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CBEDF (China Taifeng Beddings Holdings) Financial Strength : 0 (As of Jun. 2014)


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What is China Taifeng Beddings Holdings Financial Strength?

China Taifeng Beddings Holdings has the Financial Strength Rank of 0.

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.

China Taifeng Beddings Holdings's Interest Coverage for the quarter that ended in Jun. 2014 was 3.00. China Taifeng Beddings Holdings's debt to revenue ratio for the quarter that ended in Jun. 2014 was 0.37. As of today, China Taifeng Beddings Holdings's Altman Z-Score is 2.71.


Competitive Comparison of China Taifeng Beddings Holdings's Financial Strength

For the Textile Manufacturing subindustry, China Taifeng Beddings Holdings'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.


China Taifeng Beddings Holdings's Financial Strength Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, China Taifeng Beddings Holdings's Financial Strength distribution charts can be found below:

* The bar in red indicates where China Taifeng Beddings Holdings's Financial Strength falls into.



China Taifeng Beddings Holdings 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:

China Taifeng Beddings Holdings's Interest Expense for the months ended in Jun. 2014 was $-3.8 Mil. Its Operating Income for the months ended in Jun. 2014 was $11.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2014 was $38.5 Mil.

China Taifeng Beddings Holdings's Interest Coverage for the quarter that ended in Jun. 2014 is

Interest Coverage=-1*Operating Income (Q: Jun. 2014 )/Interest Expense (Q: Jun. 2014 )
=-1*11.4/-3.797
=3.00

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

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

China Taifeng Beddings Holdings's Debt to Revenue Ratio for the quarter that ended in Jun. 2014 is

Debt to Revenue Ratio=Total Debt (Q: Jun. 2014 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(39.846 + 38.52) / 213.608
=0.37

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.

China Taifeng Beddings Holdings has a Z-score of 2.71, indicating it is in Grey Zones. This implies that China Taifeng Beddings Holdings is in some kind of financial stress. If it is below 1.81, the company may faces bankrupcy 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.


China Taifeng Beddings Holdings  (OTCPK:CBEDF) 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.

China Taifeng Beddings Holdings has the Financial Strength Rank of 0.


China Taifeng Beddings Holdings Financial Strength Related Terms

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China Taifeng Beddings Holdings Business Description

Traded in Other Exchanges
N/A
Address
China Taifeng Beddings Holdings Ltd along with its subsidiaries is engaged in the manufacturing and distribution of cotton yarns and bedding products in China. The Manufacture and Distribution of Cotton Yarns segment are engaged in the manufacture of cotton yarns tailored to the requirements of customers, as well as the distribution of the cotton yarns to textile manufacturers in domestic and overseas markets. The Manufacture and Distribution of Bedding Products segment are engaged in the manufacture and distribution of bed covers, flat sheets, pillowcases, bed sheets, quilt covers and other bedding products. Its products are sold under TAIFENG brand in China market or sold to overseas original equipment manufacturer customers under their international brands.

China Taifeng Beddings Holdings Headlines

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