What is Million Hope Industries Holdings Financial Strength?
Million Hope Industries Holdings has the Financial Strength Rank of 9. It shows strong financial strength and is unlikely to fall into distressed situations.
Good Sign:
Million Hope Industries Holdings Ltd 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.
Million Hope Industries Holdings's Interest Coverage for the quarter that ended in Sep. 2023 was 14.52.
Million Hope Industries Holdings's debt to revenue ratio for the quarter that ended in Sep. 2023 was 0.00.
As of today, Million Hope Industries Holdings's Altman Z-Score is 2.43.
Competitive Comparison of Million Hope Industries Holdings's Financial Strength
For the Building Products & Equipment subindustry, Million Hope Industries 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.
Million Hope Industries Holdings's Financial Strength Distribution in the Construction Industry
For the Construction industry and Industrials sector, Million Hope Industries Holdings's Financial Strength distribution charts can be found below:
* The bar in red indicates where Million Hope Industries Holdings's Financial Strength falls into.
Million Hope Industries 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:
Million Hope Industries Holdings's Interest Expense for the
months ended in Sep. 2023 was HK$-1.2 Mil. Its Operating Income for the
months ended in Sep. 2023 was HK$17.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$0.1 Mil.
Million Hope Industries Holdings's Interest Coverage for the quarter that ended in Sep. 2023 is
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
Million Hope Industries Holdings's Debt to Revenue Ratio for the quarter that ended in Sep. 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.
Million Hope Industries Holdings has a Z-score of 2.43, indicating it is in Grey Zones. This implies that Million Hope Industries 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 2.43 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.
Million Hope Industries Holdings (HKSE:01897) Business Description
Traded in Other Exchanges
N/A
Address
3 On Kwan Street, Office A, 20th Floor, Kings Wing Plaza 1, Shek Mum, Shatin, New Territories, Hong Kong, HKG
Million Hope Industries Holdings Ltd and its subsidiaries are engaged in designing, supplying and installation of facade and curtain wall systems, with a focus on curtain walls, aluminum windows and doors. The company provides design, supply and installation services for curtain walls, aluminium windows and doors on both new and existing buildings, and works with customers and architects to offer tailor-made designs and products to suit the project requirements. The principal customers are the main contractors and property developers. Geographically, the group has a business presence in Hong Kong, Mainland China and Others, of which prime revenue is generated from Hong Kong.
Executives
Million Hope Industries Holdings (HKSE:01897) Headlines
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