What is Sharjah Cement & Industrial Development Co Financial Strength?
Sharjah Cement & Industrial Development Co has the Financial Strength Rank of 5.
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.
Sharjah Cement & Industrial Development Co's Interest Coverage for the quarter that ended in Mar. 2024 was 0.79.
Sharjah Cement & Industrial Development Co's debt to revenue ratio for the quarter that ended in Mar. 2024 was 0.69.
As of today, Sharjah Cement & Industrial Development Co's Altman Z-Score is 1.53.
Competitive Comparison of Sharjah Cement & Industrial Development Co's Financial Strength
For the Conglomerates subindustry, Sharjah Cement & Industrial Development 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.
Sharjah Cement & Industrial Development Co's Financial Strength Distribution in the Conglomerates Industry
For the Conglomerates industry and Industrials sector, Sharjah Cement & Industrial Development Co's Financial Strength distribution charts can be found below:
* The bar in red indicates where Sharjah Cement & Industrial Development Co's Financial Strength falls into.
Sharjah Cement & Industrial Development 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:
Sharjah Cement & Industrial Development Co's Interest Expense for the
months ended in Mar. 2024 was د.إ-8.3 Mil. Its Operating Income for the
months ended in Mar. 2024 was د.إ6.5 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was د.إ125.2 Mil.
Sharjah Cement & Industrial Development 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.
Sharjah Cement & Industrial Development 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.
Sharjah Cement & Industrial Development Co has a Z-score of 1.53, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
Warning Sign:
Altman Z-score of 1.53 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.
Sharjah Cement & Industrial Development Co (ADX:SCIDC) Business Description
Traded in Other Exchanges
N/A
Address
Bank Street, Al Hisn Tower, P.O. Box No. 2083, 14th Floor, Sharjah, ARE
Sharjah Cement & Industrial Development Co is engaged in the manufacturing and supply of cement, paper sacks, and plastic ropes. The Company invests its surplus funds in investment securities, private equities, and properties. The company operates from Sharjah, United Arab Emirates and sells its products within UAE and many other countries, including the Middle East, Africa, and Asia. The Company has two reportable segments, 1) Manufacturing segment includes cement, paper sacks and ropes products. 2) Investment segment includes investment and cash management for the company's own account. The investment segment is organised into two business units as follows: Investment and letting out properties in UAE and Investment in public and private equities and funds, majorly in GCC and Asia.
Sharjah Cement & Industrial Development Co (ADX:SCIDC) Headlines
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