What is China Sunsine Chemical Holdings Financial Strength?
China Sunsine Chemical Holdings has the Financial Strength Rank of 10. It shows strong financial strength and is unlikely to fall into distressed situations.
Good Sign:
China Sunsine Chemical Holdings Ltd 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.
China Sunsine Chemical Holdings has no long-term debt (1).
China Sunsine Chemical Holdings's debt to revenue ratio for the quarter that ended in Dec. 2023 was 0.00.
As of today, China Sunsine Chemical Holdings's Altman Z-Score is 5.48.
(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 China Sunsine Chemical Holdings's Financial Strength
For the Specialty Chemicals subindustry, China Sunsine Chemical Holdings'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.
China Sunsine Chemical Holdings's Financial Strength Distribution in the Chemicals Industry
For the Chemicals industry and Basic Materials sector, China Sunsine Chemical Holdings's Financial Strength distribution charts can be found below:
* The bar in red indicates where China Sunsine Chemical Holdings's Financial Strength falls into.
China Sunsine Chemical Holdings 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:
China Sunsine Chemical Holdings's Interest Expense for the
months ended in Dec. 2023 was €0.0 Mil. Its Operating Income for the
months ended in Dec. 2023 was €27.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €0.0 Mil.
China Sunsine Chemical Holdings's Interest Coverage for the quarter that ended in Dec. 2023 is
| China Sunsine Chemical Holdings had no long-term debt (1). |
The higher the ratio, the stronger the company's financial strength is.
Good Sign:
China Sunsine Chemical Holdings Ltd has no debt.
2. Debt to revenue ratio. The lower, the better.
China Sunsine Chemical Holdings'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.
China Sunsine Chemical Holdings has a Z-score of 5.48, indicating it is in Safe Zones. This implies the Z-Score is strong.
Good Sign:
Altman Z-score of 5.48 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.
China Sunsine Chemical Holdings (HAM:CHM) Business Description
Traded in Other Exchanges
Address
16 Raffles Quay, No. 15-08 Hong Leong Building, Singapore, SGP, 048581
China Sunsine Chemical Holdings Ltd is a rubber chemical producing company. It produces rubber accelerators, cured rubber, natural and synthetic rubber. The group also produces insoluble Sulphur, anti-oxidant, and other vulcanizing agents. The company's production facilities are located at Shanxian, Weifang and Dingtao in Shandong Province, China, and its products are sold under the Sunshine brand. The group has three reportable business segments, namely the manufacturing and sale of rubber chemicals, the production and supply of heating power, and waste treatment. It generates the majority of its revenue from the manufacturing and sale of rubber chemicals. The company operates globally and it derives most of its revenue from the People's Republic of China.
China Sunsine Chemical Holdings (HAM:CHM) Headlines
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
HAM:CHM has been successfully added to your