A wide array of diversified financial service firms are featured in this sector with business lines ranging from investment management to commercial and investment banking. Among the companies included in the Index are JPMorgan Chase, Wells Fargo, and BankAmerica Corp.
Glossary F-K
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Financial Status Indicator
The Financial Status Indicator or FSI is a data element that denotes when a NASDAQ-listed issuer had failed to submit its regulatory filings on a timely basis, failed to meet NASDAQ's continuing listing standards, and/or filed for bankruptcy. Possible values for the FSI are as follows:
| Code | Description |
|---|---|
| D | Deficient: Issuer failed to meet NASDAQ continued Listing Requirements |
| E | Delinquent: Issuer missed regulatory filing deadline |
| Q | Bankrupt: Issuer has filed for bankruptcy |
| N | Normal (Default): Issue is not currently deficient, delinquent, or bankrupt |
| G | Deficient and bankrupt |
| H | Deficient and delinquent |
| J | Delinquent and bankrupt |
| K | Deficient, delinquent and bankrupt |
Forward P/E
This is calculated using the latest closing price of the stock divided by the latest earnings-per-share estimate as provided by Zacks Investment Research. In the first three quarters of a company's fiscal year we use the EPS estimate for the current fiscal year. Starting in the fourth quarter we use the next fiscal year estimate. The EPS estimate is the mean estimate of EPS growth, as derived from all polled estimates from Wall Street analysts.Back to Top
Free Cash Flow
Cash not required for operations or for reinvestment. Free cash flow is calculated by subtracting capital expenditures from cash flow. Capital expenditures include the purchase of new plant, property and equipment. Free cash flow can be used to pay dividends, buy back stock or pay off debt. The more the better.Back to Top
Interest Coverage
This ratio measures a firm's ability to pay interest on its debt. It is calculated by dividing net earnings before interest and taxes by the interest expense on bonds and other contractual long-term debt. A low coverage ratio can indicate a company is over-leveraged. A high ratio indicates a margin of safety from default.Back to Top
Inventory
The monetary value of a company's raw materials, work in process, supplies used in operations and finished goods. A company with excess inventory on its balance sheet could indicate a slow-down in sales and a lack of pricing power.Back to Top
