What is China Daye Non-Ferrous Metals Mining Financial Strength?
China Daye Non-Ferrous Metals Mining 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.
China Daye Non-Ferrous Metals Mining's Interest Coverage for the quarter that ended in Dec. 2023 was 1.30.
China Daye Non-Ferrous Metals Mining's debt to revenue ratio for the quarter that ended in Dec. 2023 was 0.33.
As of today, China Daye Non-Ferrous Metals Mining's Altman Z-Score is 1.97.
Competitive Comparison of China Daye Non-Ferrous Metals Mining's Financial Strength
For the Copper subindustry, China Daye Non-Ferrous Metals Mining'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 Daye Non-Ferrous Metals Mining's Financial Strength Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, China Daye Non-Ferrous Metals Mining's Financial Strength distribution charts can be found below:
* The bar in red indicates where China Daye Non-Ferrous Metals Mining's Financial Strength falls into.
China Daye Non-Ferrous Metals Mining 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 Daye Non-Ferrous Metals Mining's Interest Expense for the
months ended in Dec. 2023 was HK$-344 Mil. Its Operating Income for the
months ended in Dec. 2023 was HK$448 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$8,835 Mil.
China Daye Non-Ferrous Metals Mining's Interest Coverage for the quarter that ended in Dec. 2023 is
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. China Daye Non-Ferrous Metals Mining Ltd interest coverage is 1.41, which is low.
2. Debt to revenue ratio. The lower, the better.
China Daye Non-Ferrous Metals Mining'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 Daye Non-Ferrous Metals Mining has a Z-score of 1.97, indicating it is in Grey Zones. This implies that China Daye Non-Ferrous Metals Mining 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 1.97 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.
China Daye Non-Ferrous Metals Mining (HKSE:00661) Business Description
Traded in Other Exchanges
N/A
Address
1008 Tai Nan West Street, China United Plaza, Room 1, 11th Floor, Kowloon, Hong Kong, HKG
China Daye Non-Ferrous Metals Mining Ltd is engaged in the mining and processing of mineral ores and trading of metal products in the PRC. The company's mining product portfolio consists of Copper cathodes, Other copper products, Gold and other gold products, Silver and other silver products, Iron ores, Sulphuric acid and sulphuric concentrate, and others, of which key revenue is generated from the sale of copper cathodes. The group has a business presence in the PRC, Hong Kong and The Republic of Mongolia. It derives a majority of the revenue from the PRC.
China Daye Non-Ferrous Metals Mining (HKSE:00661) Headlines
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