What is Zhuhai Ltech Technology Co Financial Strength?
Zhuhai Ltech Technology Co has the Financial Strength Rank of 10. It shows strong financial strength and is unlikely to fall into distressed situations.
Good Sign:
Zhuhai Ltech 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.
Zhuhai Ltech Technology Co's Interest Coverage for the quarter that ended in Mar. 2024 was 7,634.00.
Zhuhai Ltech Technology Co's debt to revenue ratio for the quarter that ended in Mar. 2024 was 0.00.
As of today, Zhuhai Ltech Technology Co's Altman Z-Score is 10.48.
Competitive Comparison of Zhuhai Ltech Technology Co's Financial Strength
For the Electrical Equipment & Parts subindustry, Zhuhai Ltech 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.
Zhuhai Ltech Technology Co's Financial Strength Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Zhuhai Ltech Technology Co's Financial Strength distribution charts can be found below:
* The bar in red indicates where Zhuhai Ltech Technology Co's Financial Strength falls into.
Zhuhai Ltech Technology 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:
Zhuhai Ltech Technology Co's Interest Expense for the
months ended in Mar. 2024 was ¥-0.0 Mil. Its Operating Income for the
months ended in Mar. 2024 was ¥7.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0.0 Mil.
Zhuhai Ltech Technology 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.
Good Sign:
Ben Graham prefers companies' interest coverage to be at least 5. Zhuhai Ltech Technology Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.
2. Debt to revenue ratio. The lower, the better.
Zhuhai Ltech Technology 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.
Zhuhai Ltech Technology Co has a Z-score of 10.48, indicating it is in Safe Zones. This implies the Z-Score is strong.
Good Sign:
Altman Z-score of 10.48 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.
Zhuhai Ltech Technology Co (BJSE:832110) Business Description
Traded in Other Exchanges
N/A
Address
No. 3, Pingdong 6th Road, 2nd Floor, Building 15, Nanping Science and Technology Industrial Park,, Xiangzhou District, Guangdong Province, Zhuhai City, CHN, 519060
Zhuhai Ltech Technology Co Ltd operates as a developer in the field of intelligent LED lighting control in China. It manufactures LED lighting control systems. developed three hardware product lines LED Lighting Control System, Intelligent LED Driver, and Smart Home, meeting the demands of smart scenes for lighting enterprises, commercial space, and residential homes.
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