What is Abhinav Capital Services Financial Strength?
Abhinav Capital Services has the Financial Strength Rank of 7.
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.
Abhinav Capital Services has no long-term debt (1).
Abhinav Capital Services's debt to revenue ratio for the quarter that ended in Dec. 2023 was 2.87.
As of today, Abhinav Capital Services's Altman Z-Score is 2.88.
(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 Abhinav Capital Services's Financial Strength
For the Credit Services subindustry, Abhinav Capital Services'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.
Abhinav Capital Services's Financial Strength Distribution in the Credit Services Industry
For the Credit Services industry and Financial Services sector, Abhinav Capital Services's Financial Strength distribution charts can be found below:
* The bar in red indicates where Abhinav Capital Services's Financial Strength falls into.
Abhinav Capital Services 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:
Abhinav Capital Services'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 ₹21.22 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0.00 Mil.
Abhinav Capital Services's Interest Coverage for the quarter that ended in Dec. 2023 is
| Abhinav Capital Services had no long-term debt (1). |
The higher the ratio, the stronger the company's financial strength is.
Good Sign:
Ben Graham prefers companies' interest coverage to be at least 5. Abhinav Capital Services Ltd has enough cash to cover all of its debt. Its financial situation is stable.
2. Debt to revenue ratio. The lower, the better.
Abhinav Capital Services'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.
Abhinav Capital Services has a Z-score of 2.88, indicating it is in Grey Zones. This implies that Abhinav Capital Services 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 2.88 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.
Abhinav Capital Services (BOM:532057) Business Description
Traded in Other Exchanges
N/A
Address
B 709, Express Zone, Western Express Highway South Side, Opposite Adani Electricity, Malad (East), Mumbai, MH, IND, 400097
Abhinav Capital Services Ltd is an India-based non-banking finance company. It is principally engaged in the business of financing loans. The company provides finance to companies, corporate bodies, and firms in advance, short-term loans, and other sources. In addition, it also invests in shares and securities. The company generates its revenue from the interest it receives on loans provided.
Abhinav Capital Services (BOM:532057) Headlines
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