What is Longspur International Ventures Financial Strength?
Longspur International Ventures has the Financial Strength Rank of 7.
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.
Longspur International Ventures has no long-term debt (1).
Longspur International Ventures's debt to revenue ratio for the quarter that ended in Dec. 2023 was 0.00.
As of today, Longspur International Ventures's Altman Z-Score is 1.84.
(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 Longspur International Ventures's Financial Strength
For the Capital Markets subindustry, Longspur International Ventures'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.
Longspur International Ventures's Financial Strength Distribution in the Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Longspur International Ventures's Financial Strength distribution charts can be found below:
* The bar in red indicates where Longspur International Ventures's Financial Strength falls into.
Longspur International Ventures 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:
Longspur International Ventures's Interest Expense for the
months ended in Dec. 2023 was ₹0.00 Mil. Its Operating Income for the
months ended in Dec. 2023 was ₹4.91 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0.00 Mil.
Longspur International Ventures's Interest Coverage for the quarter that ended in Dec. 2023 is
| Longspur International Ventures had no long-term debt (1). |
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
Longspur International Ventures's Debt to Revenue Ratio for the quarter that ended in Dec. 2023 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.
Longspur International Ventures has a Z-score of 1.84, indicating it is in Grey Zones. This implies that Longspur International Ventures 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 1.84 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.
Longspur International Ventures (BOM:504340) Business Description
Traded in Other Exchanges
N/A
Address
9, Botawala Building, 3rd Floor, 11/13, Horniman Circle, Fort, Mumbai, MH, IND, 400001
Longspur International Ventures Ltd formerly Confidence Finance & Trading Ltd is an Indian based company. It is engaged in the trading of securities and shares. It is also involved in financial activities. The company generates maximum revenue from Interest Income on Advances & Capital markets.
Longspur International Ventures (BOM:504340) Headlines
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