What is Heliospectra AB Financial Strength?
Heliospectra AB has the Financial Strength Rank of 9. It shows strong financial strength and is unlikely to fall into distressed situations.
Good Sign:
Heliospectra 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.
Heliospectra AB has no long-term debt (1).
Heliospectra AB's debt to revenue ratio for the quarter that ended in Mar. 2024 was 0.00.
As of today, Heliospectra AB's Altman Z-Score is 2.20.
(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
Competitive Comparison of Heliospectra AB's Financial Strength
For the Electrical Equipment & Parts subindustry, Heliospectra 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.
Heliospectra AB's Financial Strength Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Heliospectra AB's Financial Strength distribution charts can be found below:
* The bar in red indicates where Heliospectra AB's Financial Strength falls into.
Heliospectra 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:
Heliospectra AB's Interest Expense for the
months ended in Mar. 2024 was €0.00 Mil. Its Operating Income for the
months ended in Mar. 2024 was €-0.58 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €0.00 Mil.
Heliospectra AB's Interest Coverage for the quarter that ended in Mar. 2024 is
| Heliospectra AB had no long-term debt (1). |
The higher the ratio, the stronger the company's financial strength is.
Good Sign:
Heliospectra AB has no debt.
2. Debt to revenue ratio. The lower, the better.
Heliospectra AB's Debt to Revenue Ratio for the quarter that ended in Mar. 2024 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.
Heliospectra AB has a Z-score of 2.20, indicating it is in Grey Zones. This implies that Heliospectra AB is in some kind of financial stress. If it is below 1.81, the company may faces bankrupcy risk.
Warning Sign:
Altman Z-score of 2.2 is in the grey area. This implies that the company is under some kind of financial stress. If it is below 1.8, the company may face bankruptcy 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.
Heliospectra AB (FRA:H00) Business Description
Traded in Other Exchanges
Address
Fiskhamnsgatan 2, Gothenburg, SWE, 414 58
Heliospectra AB is engaged in the development of lighting systems for controlled environments using light-emitting diode technology. The company's offering is targeted at greenhouses and indoor growers of medicinal plants, foodstuffs, herbs and microgreens, and academic and agtech researchers. The offering consists of total solutions that rest on three pillars: Lighting, control systems marketed under the brand name helioCORE, and services marketed under the brand name helioCARE.
Heliospectra AB (FRA:H00) Headlines
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