What is Wong's Kong King International (Holdings) Financial Strength?
Wong's Kong King International (Holdings) has the Financial Strength Rank of 5.
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.
Wong's Kong King International (Holdings) did not have earnings to cover the interest expense.
Wong's Kong King International (Holdings)'s debt to revenue ratio for the quarter that ended in Dec. 2023 was 0.19.
As of today, Wong's Kong King International (Holdings)'s Altman Z-Score is 2.34.
Competitive Comparison of Wong's Kong King International (Holdings)'s Financial Strength
For the Electronic Components subindustry, Wong's Kong King International (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.
Wong's Kong King International (Holdings)'s Financial Strength Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Wong's Kong King International (Holdings)'s Financial Strength distribution charts can be found below:
* The bar in red indicates where Wong's Kong King International (Holdings)'s Financial Strength falls into.
Wong's Kong King International (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:
Wong's Kong King International (Holdings)'s Interest Expense for the
months ended in Dec. 2023 was HK$-18 Mil. Its Operating Income for the
months ended in Dec. 2023 was HK$-15 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$38 Mil.
Wong's Kong King International (Holdings)'s Interest Coverage for the quarter that ended in Dec. 2023 is
| Wong's Kong King International (Holdings) did not have earnings to cover the interest expense. |
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
Wong's Kong King International (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.
Wong's Kong King International (Holdings) has a Z-score of 2.34, indicating it is in Grey Zones. This implies that Wong's Kong King International (Holdings) 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 2.34 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.
Wong's Kong King International (Holdings) (HKSE:00532) Business Description
Traded in Other Exchanges
N/A
Address
No. 8 Lam Chak Street, 17th Floor, Harbourside HQ, Kowloon Bay, Hong Kong, HKG
Wong's Kong King International (Holdings) Ltd is an investment holding company. It operates in two segments Trading and Manufacturing. The trading segment is engaged in the trading and distribution of chemicals, materials, and equipment used in the manufacturing of printed circuit boards and electronic products. Its Manufacturing segment is engaged in the manufacturing of electrical and electronic products for original equipment manufacturers. The company derives the majority of its revenue from the Trading segment. Geographically, it generates maximum revenue from Hong Kong, Mainland China, and Taiwan and also has a presence in North America and Europe.
Executives
Wong's Kong King International (Holdings) (HKSE:00532) Headlines
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