What is Corporacion Acciona Energias Renovables Financial Strength?
Corporacion Acciona Energias Renovables has the Financial Strength Rank of 4.
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.
Corporacion Acciona Energias Renovables did not have earnings to cover the interest expense.
Corporacion Acciona Energias Renovables's debt to revenue ratio for the quarter that ended in Dec. 2023 was -0.00.
As of today, Corporacion Acciona Energias Renovables's Altman Z-Score is 0.99.
Competitive Comparison of Corporacion Acciona Energias Renovables's Financial Strength
For the Utilities - Renewable subindustry, Corporacion Acciona Energias Renovables'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.
Corporacion Acciona Energias Renovables's Financial Strength Distribution in the Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Corporacion Acciona Energias Renovables's Financial Strength distribution charts can be found below:
* The bar in red indicates where Corporacion Acciona Energias Renovables's Financial Strength falls into.
Corporacion Acciona Energias Renovables 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:
Corporacion Acciona Energias Renovables's Interest Expense for the
months ended in Dec. 2023 was €72,424 Mil. Its Operating Income for the
months ended in Dec. 2023 was €-597,965 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €4,670 Mil.
Corporacion Acciona Energias Renovables's Interest Coverage for the quarter that ended in Dec. 2023 is
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
Corporacion Acciona Energias Renovables'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.
Corporacion Acciona Energias Renovables has a Z-score of 0.99, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
Warning Sign:
Altman Z-score of 0.99 is in distress zone. This implies bankruptcy 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.
Corporacion Acciona Energias Renovables (CHIX:ANEE) Business Description
Traded in Other Exchanges
Address
Avenida de Europa, 18, Parque Empresarial La Moraleja, Alcobendas, Madrid, ESP, 28108
A renewables developer, Acciona Energia was spun off from Spanish industrial conglomerate Acciona in July 2021. The floating share is 17.3%. In June 2022, the group had 9.2 gigawatts of consolidated capacity (11.2 GW of total capacity). Eighty percent of Acciona Energia's capacity is onshore wind, nearly 10% is hydro dams in Spain and 9% is solar photovoltaic. Geographically, 50% of the capacity are located in Spain. The three biggest markets outside Spain are Mexico, the U.S., and Australia accounting for 12%, 11%, and 6% of capacity, respectively.
Corporacion Acciona Energias Renovables (CHIX:ANEE) Headlines
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