What is Jianzhong Construction Development Financial Strength?
Jianzhong Construction Development has the Financial Strength Rank of 4.
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.
Jianzhong Construction Development did not have earnings to cover the interest expense.
Jianzhong Construction Development's debt to revenue ratio for the quarter that ended in Jun. 2023 was 1.19.
As of today, Jianzhong Construction Development's Altman Z-Score is 0.31.
Competitive Comparison of Jianzhong Construction Development's Financial Strength
For the Engineering & Construction subindustry, Jianzhong Construction Development'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.
Jianzhong Construction Development's Financial Strength Distribution in the Construction Industry
For the Construction industry and Industrials sector, Jianzhong Construction Development's Financial Strength distribution charts can be found below:
* The bar in red indicates where Jianzhong Construction Development's Financial Strength falls into.
Jianzhong Construction Development 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:
Jianzhong Construction Development's Interest Expense for the
months ended in Jun. 2023 was HK$-5.5 Mil. Its Operating Income for the
months ended in Jun. 2023 was HK$-14.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was HK$73.8 Mil.
Jianzhong Construction Development's Interest Coverage for the quarter that ended in Jun. 2023 is
| Jianzhong Construction Development 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.
Jianzhong Construction Development's Debt to Revenue Ratio for the quarter that ended in Jun. 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.
Jianzhong Construction Development has a Z-score of 0.31, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
Warning Sign:
Altman Z-score of 0.31 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.
Jianzhong Construction Development (HKSE:00589) Business Description
Traded in Other Exchanges
N/A
Address
No.33 Zhaoqiang Road, 2002, Jinlan Building, Mawei District, Fujian, Fuzhou, CHN
Jianzhong Construction Development Ltd is a construction services provider based in Fujian Province offering solutions in foundation works. The company foundation works including bored piles, H-piles, Larssen sheet piles, diaphragm walls, and tunnelling works. Its other construction services including formwork and scaffolding works including formwork and falsework design, manufacturing of scaffold and erection services; construction of sewage treatment infrastructure; and other construction work mainly E&M engineering works. Its segments include Construction service; Equipment operation service; Sewage treatment operation; and Others that include sales of construction materials and equipment and others.
Executives
Jianzhong Construction Development (HKSE:00589) Headlines
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