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PT Estika Tata Tiara Tbk (ISX:BEEF) Financial Strength : 8 (As of Mar. 2024)


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What is PT Estika Tata Tiara Tbk Financial Strength?

PT Estika Tata Tiara Tbk has the Financial Strength Rank of 8. It shows strong financial strength and is unlikely to fall into distressed situations.

Good Sign:

PT Estika Tata Tiara Tbk 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.

PT Estika Tata Tiara Tbk's Interest Coverage for the quarter that ended in Mar. 2024 was 12.43. PT Estika Tata Tiara Tbk's debt to revenue ratio for the quarter that ended in Mar. 2024 was 0.22. As of today, PT Estika Tata Tiara Tbk's Altman Z-Score is 1.61.


Competitive Comparison of PT Estika Tata Tiara Tbk's Financial Strength

For the Packaged Foods subindustry, PT Estika Tata Tiara Tbk'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.


PT Estika Tata Tiara Tbk's Financial Strength Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, PT Estika Tata Tiara Tbk's Financial Strength distribution charts can be found below:

* The bar in red indicates where PT Estika Tata Tiara Tbk's Financial Strength falls into.



PT Estika Tata Tiara Tbk 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:

PT Estika Tata Tiara Tbk's Interest Expense for the months ended in Mar. 2024 was Rp-1,525 Mil. Its Operating Income for the months ended in Mar. 2024 was Rp18,964 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was Rp79,313 Mil.

PT Estika Tata Tiara Tbk's Interest Coverage for the quarter that ended in Mar. 2024 is

Interest Coverage=-1*Operating Income (Q: Mar. 2024 )/Interest Expense (Q: Mar. 2024 )
=-1*18963.732/-1525.106
=12.43

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

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

PT Estika Tata Tiara Tbk's Debt to Revenue Ratio for the quarter that ended in Mar. 2024 is

Debt to Revenue Ratio=Total Debt (Q: Mar. 2024 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(120216.411 + 79313.369) / 911684.856
=0.22

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.

PT Estika Tata Tiara Tbk has a Z-score of 1.61, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.

Warning Sign:

Altman Z-score of 1.61 is in distress zone. This implies bankruptcy 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.


PT Estika Tata Tiara Tbk  (ISX:BEEF) 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.

PT Estika Tata Tiara Tbk has the Financial Strength Rank of 8. It shows strong financial strength and is unlikely to fall into distressed situations.


PT Estika Tata Tiara Tbk Financial Strength Related Terms

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PT Estika Tata Tiara Tbk (ISX:BEEF) Business Description

Traded in Other Exchanges
N/A
Address
Jl. Jend. Sudirman Kav 52-53, Suite A, Sudirman Central Business District Lot 9, Equity Tower Lantai 22, Jakarta, IDN, 12190
PT Estika Tata Tiara Tbk is a beef producer. The company's operating segments include Distribution and sales; Food Processing and logistics. Distribution and sales sectors consist of the sale of live cattle, meat, and derived products from other cattle by the company and also the distribution and sales of processed food products either under conditions of cold fresh (chilled), or frozen by the company and PT DGI; Food processing sector from cow processed products by PT DGI; and Logistic sector by PT BMT. It derives revenue from the Distribution and Sales segment.

PT Estika Tata Tiara Tbk (ISX:BEEF) Headlines

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