What is European Institute of Science AB Financial Strength?
European Institute of Science AB has the Financial Strength Rank of 8. It shows strong financial strength and is unlikely to fall into distressed situations.
Good Sign:
European Institute of Science AB 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.
European Institute of Science AB has no long-term debt (1).
European Institute of Science AB's debt to revenue ratio for the quarter that ended in Mar. 2024 was 0.00.
As of today, European Institute of Science AB's Altman Z-Score is -4.16.
(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
Competitive Comparison of European Institute of Science AB's Financial Strength
For the Medical Instruments & Supplies subindustry, European Institute of Science AB'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.
European Institute of Science AB's Financial Strength Distribution in the Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, European Institute of Science AB's Financial Strength distribution charts can be found below:
* The bar in red indicates where European Institute of Science AB's Financial Strength falls into.
European Institute of Science AB 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:
European Institute of Science AB's Interest Expense for the
months ended in Mar. 2024 was kr0.00 Mil. Its Operating Income for the
months ended in Mar. 2024 was kr-0.69 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr0.00 Mil.
European Institute of Science AB's Interest Coverage for the quarter that ended in Mar. 2024 is
| European Institute of Science AB had no long-term debt (1). |
The higher the ratio, the stronger the company's financial strength is.
Good Sign:
European Institute of Science AB has no debt.
2. Debt to revenue ratio. The lower, the better.
European Institute of Science AB'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.
European Institute of Science AB has a Z-score of -4.16, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
Warning Sign:
Altman Z-score of -4.16 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.
European Institute of Science AB (XSAT:EURI B) Business Description
Traded in Other Exchanges
N/A
Address
Scheelevägen 27, 4th Floor, Lund, SWE, 223 63
European Institute of Science AB is a manufacturer of diagnostic assays for the clinical laboratory and point-of-care settings, as well as, point-of-care instrumentation for diagnostic applications. It focuses on veterinary health, and provides diagnostic assays and instrumentation for canine, feline and equine animals.
European Institute of Science AB (XSAT:EURI B) Headlines
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