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Easy Lease Motor Cycle Rental PRJSC (ADX:EASYLEASE) Financial Strength : 3 (As of . 20)


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What is Easy Lease Motor Cycle Rental PRJSC Financial Strength?

Easy Lease Motor Cycle Rental PRJSC has the Financial Strength Rank of 3. It displays poor financial strength and is likely in financial distress. Usually this is caused by too much debt for the company.

Warning Sign:

Easy Lease Motor Cycle Rental PRJSC displays poor financial strength. Usually, this is caused by too much debt for the company.

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.

Easy Lease Motor Cycle Rental PRJSC did not have earnings to cover the interest expense. As of today, Easy Lease Motor Cycle Rental PRJSC's Altman Z-Score is 0.00.


Competitive Comparison of Easy Lease Motor Cycle Rental PRJSC's Financial Strength

For the Rental & Leasing Services subindustry, Easy Lease Motor Cycle Rental PRJSC'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.


Easy Lease Motor Cycle Rental PRJSC's Financial Strength Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Easy Lease Motor Cycle Rental PRJSC's Financial Strength distribution charts can be found below:

* The bar in red indicates where Easy Lease Motor Cycle Rental PRJSC's Financial Strength falls into.



Easy Lease Motor Cycle Rental PRJSC 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:

Easy Lease Motor Cycle Rental PRJSC's Interest Expense for the months ended in . 20 was د.إ0.00 Mil. Its Operating Income for the months ended in . 20 was د.إ0.00 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in . 20 was د.إ0.00 Mil.

Easy Lease Motor Cycle Rental PRJSC's Interest Coverage for the quarter that ended in . 20 is

Easy Lease Motor Cycle Rental PRJSC had no long-term debt (1).

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

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

Easy Lease Motor Cycle Rental PRJSC's Debt to Revenue Ratio for the quarter that ended in . 20 is

Debt to Revenue Ratio=Total Debt (Q: . 20 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=( + ) / 0
=N/A

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.

Easy Lease Motor Cycle Rental PRJSC has a Z-score of 0.00, indicating it is in Distress Zones. This implies bankrupcy 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.


Easy Lease Motor Cycle Rental PRJSC  (ADX:EASYLEASE) 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.

Easy Lease Motor Cycle Rental PRJSC has the Financial Strength Rank of 3. It displays poor financial strength and is likely in financial distress. Usually this is caused by too much debt for the company.


Easy Lease Motor Cycle Rental PRJSC Financial Strength Related Terms

Thank you for viewing the detailed overview of Easy Lease Motor Cycle Rental PRJSC's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.


Easy Lease Motor Cycle Rental PRJSC (ADX:EASYLEASE) Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
Al Nouf Tower 1004, Deira, P.O. Box 333367, Dubai, ARE
Easy Lease Motor Cycle Rental PRJSC is engaged in the business of motorcycle leasing. It offers a full-service, all-in motorcycle lease where clients pay as they go and not worry about the hassles of maintenance, upkeep, and overheads.

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