What is Honda India Power Products Financial Strength?
Honda India Power Products has the Financial Strength Rank of 10. It shows strong financial strength and is unlikely to fall into distressed situations.
Good Sign:
Honda India Power Products 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.
Honda India Power Products's Interest Coverage for the quarter that ended in Mar. 2024 was 17.90.
Honda India Power Products's debt to revenue ratio for the quarter that ended in Mar. 2024 was 0.00.
As of today, Honda India Power Products's Altman Z-Score is 13.47.
Competitive Comparison of Honda India Power Products's Financial Strength
For the Specialty Industrial Machinery subindustry, Honda India Power Products'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.
Honda India Power Products's Financial Strength Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Honda India Power Products's Financial Strength distribution charts can be found below:
* The bar in red indicates where Honda India Power Products's Financial Strength falls into.
Honda India Power Products 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:
Honda India Power Products's Interest Expense for the
months ended in Mar. 2024 was ₹-3 Mil. Its Operating Income for the
months ended in Mar. 2024 was ₹52 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹2 Mil.
Honda India Power Products's Interest Coverage for the quarter that ended in Mar. 2024 is
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. Honda India Power Products Ltd has enough cash to cover all of its debt. Its financial situation is stable.
2. Debt to revenue ratio. The lower, the better.
Honda India Power Products's Debt to Revenue Ratio for the quarter that ended in Mar. 2024 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.
Honda India Power Products has a Z-score of 13.47, indicating it is in Safe Zones. This implies the Z-Score is strong.
Good Sign:
Altman Z-score of 13.47 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.
Honda India Power Products (BOM:522064) Business Description
Traded in Other Exchanges
Address
Plot No. 5, Sector-41 Kasna, Greater Noida Industrial Development Area, District Gautam Budh Nagar, Greater Noida, UP, IND, 201310
Honda India Power Products Ltd is engaged in the manufacturing and marketing of power products such as portable generators, water pumps, and general-purpose engines. The company is also involved in the marketing of motor-powered lawnmower, brush cutter, long-tailed outboard motors, and power tillers. Its products are manufactured at its facilities located in Greater Noida. The geographical spread of the company business is present across Indian as well as international markets and generating revenues from the sale of its products.
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