What is Li Ming Development Construction Co Financial Strength?
Li Ming Development Construction Co has the Financial Strength Rank of 4.
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.
Li Ming Development Construction Co's Interest Coverage for the quarter that ended in Mar. 2024 was 13,524.55.
Li Ming Development Construction Co's debt to revenue ratio for the quarter that ended in Mar. 2024 was 0.65.
As of today, Li Ming Development Construction Co's Altman Z-Score is 2.35.
Competitive Comparison of Li Ming Development Construction Co's Financial Strength
For the Real Estate - Development subindustry, Li Ming Development Construction Co'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.
Li Ming Development Construction Co's Financial Strength Distribution in the Real Estate Industry
For the Real Estate industry and Real Estate sector, Li Ming Development Construction Co's Financial Strength distribution charts can be found below:
* The bar in red indicates where Li Ming Development Construction Co's Financial Strength falls into.
Li Ming Development Construction Co 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:
Li Ming Development Construction Co's Interest Expense for the
months ended in Mar. 2024 was NT$-0 Mil. Its Operating Income for the
months ended in Mar. 2024 was NT$298 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$2 Mil.
Li Ming Development Construction Co's Interest Coverage for the quarter that ended in Mar. 2024 is
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
Li Ming Development Construction Co's Debt to Revenue Ratio for the quarter that ended in Mar. 2024 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.
Li Ming Development Construction Co has a Z-score of 2.35, indicating it is in Grey Zones. This implies that Li Ming Development Construction Co 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 2.35 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.
Li Ming Development Construction Co (ROCO:6212) Business Description
Traded in Other Exchanges
N/A
Address
Gongdao 5th Road, 7th Floor, No. 419, Section 2, Hsinchu, TWN, 30069
Li Ming Development Construction Co Ltd is engaged in the development, leasing, and sale of residential and commercial buildings, as well as the wholesale and retail of construction materials. The company is also involved in landscape and interior design. It operates in one single segment that is the development of the property segment which is mainly engaged in the commissioning construction of residences and buildings and renting properties. It generates a vast majority of its revenues from the sales of lands and apartments.
Li Ming Development Construction Co (ROCO:6212) Headlines
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