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Premia Real Estate Investment Co Societe Anonyme (ATH:PREMIA) Financial Strength : 2 (As of Jun. 2024)


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What is Premia Real Estate Investment Co Societe Anonyme Financial Strength?

Premia Real Estate Investment Co Societe Anonyme has the Financial Strength Rank of 2. It displays poor financial strength and is likely in financial distress. Usually this is caused by too much debt for the company.

Warning Sign:

Premia Real Estate Investment Co Societe Anonyme 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 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.

GuruFocus does not calculate Premia Real Estate Investment Co Societe Anonyme's interest coverage with the available data. As of today, Premia Real Estate Investment Co Societe Anonyme's Altman Z-Score is 0.74.


Competitive Comparison of Premia Real Estate Investment Co Societe Anonyme's Financial Strength

For the Real Estate - Development subindustry, Premia Real Estate Investment Co Societe Anonyme'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.


Premia Real Estate Investment Co Societe Anonyme's Financial Strength Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Premia Real Estate Investment Co Societe Anonyme's Financial Strength distribution charts can be found below:

* The bar in red indicates where Premia Real Estate Investment Co Societe Anonyme's Financial Strength falls into.


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Premia Real Estate Investment Co Societe Anonyme 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:

Premia Real Estate Investment Co Societe Anonyme's Interest Expense for the months ended in Jun. 2024 was €0.00 Mil. Its Operating Income for the months ended in Jun. 2024 was €0.00 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was €209.73 Mil.

Premia Real Estate Investment Co Societe Anonyme's Interest Coverage for the quarter that ended in Jun. 2024 is

GuruFocus does not calculate Premia Real Estate Investment Co Societe Anonyme's interest coverage with the available data.

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. Premia Real Estate Investment Co Societe Anonyme interest coverage is 1.36, which is low.

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

Premia Real Estate Investment Co Societe Anonyme's Debt to Revenue Ratio for the quarter that ended in Jun. 2024 is

Debt to Revenue Ratio=Total Debt (Q: Jun. 2024 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(4.548 + 209.73) / 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.

Premia Real Estate Investment Co Societe Anonyme has a Z-score of 0.74, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.

Warning Sign:

Altman Z-score of 0.74 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.


Premia Real Estate Investment Co Societe Anonyme  (ATH:PREMIA) Financial Strength Explanation

The rank is rated on a scale of 1 to 10. 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.

Premia Real Estate Investment Co Societe Anonyme has the Financial Strength Rank of 2. It displays poor financial strength and is likely in financial distress. Usually this is caused by too much debt for the company.


Premia Real Estate Investment Co Societe Anonyme Financial Strength Related Terms

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Premia Real Estate Investment Co Societe Anonyme Business Description

Traded in Other Exchanges
N/A
Address
59, Vasilissis Sofias Avenue, P.C., Athens, GRC, 11521
Premia Real Estate Investment Co Societe Anonyme engages in the development of real estate properties. Operating segments of the company are 1) Commercial property which includes commercial real estates (big-boxes, super market, office buildings) as well as plots for future exploitation. 2) Industrial Buildings: includes warehouse buildings (logistics), other properties with industrial use as well as wineries along with their vineyards. 3) Serviced apartments which includes buildings that function as serviced apartments including student dormitories. 4) Social buildings which y includes social buildings in the field of education (schools), including schools managed through PPPs. Key revenue is generated from Industrial Buildings.

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