What is Sierra Rutile Holdings Financial Strength?
Sierra Rutile Holdings has the Financial Strength Rank of 6.
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is rated on a scale of 1 to 10 and 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.
4. Other debt related ratios.
A higher score indicates a stronger financial position, with companies rated 7 or above considered financially stable and unlikely to face distress. Conversely, a score of 3 or below suggests potential financial difficulties, indicating a higher risk of distress.
Sierra Rutile Holdings has no long-term debt (1).
Sierra Rutile Holdings's debt to revenue ratio for the quarter that ended in Jun. 2024 was 0.00.
As of today, Sierra Rutile Holdings's Altman Z-Score is -1.60.
(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 Sierra Rutile Holdings's Financial Strength
For the Other Industrial Metals & Mining subindustry, Sierra Rutile Holdings'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.
Sierra Rutile Holdings's Financial Strength Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Sierra Rutile Holdings's Financial Strength distribution charts can be found below:
* The bar in red indicates where Sierra Rutile Holdings's Financial Strength falls into.
Sierra Rutile Holdings 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:
Sierra Rutile Holdings's Interest Expense for the
months ended in Jun. 2024 was A$0.0 Mil. Its Operating Income for the
months ended in Jun. 2024 was A$-21.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was A$0.0 Mil.
Sierra Rutile Holdings's Interest Coverage for the quarter that ended in Jun. 2024 is
| Sierra Rutile Holdings had no long-term debt (1). |
The higher the ratio, the stronger the company's financial strength is.
Warning Sign:
Ben Graham prefers companies' interest coverage to be at least 5. Sierra Rutile Holdings Ltd interest coverage is 1.27, which is low.
2. Debt to revenue ratio. The lower, the better.
Sierra Rutile Holdings's Debt to Revenue Ratio for the quarter that ended in Jun. 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.
Sierra Rutile Holdings has a Z-score of -1.60, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
Warning Sign:
Altman Z-score of -1.6 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.
Sierra Rutile Holdings Business Description
Traded in Other Exchanges
N/A
Address
225 Saint Georges Terrace, Level 8, Perth, WA, AUS, 6000
Sierra Rutile Holdings Ltd is a multi-mine operation straddling the Bonthe and Moyamba districts in southern Sierra Leone. It offers Standard Grade Rutile (SGR). Industrial Grade Rutile (IGR), High-grade ilmenite, and Zircon-in-concentrate (ZIC). Sierra Rutile's primary products serve end-use applications namely Pigment; Metal; and Welding end-use applications. Geographically, a majority of the company's revenue is generated from Asia and the rest from Europe, America, Africa, and the Middle East region.
Sierra Rutile Holdings Headlines
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