ZoomAway Technologies Inc
XTSX:ZMA

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ZoomAway Technologies Inc Logo
ZoomAway Technologies Inc
XTSX:ZMA
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Price: 0.07 CAD Market Closed
Market Cap: 1.4m CAD

Bankruptcy Probability

ZoomAway Technologies Inc's probability of bankruptcy is 16.4%, signalling a meaningful chance of default. The solvency score is 21/100 — a sign of moderate financial strength.

We take all the information about a company's solvency (such as how easily a company can pay interest on its outstanding debt, how much cash it has, the amount of debt, and more) and use it to estimate the probability of bankruptcy.

Very High
Probability of Bankruptcy

Financial Position

A solvent company is one that owns more than it owes. Comparing the amount of cash and investments with existing debt gives an idea of the company's long-term financial health.

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Cash & ST Investments
+
3Y
-19%
5Y
+6 213%
10Y
-44%
Long-Term Investments
+
3Y
-
5Y
-
10Y
-
Debt
+
3Y
-
5Y
-
10Y
-

Interest Coverage

To determine how easily a company can pay interest on its outstanding debt, the Interest Coverage ratio is used. It represents how many times the company can pay its obligations using its operating income.

The lower the ratio, the more the company is burdened by debt expenses. When a company's interest coverage ratio is only 1.5 or lower, its ability to meet interest expenses may be questionable.

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All Solvency Ratios

Other solvency & liquidity ratios which help to assess the company’s capacity to stay afloat.

Is ZoomAway Technologies Inc at risk of bankruptcy?

ZoomAway Technologies Inc's probability of bankruptcy is 16.4%, signalling a meaningful chance of default.

The probability of bankruptcy is estimated using credit risk models that assess its financial health, debt levels, interest coverage, and other solvency indicators.

How much debt does ZoomAway Technologies Inc have?

As of the latest report, ZoomAway Technologies Inc has no debt.

You can find a full breakdown on its Balance Sheet.

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