest Expense for the
months ended in Mar. 2024 was $-0.57 Mil. Its Operating Income for the
months ended in Mar. 2024 was $-2.50 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.00 Mil.
Safe & Green Development's Interest Coverage for the quarter that ended in Mar. 2024 is
| Safe & Green Development 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.
Safe & Green Development'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.
Safe & Green Development has a Z-score of -2.92, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
Warning Sign:
Altman Z-score of -2.92 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.
Safe & Green Development (Safe & Green Development) Business Description
Traded in Other Exchanges
N/A
Address
990 Biscayne Blvd, Suite 501, Office 12, Miami, FL, USA, 33132
Safe & Green Development Corp is a real estate development company that focuses on the development of sites using purpose built, prefabricated modules built from both wood & steel, sourced from one of Safe & Green Holdings factories.
Executives
| Paul M. Galvin |
director |
C/O SG BLOCKS, INC., 400 MADISON AVENUE, SUITE 16C, NEW YORK NY 10017 |
| Christopher Melton |
director |
C/O SG BLOCKS, INC., 400 MADISON AVENUE, SUITE 16C, NEW YORK NY 10017 |
| Yaniv Blumenfeld |
director |
C/O SG BLOCKS, INC., 195 MONTAGUE STREET, 14TH FLOOR, BROOKLYN NY 11201 |
| J. Scott Magrane |
director |
C/O SG BLOCKS, INC., 400 MADISON AVENUE, SUITE 16C, NEW YORK NY 10017 |
| Jeffrey C. Tweedy |
director |
C/O ACADEMY SPORTS AND OUTDOORS, INC., 1800 NORTH MASON ROAD, KATY TX 77449 |
| David Roberto Villarreal |
director, officer: Chief Executive Officer |
17 STATE STREET, 19TH FLOOR, NEW YORK NY 10004 |
| Safe & Green Holdings Corp. |
director |
195 MONTAGUE STREET, 14TH FLOOR, BROOKLYN NY 11201 |
| Peter G. Demaria |
director |
990 BISCAYNE BLVD., #501, OFFICE 12, MIAMI FL 33132 |
| Alyssa L. Richardson |
director |
990 BISCAYNE BLVD., #501, OFFICE 12, MIAMI FL 33132 |
| Nicolai Ayrton Brune |
officer: Chief Financial Officer |
990 BISCAYNE BLVD., #501, OFFICE 12, MIAMI FL 33132 |
Safe & Green Development (Safe & Green Development) Headlines
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