What is Thonburi Healthcare Group PCL Financial Strength?
Thonburi Healthcare Group PCL has the Financial Strength Rank of 3. It displays poor financial strength and is likely in financial distress. Usually this is caused by too much debt for the company.
Warning Sign:
Thonburi Healthcare Group PCL 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 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.
Thonburi Healthcare Group PCL's Interest Coverage for the quarter that ended in Mar. 2024 was 0.65.
Thonburi Healthcare Group PCL's debt to revenue ratio for the quarter that ended in Mar. 2024 was 1.12.
As of today, Thonburi Healthcare Group PCL's Altman Z-Score is 2.00.
Competitive Comparison of Thonburi Healthcare Group PCL's Financial Strength
For the Medical Care Facilities subindustry, Thonburi Healthcare Group PCL'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.
Thonburi Healthcare Group PCL's Financial Strength Distribution in the Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Thonburi Healthcare Group PCL's Financial Strength distribution charts can be found below:
* The bar in red indicates where Thonburi Healthcare Group PCL's Financial Strength falls into.
Thonburi Healthcare Group PCL 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.
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:
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. Thonburi Healthcare Group PCLs earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.
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.
Thonburi Healthcare Group PCL has a Z-score of 2.00, indicating it is in Grey Zones. This implies that Thonburi Healthcare Group PCL is in some kind of financial stress. If it is below 1.81, the company may faces bankrupcy risk.
Warning Sign:
Altman Z-score of 2 is in the grey area. This implies that the company is under some kind of financial stress. If it is below 1.8, the company may face bankruptcy risk.
* 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.
Thonburi Healthcare Group PCL (BKK:THG) 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.
Thonburi Healthcare Group PCL has the Financial Strength Rank of 3. It displays poor financial strength and is likely in financial distress. Usually this is caused by too much debt for the company.
Thonburi Healthcare Group PCL Financial Strength Related Terms
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Thonburi Healthcare Group PCL (BKK:THG) Business Description
Thonburi Healthcare Group PCL provides medical and hospital management services. It operates private hospitals in Thailand, both in Bangkok and other parts of the country, through direct management, affiliated firms as well as joint ventures. The group's business operations involve five segments: hospital operations; hospital management; healthcare solution provider; development and sales of hospital operation software and property development. It drives most of its revenue from the hospital operations.
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