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Appollo Ispat Complex (DHA:APOLOISPAT) Financial Strength : 0 (As of Mar. 2019)


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What is Appollo Ispat Complex Financial Strength?

Appollo Ispat Complex has the Financial Strength Rank of 0.

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.

Appollo Ispat Complex's Interest Coverage for the quarter that ended in Mar. 2019 was 0.66. Appollo Ispat Complex's debt to revenue ratio for the quarter that ended in Mar. 2019 was 1.68. As of today, Appollo Ispat Complex's Altman Z-Score is 0.00.


Competitive Comparison of Appollo Ispat Complex's Financial Strength

For the Steel subindustry, Appollo Ispat Complex'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.


Appollo Ispat Complex's Financial Strength Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Appollo Ispat Complex's Financial Strength distribution charts can be found below:

* The bar in red indicates where Appollo Ispat Complex's Financial Strength falls into.



Appollo Ispat Complex 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:

Appollo Ispat Complex's Interest Expense for the months ended in Mar. 2019 was BDT-151 Mil. Its Operating Income for the months ended in Mar. 2019 was BDT99 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2019 was BDT1,400 Mil.

Appollo Ispat Complex's Interest Coverage for the quarter that ended in Mar. 2019 is

Interest Coverage=-1*Operating Income (Q: Mar. 2019 )/Interest Expense (Q: Mar. 2019 )
=-1*98.696/-150.673
=0.66

The higher the ratio, the stronger the company's financial strength is.

2. Debt to revenue ratio. The lower, the better.

Appollo Ispat Complex's Debt to Revenue Ratio for the quarter that ended in Mar. 2019 is

Debt to Revenue Ratio=Total Debt (Q: Mar. 2019 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(3239.237 + 1400.226) / 2755.236
=1.68

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.

Appollo Ispat Complex has a Z-score of 0.00, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.

* 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.


Appollo Ispat Complex  (DHA:APOLOISPAT) Financial Strength Explanation

The maximum rank is 10. Companies with rank 7 or higher will be unlikely to fall into distressed situations. Companies with rank of 3 or less are likely in financial distress.

Appollo Ispat Complex has the Financial Strength Rank of 0.


Appollo Ispat Complex Financial Strength Related Terms

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Appollo Ispat Complex (DHA:APOLOISPAT) Business Description

Traded in Other Exchanges
N/A
Address
407, Tejgaon Industrial Area, 4th Floor, Phoenix Tower, Dhaka, BGD, 1208
Appollo Ispat Complex Ltd manufactures and sells corrugated iron sheets in Bangladesh and internationally. It offers cold rolled coils; iron or steel galvanized sheets/coils; and ridges. The company's products are used for roofing of new factories, warehouses, and sheds in industrial applications; roofing cow sheds, the roofing and side fencing of poultry farms, and the fencing of agricultural projects; and roofing small shops, shutter as well as for fencing around the construction area.

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