What is China Rare Earth Resources & Technology Co Financial Strength?
China Rare Earth Resources & Technology Co has the Financial Strength Rank of 10. It shows strong financial strength and is unlikely to fall into distressed situations.
Good Sign:
China Rare Earth Resources & Technology Co Ltd 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.
China Rare Earth Resources & Technology Co did not have earnings to cover the interest expense.
China Rare Earth Resources & Technology Co's debt to revenue ratio for the quarter that ended in Mar. 2024 was 0.09.
As of today, China Rare Earth Resources & Technology Co's Altman Z-Score is 46.46.
Competitive Comparison of China Rare Earth Resources & Technology Co's Financial Strength
For the Specialty Chemicals subindustry, China Rare Earth Resources & Technology 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.
China Rare Earth Resources & Technology Co's Financial Strength Distribution in the Chemicals Industry
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:
China Rare Earth Resources & Technology Co did not have earnings to cover the interest expense.
The higher the ratio, the stronger the company's financial strength is.
Good Sign:
Ben Graham prefers companies' interest coverage to be at least 5. China Rare Earth Resources & Technology Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.
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.
China Rare Earth Resources & Technology Co has a Z-score of 46.46, indicating it is in Safe Zones. This implies the Z-Score is strong.
Good Sign:
Altman Z-score of 46.46 is strong.
* 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.
China Rare Earth Resources & Technology Co (SZSE:000831) 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.
China Rare Earth Resources & Technology Co has the Financial Strength Rank of 10. It shows strong financial strength and is unlikely to fall into distressed situations.
China Rare Earth Resources & Technology Co Financial Strength Related Terms
Thank you for viewing the detailed overview of China Rare Earth Resources & Technology Co's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.
China Rare Earth Resources & Technology Co (SZSE:000831) Business Description
China Rare Earth Resources & Technology Co Ltd is principally engaged in the production and sales of rare earth oxides. It is mainly engaged in the operation and trade of rare earth oxides, rare earth metals and rare earth deep processing products, as well as rare earth technology research and development and consulting services. The company's leading product include high-purity single rare earth oxides and rare earth co-precipitate products. Geographically activities are carried out through China.
China Rare Earth Resources & Technology Co (SZSE:000831) Headlines
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
SZSE:000831 has been successfully added to your