What is China Shun Ke Long Holdings Financial Strength?
China Shun Ke Long Holdings has the Financial Strength Rank of 5.
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.
China Shun Ke Long Holdings did not have earnings to cover the interest expense.
China Shun Ke Long Holdings's debt to revenue ratio for the quarter that ended in Dec. 2023 was 0.14.
As of today, China Shun Ke Long Holdings's Altman Z-Score is 2.71.
Competitive Comparison of China Shun Ke Long Holdings's Financial Strength
For the Grocery Stores subindustry, China Shun Ke Long Holdings'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.
China Shun Ke Long Holdings's Financial Strength Distribution in the Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, China Shun Ke Long Holdings's Financial Strength distribution charts can be found below:
* The bar in red indicates where China Shun Ke Long Holdings's Financial Strength falls into.
China Shun Ke Long Holdings 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:
China Shun Ke Long Holdings's Interest Expense for the
months ended in Dec. 2023 was HK$-2.1 Mil. Its Operating Income for the
months ended in Dec. 2023 was HK$-14.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$49.0 Mil.
China Shun Ke Long Holdings's Interest Coverage for the quarter that ended in Dec. 2023 is
| China Shun Ke Long Holdings did not have earnings to cover the interest expense. |
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
China Shun Ke Long Holdings'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.
China Shun Ke Long Holdings has a Z-score of 2.71, indicating it is in Grey Zones. This implies that China Shun Ke Long Holdings 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 2.71 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.
China Shun Ke Long Holdings (HKSE:00974) Business Description
Traded in Other Exchanges
N/A
Address
No. 60 Hebin North Road, Huale Building, Floor 3, Lecong Town, Shunde District, Guangdong Province, Foshan, CHN, 528315
China Shun Ke Long Holdings Limited is a Hong Kong-based investment holding company principally engaged in the operation of retail outlets. The Company operates through two segments. Retail Outlet Operation segment is engaged in the operation of Shun Ke Long supermarkets and hypermarkets in Guangzhou, Foshan, Zhaoqing, and Zhuhai, among others. This segment also leases out part of its retail outlets to generate rental income. It also sells consumer goods through online shops. The wholesale Distribution segment is engaged in the wholesale distribution of goods. The Company mainly operates businesses in China and Macau.
China Shun Ke Long Holdings (HKSE:00974) Headlines
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