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JSR (JSCPF) Financial Strength : 6 (As of Mar. 2024)


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What is JSR Financial Strength?

JSR has the Financial Strength Rank of 6.

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.

JSR did not have earnings to cover the interest expense. JSR's debt to revenue ratio for the quarter that ended in Mar. 2024 was 0.44. As of today, JSR's Altman Z-Score is 2.67.


Competitive Comparison of JSR's Financial Strength

For the Specialty Chemicals subindustry, JSR'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.


JSR's Financial Strength Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, JSR's Financial Strength distribution charts can be found below:

* The bar in red indicates where JSR's Financial Strength falls into.



JSR 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:

JSR's Interest Expense for the months ended in Mar. 2024 was $-7 Mil. Its Operating Income for the months ended in Mar. 2024 was $-62 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $544 Mil.

JSR's Interest Coverage for the quarter that ended in Mar. 2024 is

JSR 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.

JSR'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
=(651.488 + 543.758) / 2744.36
=0.44

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.

JSR has a Z-score of 2.67, indicating it is in Grey Zones. This implies that JSR 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 2.67 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.


JSR  (OTCPK:JSCPF) 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.

JSR has the Financial Strength Rank of 6.


JSR Financial Strength Related Terms

Thank you for viewing the detailed overview of JSR's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.


JSR (JSCPF) Business Description

Traded in Other Exchanges
Address
1-9-2 Higashi-Shimbashi, Shiodome Sumitomo Building, 22nd Floor, Minato-ku, Tokyo, JPN, 105-8640
JSR Group has four reportable segments, digital solutions, life sciences, elastomers, and plastics. Semiconductor materials and life sciences are the growth drivers for the company, while elastomers produces the greatest amount of revenue. Elastomers consists of synthetic rubbers, thermoplastic elastomers, and emulsions. Plastics includes synthetic resins including ABS resins, AES resins, among others. Digital solutions consists of semiconductor materials, display materials, and edge computing, whereas the life sciences business covers research and diagnostic reagents, bioprocess materials, and contract services.

JSR (JSCPF) Headlines

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Q1 2024 JSR Corp Earnings Presentation Transcript

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