What is Rishabh Digha Steel and Allied Products Financial Strength?
Rishabh Digha Steel and Allied Products has the Financial Strength Rank of 8. It shows strong financial strength and is unlikely to fall into distressed situations.
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is rated on a scale of 1 to 10 and 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.
4. Other debt related ratios.
A higher score indicates a stronger financial position, with companies rated 7 or above considered financially stable and unlikely to face distress. Conversely, a score of 3 or below suggests potential financial difficulties, indicating a higher risk of distress.
Competitive Comparison of Rishabh Digha Steel and Allied Products's Financial Strength
For the Steel subindustry, Rishabh Digha Steel and Allied 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.
Rishabh Digha Steel and Allied Products's Financial Strength Distribution in the Steel Industry
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:
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.
Rishabh Digha Steel and Allied Products has a Z-score of 0.00, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
* 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.
Rishabh Digha Steel and Allied Products (BOM:531539) Financial Strength Explanation
The rank is rated on a scale of 1 to 10. A higher score indicates a stronger financial position, with companies rated 7 or above considered financially stable and unlikely to face distress. Conversely, a score of 3 or below suggests potential financial difficulties, indicating a higher risk of distress.
Rishabh Digha Steel and Allied Products has the Financial Strength Rank of 8. It shows strong financial strength and is unlikely to fall into distressed situations.
Rishabh Digha Steel and Allied Products Financial Strength Related Terms
Thank you for viewing the detailed overview of Rishabh Digha Steel and Allied Products's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.
Rishabh Digha Steel and Allied Products Business Description
Rishabh Digha Steel and Allied Products Ltd is an Indian company engaged in the business of manufacturing iron and steel products. The company is involved in the straightening and de-coiling, and cutting of iron and steel coils.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
BOM:531539 has been successfully added to your