What is ITD Cementation India Financial Strength?
ITD Cementation India has the Financial Strength Rank of 6.
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.
ITD Cementation India's Interest Coverage for the quarter that ended in Dec. 2023 was 2.57.
ITD Cementation India's debt to revenue ratio for the quarter that ended in Dec. 2023 was 0.00.
As of today, ITD Cementation India's Altman Z-Score is 2.61.
Competitive Comparison of ITD Cementation India's Financial Strength
For the Engineering & Construction subindustry, ITD Cementation India'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.
ITD Cementation India's Financial Strength Distribution in the Construction Industry
For the Construction industry and Industrials sector, ITD Cementation India's Financial Strength distribution charts can be found below:
* The bar in red indicates where ITD Cementation India's Financial Strength falls into.
ITD Cementation India 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:
ITD Cementation India's Interest Expense for the
months ended in Dec. 2023 was ₹-580 Mil. Its Operating Income for the
months ended in Dec. 2023 was ₹1,487 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0 Mil.
ITD Cementation India's Interest Coverage for the quarter that ended in Dec. 2023 is
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
ITD Cementation India'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.
ITD Cementation India has a Z-score of 2.61, indicating it is in Grey Zones. This implies that ITD Cementation India is in some kind of financial stress. If it is below 1.81, the company may faces bankrupcy risk.
Warning Sign:
Altman Z-score of 2.61 is in the grey area. This implies that the company is under some kind of financial stress. If it is below 1.8, the company may face bankruptcy risk.
* 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.
ITD Cementation India (BOM:509496) Business Description
Traded in Other Exchanges
Address
Gate No. 5, Saki Vihar Road, 9th Floor, Prima Bay, Tower - B, Powai, Mumbai, MH, IND, 400072
ITD Cementation India Ltd is an India-based company involved in construction and civil engineering. It is engaged in the construction of a range of structures, which include maritime structures, mass rapid transport systems (MRTS), dams and tunnels, airports, highways, bridges and flyovers, and other foundations and specialist engineering work. The company's revenue comes from construction and civil engineering activities. The company's operational areas include maritime structures, such as the construction of jetties, dolphins, quays, berths on concrete and steel piles, ship lift, dry dock, wet basic and service platforms, dredging, and reclamation works for ports, and construction of ship lift and among others.
ITD Cementation India (BOM:509496) Headlines
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