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International Business Settlement Holdings (HKSE:00147) Financial Strength : 0 (As of Sep. 2023)


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What is International Business Settlement Holdings Financial Strength?

International Business Settlement Holdings has the Financial Strength Rank of 0.

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.

International Business Settlement Holdings did not have earnings to cover the interest expense. International Business Settlement Holdings's debt to revenue ratio for the quarter that ended in Sep. 2023 was 2.77. As of today, International Business Settlement Holdings's Altman Z-Score is 0.77.


Competitive Comparison of International Business Settlement Holdings's Financial Strength

For the Real Estate - Development subindustry, International Business Settlement 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.


International Business Settlement Holdings's Financial Strength Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, International Business Settlement Holdings's Financial Strength distribution charts can be found below:

* The bar in red indicates where International Business Settlement Holdings's Financial Strength falls into.



International Business Settlement 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:

International Business Settlement Holdings's Interest Expense for the months ended in Sep. 2023 was HK$-33.5 Mil. Its Operating Income for the months ended in Sep. 2023 was HK$-9.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$123.9 Mil.

International Business Settlement Holdings's Interest Coverage for the quarter that ended in Sep. 2023 is

International Business Settlement Holdings did not have earnings to cover the interest expense.

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. International Business Settlement Holdings Ltd interest coverage is 2.09, which is low.

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

International Business Settlement Holdings's Debt to Revenue Ratio for the quarter that ended in Sep. 2023 is

Debt to Revenue Ratio=Total Debt (Q: Sep. 2023 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(653.46 + 123.912) / 280.44
=2.77

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.

International Business Settlement Holdings has a Z-score of 0.77, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.

Warning Sign:

Altman Z-score of 0.77 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.


International Business Settlement Holdings  (HKSE:00147) 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.

International Business Settlement Holdings has the Financial Strength Rank of 0.


International Business Settlement Holdings Financial Strength Related Terms

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International Business Settlement Holdings (HKSE:00147) Business Description

Traded in Other Exchanges
N/A
Address
255-257 Gloucester Road, Unit 3103, 31st Floor, Sino Plaza, Causeway Bay, Hong Kong, HKG
International Business Settlement Holdings Ltd is an investment holding company. The company's operating segments include Property development; Hotel business; International business settlement; Contact lens business; Leasing and trading of computer equipment business and Financing business. It generates maximum revenue from the Property development segment which includes developing and selling commercial and residential properties, and car parking spaces including undertaking primary land development activities, in the PRC. Geographically, it derives a majority of its revenue from PRC.
Executives
Long Grand Limited 2101 Beneficial owner
Yam Yu 2201 Interest of corporation controlled by you
China Cinda (hk) Asset Management Co., Limited 2201 Interest of corporation controlled by you
China Cinda (hk) Holdings Company Limited 2201 Interest of corporation controlled by you
China Cinda Asset Management Co., Ltd. 2201 Interest of corporation controlled by you

International Business Settlement Holdings (HKSE:00147) Headlines

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