GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Nilorngruppen AB (FRA:1GG) » Definitions » Financial Strength

Nilorngruppen AB (FRA:1GG) Financial Strength : 8 (As of Mar. 2024)


View and export this data going back to 2021. Start your Free Trial

What is Nilorngruppen AB Financial Strength?

Nilorngruppen AB has the Financial Strength Rank of 8. It shows strong financial strength and is unlikely to fall into distressed situations.

Good Sign:

Nilorngruppen AB 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.

Nilorngruppen AB's Interest Coverage for the quarter that ended in Mar. 2024 was 17.72. Nilorngruppen AB's debt to revenue ratio for the quarter that ended in Mar. 2024 was 0.09. As of today, Nilorngruppen AB's Altman Z-Score is 4.61.


Competitive Comparison of Nilorngruppen AB's Financial Strength

For the Apparel Manufacturing subindustry, Nilorngruppen AB'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.


Nilorngruppen AB's Financial Strength Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Nilorngruppen AB's Financial Strength falls into.



Nilorngruppen AB 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:

Nilorngruppen AB's Interest Expense for the months ended in Mar. 2024 was €-0.11 Mil. Its Operating Income for the months ended in Mar. 2024 was €1.99 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €0.57 Mil.

Nilorngruppen AB's Interest Coverage for the quarter that ended in Mar. 2024 is

Interest Coverage=-1*Operating Income (Q: Mar. 2024 )/Interest Expense (Q: Mar. 2024 )
=-1*1.985/-0.112
=17.72

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

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

Nilorngruppen AB's Debt to Revenue Ratio for the quarter that ended in Mar. 2024 is

Debt to Revenue Ratio=Total Debt (Q: Mar. 2024 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(7.504 + 0.572) / 85.656
=0.09

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.

Nilorngruppen AB has a Z-score of 4.61, indicating it is in Safe Zones. This implies the Z-Score is strong.

Good Sign:

Altman Z-score of 4.61 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.


Nilorngruppen AB  (FRA:1GG) 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.

Nilorngruppen AB has the Financial Strength Rank of 8. It shows strong financial strength and is unlikely to fall into distressed situations.


Nilorngruppen AB Financial Strength Related Terms

Thank you for viewing the detailed overview of Nilorngruppen AB's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.


Nilorngruppen AB (FRA:1GG) Business Description

Traded in Other Exchanges
Address
Wieslanders vag 3, Box 499, Boras, SWE, 501 13
Nilorngruppen AB is a Sweden-based company engaged in the branding, designing, manufacturing, and sale of labels, packaging products, and accessories for clients in the fashion and apparel sector. Its product portfolio consists of Trims, Packaging, and Information labels. Its revenue comes from the information Labels labels product range includes woven labels, printed textile labels, printed hanging labels, and flossed labels. Geographically, the segments of the company are the Nordic region, Other Europe, and Asia, of which key revenue is derived from the operations in the Asian countries. It has a business presence in Sweden, Norway, Finland, Denmark, Germany, Belgium, Italy, Switzerland, France, India, Bangladesh, China, and Pakistan.

Nilorngruppen AB (FRA:1GG) Headlines

No Headlines