FGP (BOM:500142) Financial Strength : 10 (As of Mar. 2024)

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What is FGP Financial Strength?

FGP has the Financial Strength Rank of 10. It shows strong financial strength and is unlikely to fall into distressed situations.

Good Sign:

FGP 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.

FGP has no long-term debt ⁽¹⁾. FGP's debt to revenue ratio for the quarter that ended in Mar. 2024 was 0.00. As of today, FGP's Altman Z-Score is 19.40.

(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 FGP's Financial Strength

For the Real Estate Services subindustry, FGP'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.

FGP's Financial Strength Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, FGP's Financial Strength distribution charts can be found below:

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

FGP 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:

FGP's Interest Expense for the months ended in Mar. 2024 was ₹0.00 Mil. Its Operating Income for the months ended in Mar. 2024 was ₹-1.07 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹0.00 Mil.

FGP's Interest Coverage for the quarter that ended in Mar. 2024 is

FGP had no long-term debt ⁽¹⁾.

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

Good Sign:

FGP Ltd has no debt.

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

FGP'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)	/	1.96
	=	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.

FGP has a Z-score of 19.40, indicating it is in Safe Zones. This implies the Z-Score is strong.

Good Sign:

Altman Z-score of 19.4 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.

FGP (BOM:500142) 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.

FGP has the Financial Strength Rank of 10. It shows strong financial strength and is unlikely to fall into distressed situations.

FGP Financial Strength Related Terms

Thank you for viewing the detailed overview of FGP's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.

FGP (BOM:500142) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » FGP Ltd (BOM:500142) » Definitions » Financial Strength

Comparable Companies

Traded in Other Exchanges

N/A

Address

9, Wallace Street, Commercial Union House, Fort, Mumbai, MH, IND, 400001

Website

https://www.fgpltd.in

FGP Ltd is engaged in the provision of business center facilities in Mumbai, India. It caters to the requirements of business and office space with all basic facilities and infrastructure of the business environment. This was developed in two phases. The FGP's business center is located near CST Station / Fort in South Bombay. It provides space to the other reputed corporate houses in the vicinity of FGP, which are in need of extra space for expanding their own business. The activity of providing office space in the form of business centers to the corporate sectors is widely used worldwide by business enterprises.

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