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IGG (FRA:I91) Financial Strength : 10 (As of Jun. 2024)


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What is IGG Financial Strength?

IGG has the Financial Strength Rank of 10. It shows strong financial strength and is unlikely to fall into distressed situations.

Good Sign:

IGG Inc shows strong financial strength.

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is rated on a scale of 1 to 10 and 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.
4. Other debt related ratios.

A higher score indicates a stronger financial position, with companies rated 7 or above considered financially stable and unlikely to face distress. Conversely, a score of 3 or below suggests potential financial difficulties, indicating a higher risk of distress.

IGG's Interest Coverage for the quarter that ended in Jun. 2024 was 269.25. IGG's debt to revenue ratio for the quarter that ended in Jun. 2024 was 0.01. As of today, IGG's Altman Z-Score is 5.97.


Competitive Comparison of IGG's Financial Strength

For the Electronic Gaming & Multimedia subindustry, IGG'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.


IGG's Financial Strength Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, IGG's Financial Strength distribution charts can be found below:

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



IGG 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:

IGG's Interest Expense for the months ended in Jun. 2024 was €-0.2 Mil. Its Operating Income for the months ended in Jun. 2024 was €45.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was €2.9 Mil.

IGG's Interest Coverage for the quarter that ended in Jun. 2024 is

Interest Coverage=-1*Operating Income (Q: Jun. 2024 )/Interest Expense (Q: Jun. 2024 )
=-1*44.964/-0.167
=269.25

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. IGG Inc has enough cash to cover all of its debt. Its financial situation is stable.

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

IGG's Debt to Revenue Ratio for the quarter that ended in Jun. 2024 is

Debt to Revenue Ratio=Total Debt (Q: Jun. 2024 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(4.47 + 2.903) / 650.722
=0.01

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.

IGG has a Z-score of 5.97, indicating it is in Safe Zones. This implies the Z-Score is strong.

Good Sign:

Altman Z-score of 5.97 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.


IGG  (FRA:I91) Financial Strength Explanation

The rank is rated on a scale of 1 to 10. A higher score indicates a stronger financial position, with companies rated 7 or above considered financially stable and unlikely to face distress. Conversely, a score of 3 or below suggests potential financial difficulties, indicating a higher risk of distress.

IGG has the Financial Strength Rank of 10. It shows strong financial strength and is unlikely to fall into distressed situations.


IGG Financial Strength Related Terms

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


IGG Business Description

Traded in Other Exchanges
Address
80 Pasir Panjang Road, No. 18-84 Mapletree Business City, Singapore, SGP, 117372
IGG Inc develops, markets, and publishes mobile online games. Aside from Singapore, the company operates in the United States, Mainland China, Hong Kong, Canada, Japan, Korea, Thailand, and the Philippines. North America, Europe, and Asia contribute relatively equal shares of the company's total revenue. The company offers free-to-play mobile, browser, and client-based online games. IGG operates through its mobile games segment, which comprises most of the company's overall revenue. Some of its notable games include Castle Clash, Clash of Lords, Deck Heroes, and Texas Hold 'Em Poker Deluxe.

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