Changzhou Shine Science and Technology Co (BJSE:834950) Financial Strength : 10 (As of Mar. 2024)

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What is Changzhou Shine Science and Technology Co Financial Strength?

Changzhou Shine Science and Technology Co has the Financial Strength Rank of 10. It shows strong financial strength and is unlikely to fall into distressed situations.

Good Sign:

Changzhou Shine Science and 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.

Changzhou Shine Science and Technology Co's Interest Coverage for the quarter that ended in Mar. 2024 was 2,917.25. Changzhou Shine Science and Technology Co's debt to revenue ratio for the quarter that ended in Mar. 2024 was 0.00. As of today, Changzhou Shine Science and Technology Co's Altman Z-Score is 10.14.

Competitive Comparison of Changzhou Shine Science and Technology Co's Financial Strength

For the Tools & Accessories subindustry, Changzhou Shine Science and 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.

Changzhou Shine Science and Technology Co's Financial Strength Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Changzhou Shine Science and Technology Co's Financial Strength distribution charts can be found below:

* The bar in red indicates where Changzhou Shine Science and Technology Co's Financial Strength falls into.

Changzhou Shine Science and 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:

Changzhou Shine Science and 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 ¥11.7 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0.5 Mil.

Changzhou Shine Science and Technology Co's Interest Coverage for the quarter that ended in Mar. 2024 is

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	11.669	/	-0.004
	=	2,917.25

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. Changzhou Shine Science and 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.

Changzhou Shine Science and Technology Co's Debt to Revenue Ratio for the quarter that ended in Mar. 2024 is

Debt to Revenue Ratio	=	Total Debt (Q: Mar. 2024 )			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(0	+	0.497)	/	202.432
	=	0.00

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.

Changzhou Shine Science and Technology Co has a Z-score of 10.14, indicating it is in Safe Zones. This implies the Z-Score is strong.

Good Sign:

Altman Z-score of 10.14 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.

Changzhou Shine Science and Technology Co (BJSE:834950) 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.

Changzhou Shine Science and Technology Co has the Financial Strength Rank of 10. It shows strong financial strength and is unlikely to fall into distressed situations.

Changzhou Shine Science and Technology Co Financial Strength Related Terms

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Changzhou Shine Science and Technology Co (BJSE:834950) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Changzhou Shine Science and Technology Co Ltd (BJSE:834950) » Definitions » Financial Strength

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 318, Wuyi Road, Changzhou Economic Development Zone, Jiangsu Province, Changzhou City, CHN, 213025

Website

https://www.shine-xunan.com

Changzhou Shine Science and Technology Co Ltd is engaged in the research, development, and production of automatic darkening welding helmets and powered air-purifying respirators and accessories in China.

Changzhou Shine Science and Technology Co (BJSE:834950) Headlines

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