What is Danieli & C. Officine Meccaniche SpA Financial Strength?
Danieli & C. Officine Meccaniche SpA has the Financial Strength Rank of 6.
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.
Danieli & C. Officine Meccaniche SpA did not have earnings to cover the interest expense.
Danieli & C. Officine Meccaniche SpA's debt to revenue ratio for the quarter that ended in Jun. 2023 was 0.07.
As of today, Danieli & C. Officine Meccaniche SpA's Altman Z-Score is 1.40.
Competitive Comparison of Danieli & C. Officine Meccaniche SpA's Financial Strength
For the Specialty Industrial Machinery subindustry, Danieli & C. Officine Meccaniche SpA'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.
Danieli & C. Officine Meccaniche SpA's Financial Strength Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Danieli & C. Officine Meccaniche SpA's Financial Strength distribution charts can be found below:
* The bar in red indicates where Danieli & C. Officine Meccaniche SpA's Financial Strength falls into.
Danieli & C. Officine Meccaniche SpA 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:
Danieli & C. Officine Meccaniche SpA's Interest Expense for the
months ended in Jun. 2023 was $14 Mil. Its Operating Income for the
months ended in Jun. 2023 was $172 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $276 Mil.
Danieli & C. Officine Meccaniche SpA's Interest Coverage for the quarter that ended in Jun. 2023 is
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
Danieli & C. Officine Meccaniche SpA's Debt to Revenue Ratio for the quarter that ended in Jun. 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.
Danieli & C. Officine Meccaniche SpA has a Z-score of 1.40, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
Warning Sign:
Altman Z-score of 1.4 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.
Danieli & C. Officine Meccaniche SpA (Danieli & C. Officine Meccaniche SpA) Business Description
Traded in Other Exchanges
Address
Via Nazionale 41, Buttrio, Udine, ITA, 33042
Danieli & C. Officine Meccaniche SpA is an Italy-based company that is engaged in manufacturing and distribution of steel and other nonferrous metal products as well as plant building. The company operates through two segments, namely steelmaking and plant making. The Steelmaking segment manufactures ingots, forged bars, blooms, rolled bars, bar in coils and others. End customers primarily come from the mechanical, automotive, oil & gas, power generation and other sectors. The Plant Making segment designs and builds mines, pellet production plants, furnaces, rolling mills and other various plants and facilities. The company has a global presence, with Europe, Middle East and Far East being the three largest markets for the company.
Danieli & C. Officine Meccaniche SpA (Danieli & C. Officine Meccaniche SpA) Headlines
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