What is China National Culture Group Financial Strength?
China National Culture Group has the Financial Strength Rank of 8. It shows strong financial strength and is unlikely to fall into distressed situations.
Good Sign:
China National Culture Group 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 National Culture Group has no long-term debt (1).
China National Culture Group's debt to revenue ratio for the quarter that ended in Mar. 2024 was 0.00.
As of today, China National Culture Group's Altman Z-Score is -63.04.
(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 National Culture Group's Financial Strength
For the Advertising Agencies subindustry, China National Culture Group'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 National Culture Group's Financial Strength Distribution in the Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, China National Culture Group's Financial Strength distribution charts can be found below:
* The bar in red indicates where China National Culture Group's Financial Strength falls into.
China National Culture Group 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 National Culture Group's Interest Expense for the
months ended in Mar. 2024 was HK$0.00 Mil. Its Operating Income for the
months ended in Mar. 2024 was HK$-32.48 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was HK$0.00 Mil.
China National Culture Group's Interest Coverage for the quarter that ended in Mar. 2024 is
| China National Culture Group had no long-term debt (1). |
The higher the ratio, the stronger the company's financial strength is.
Good Sign:
China National Culture Group Ltd has no debt.
2. Debt to revenue ratio. The lower, the better.
China National Culture Group's Debt to Revenue Ratio for the quarter that ended in Mar. 2024 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 National Culture Group has a Z-score of -63.04, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
Warning Sign:
Altman Z-score of -63.04 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.
China National Culture Group Business Description
Traded in Other Exchanges
N/A
Address
95 Queensway, Unit A, 29th FLoor, United Centre, Admiralty, Hong Kong, HKG
China National Culture Group Ltd is a Hong Kong-based investment holding company engaged in advertising media services, e-commerce, film production, and distribution business. The company mainly operates through three segments. The Advertising segment is engaged in the provision of value-added services through mobile devices. The Movie segment is engaged in the production and distribution of films and the provision of other film-related services. The E-commerce segment is engaged in the sales of products on the Internet. The Advertising segment contributes to the majority of the business. Geographically, the company operates in Hong Kong, and China, of which key revenue is generated from China.
China National Culture Group Headlines
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