What is Ionix Technology Financial Strength?
Ionix Technology 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.
Ionix Technology did not have earnings to cover the interest expense.
Ionix Technology's debt to revenue ratio for the quarter that ended in Mar. 2022 was 0.31.
As of today, Ionix Technology's Altman Z-Score is 0.00.
Competitive Comparison of Ionix Technology's Financial Strength
For the Electronic Components subindustry, Ionix Technology'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.
Ionix Technology's Financial Strength Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Ionix Technology's Financial Strength distribution charts can be found below:
* The bar in red indicates where Ionix Technology's Financial Strength falls into.
Ionix Technology 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:
Ionix Technology's Interest Expense for the
months ended in Mar. 2022 was $-0.18 Mil. Its Operating Income for the
months ended in Mar. 2022 was $-0.27 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2022 was $0.00 Mil.
Ionix Technology's Interest Coverage for the quarter that ended in Mar. 2022 is
| Ionix Technology 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.
Ionix Technology's Debt to Revenue Ratio for the quarter that ended in Mar. 2022 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.
Ionix Technology 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.
Ionix Technology (Ionix Technology) Business Description
Traded in Other Exchanges
N/A
Address
No. 50 People Road, Room 608. Block B, Times Square, Zhongshan District, Liaoning Province, Dalian, CHN, 116001
Ionix Technology Inc in association with its subsidiaries, designs, develops and sells lithium batteries. These batteries are used in consumer electronic devices such as computers and mobile devices, electric vehicles, and storage applications. Its segments include SmartEnergy, Photoelectric Display, Smart energy and Service Contracts, of which the majority of the revenue comes from the Photoelectric Display segment which derives its revenue from the sales of LCM(Liquid Crystal Module) and LCD(Liquid Crystal Display) screens manufactured for small devices such as video capable baby monitors, and electronic devices. All of its revenues come from China.
Executives
| Yanli Wang |
director |
NO. 50 PEOPLE ROAD, RM 608, BLOCK B, TIMES SQUARE, DALIAN CITY F4 116001 |
| Xiaolin Wei |
director |
NO. 50 PEOPLE ROAD, RM 608, BLOCK B, TIMES SQUARE, DALIAN CITY F4 116001 |
| Yongping Wang |
director |
NO. 50 PEOPLE ROAD, RM 608, BLOCK B, TIMES SQUARE, DALIAN CITY F4 116001 |
| Yang Yan |
officer: President and Treasurer |
NO. 50 PEOPLE ROAD, RM 608, BLOCK B, TIMES SQUARE, DALIAN CITY F4 116001 |
| Yubao Liu |
director, 10 percent owner |
NO.122, ZU 9, HONGGUANG COMMUNITY, XIANGYANG DISTRICT, JIAMUSI, HEILONGJIANG F4 154000 |
| Shuyu Li |
officer: President, Treasurer |
ROOM 608, BLOCK B,NO.50 RENMIN ROAD,, ZHONGSHAN DISTRICT, DALIAN F4 116001 |
| Long Xie |
officer: Secretary of the Company |
NO.33,1-502 ROOM,HAIWAN STREET,, SHAHEKOU DISTRICT, DALIAN F4 116023 |
| Zhenyu Wang |
director |
NO.9#22 GONGJIAN COMMUNITY,, QIANJIN DISTRICT,, JIAMUSI CITY,HEILONGJIANG PROV F4 154000 |
| Cheng Li |
director |
NO.49, GROUP 3, YUCAI COMMUNITY, XIANGYANG DISTRICT, JIAMUSI, HEILONGJIANG PROVINCE F4 154000 |
| Hui Zhang |
director |
NO.88, 501,NANHE ST, SHAHEKOU DISTRICT, DALIAN CITY, LIAONING PROVINCE F4 116000 |
| Qinghua Shi |
director |
NO.43, 6-4-1, ANSHAN ROAD, XIGANG DISTRICT, DALIAN, LIAONING PROVINCE F4 116000 |
| Anthony Vincent Saviano |
director |
30 N. GOULD ST., STE R.,, SHERIDAN, WY 82801 |
| Yongsheng Fu |
director |
NO.97, GROUP 10, YONGTAI COMMUNITY, XIANGYANG DISTRICT,, JIAMUSI, HEILONGJIANG PROVINCE F4 154000 |
| Jialin Liang |
director |
NO.777 HAIAN ROAD, JILIN PROVINCE, CHANGCHUN CITY F4 130000 |
| Bailiang Yang |
director, officer: Chairman of the Board of Dir. |
NO. 279, ZHONGNAN RD, ZHONGSHAN DIST., DALIAN, LIAONING F4 116015 |
Ionix Technology (Ionix Technology) Headlines
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