What is Mfc-Nichada Thani Property Fund Financial Strength?
Mfc-Nichada Thani Property Fund has the Financial Strength Rank of 10. It shows strong financial strength and is unlikely to fall into distressed situations.
Good Sign:
Mfc-Nichada Thani Property Fund shows strong financial strength.
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.
Mfc-Nichada Thani Property Fund has no long-term debt (1).
Mfc-Nichada Thani Property Fund's debt to revenue ratio for the quarter that ended in Dec. 2023 was 0.00.
As of today, Mfc-Nichada Thani Property Fund's Altman Z-Score is 21.68.
(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
Competitive Comparison of Mfc-Nichada Thani Property Fund's Financial Strength
For the REIT - Residential subindustry, Mfc-Nichada Thani Property Fund'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.
Mfc-Nichada Thani Property Fund's Financial Strength Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Mfc-Nichada Thani Property Fund's Financial Strength distribution charts can be found below:
* The bar in red indicates where Mfc-Nichada Thani Property Fund's Financial Strength falls into.
Mfc-Nichada Thani Property Fund 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:
Mfc-Nichada Thani Property Fund's Interest Expense for the
months ended in Dec. 2023 was ฿0.00 Mil. Its Operating Income for the
months ended in Dec. 2023 was ฿4.83 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ฿0.00 Mil.
Mfc-Nichada Thani Property Fund's Interest Coverage for the quarter that ended in Dec. 2023 is
| Mfc-Nichada Thani Property Fund had no long-term debt (1). |
The higher the ratio, the stronger the company's financial strength is.
Good Sign:
Mfc-Nichada Thani Property Fund has no debt.
2. Debt to revenue ratio. The lower, the better.
Mfc-Nichada Thani Property Fund's Debt to Revenue Ratio for the quarter that ended in Dec. 2023 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.
Mfc-Nichada Thani Property Fund has a Z-score of 21.68, indicating it is in Safe Zones. This implies the Z-Score is strong.
Good Sign:
Altman Z-score of 21.68 is strong.
* 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.
Mfc-Nichada Thani Property Fund (BKK:MNIT) Business Description
Traded in Other Exchanges
N/A
Address
Ratchadapisek Road, Ground Floor & 21st-23rd Floor, 199 Column Tower, Klongtoey, Bangkok, THA, 10110
Mfc-Nichada Thani Property Fund is a close-ended property fund with no maturity date. The fund's objective is to use the proceeds from the sale of investment units to invest in properties for residential buildings including land and private houses for a living, which is in Amphur Pakkred, Nonthaburi. It operates under one segment namely Rental of Properties in Thailand. The Fund has invested (freehold) in the Lakeshore-North Apartment Building - an apartment for rent, Lakeshore-West Apartment Building - an apartment for rent, Land with units of two-storeyed private houses of Raintree Residence Project and Land with units of two-storeyed private homes of Sunshine Place Project. All assets are located in the Nichada Thani Project.
Mfc-Nichada Thani Property Fund (BKK:MNIT) Headlines
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