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Goldfine Manufacturers (BKK:GFM) Financial Strength : 0 (As of Sep. 2014)


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What is Goldfine Manufacturers Financial Strength?

Goldfine Manufacturers has the Financial Strength Rank of 0.

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.

Goldfine Manufacturers has no long-term debt (1). Goldfine Manufacturers's debt to revenue ratio for the quarter that ended in Sep. 2014 was 0.00. As of today, Goldfine Manufacturers's Altman Z-Score is 13.40.

(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 Goldfine Manufacturers's Financial Strength

For the Luxury Goods subindustry, Goldfine Manufacturers'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.


Goldfine Manufacturers's Financial Strength Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Goldfine Manufacturers's Financial Strength distribution charts can be found below:

* The bar in red indicates where Goldfine Manufacturers's Financial Strength falls into.



Goldfine Manufacturers 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:

Goldfine Manufacturers's Interest Expense for the months ended in Sep. 2014 was ฿0 Mil. Its Operating Income for the months ended in Sep. 2014 was ฿27 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2014 was ฿0 Mil.

Goldfine Manufacturers's Interest Coverage for the quarter that ended in Sep. 2014 is

Goldfine Manufacturers had no long-term debt (1).

The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Goldfine Manufacturers PLC has no debt.

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

Goldfine Manufacturers's Debt to Revenue Ratio for the quarter that ended in Sep. 2014 is

Debt to Revenue Ratio=Total Debt (Q: Sep. 2014 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(0 + 0) / 1186.46
=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.

Goldfine Manufacturers has a Z-score of 13.40, indicating it is in Safe Zones. This implies the Z-Score 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.


Goldfine Manufacturers  (BKK:GFM) 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.

Goldfine Manufacturers has the Financial Strength Rank of 0.


Goldfine Manufacturers Financial Strength Related Terms

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Goldfine Manufacturers (BKK:GFM) Business Description

Traded in Other Exchanges
N/A
Address
Goldfine Manufacturers Public Company Limited was incorporated on 26 September 1989 in Thailand. The Company is a manufacturer, importer and exporter of ornaments and jewelries. It manufactures and exports gold, silver, platinum jewelry sets with diamonds, precious stones, semi-precious stones and others.

Goldfine Manufacturers (BKK:GFM) Headlines

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