What is China Energy Storage Technology Development Financial Strength?
China Energy Storage Technology Development has the Financial Strength Rank of 6.
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 Energy Storage Technology Development's Interest Coverage for the quarter that ended in Dec. 2023 was 10.65.
China Energy Storage Technology Development's debt to revenue ratio for the quarter that ended in Dec. 2023 was 0.05.
As of today, China Energy Storage Technology Development's Altman Z-Score is 1.41.
Competitive Comparison of China Energy Storage Technology Development's Financial Strength
For the Consumer Electronics subindustry, China Energy Storage Technology 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.
China Energy Storage Technology Development's Financial Strength Distribution in the Hardware Industry
For the Hardware industry and Technology sector, China Energy Storage Technology Development's Financial Strength distribution charts can be found below:
* The bar in red indicates where China Energy Storage Technology Development's Financial Strength falls into.
China Energy Storage Technology 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:
China Energy Storage Technology Development's Interest Expense for the
months ended in Dec. 2023 was HK$-1.4 Mil. Its Operating Income for the
months ended in Dec. 2023 was HK$15.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$15.0 Mil.
China Energy Storage Technology Development's Interest Coverage for the quarter that ended in Dec. 2023 is
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
China Energy Storage Technology Development'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 Energy Storage Technology Development has a Z-score of 1.41, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
Warning Sign:
Altman Z-score of 1.41 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 Energy Storage Technology Development (HKSE:01143) Business Description
Traded in Other Exchanges
N/A
Address
The Gateway, Harbour City, Suites 3501 & 3513–14, 35th Floor Tower 6, Tsim Sha Tsui, Hong Kong, HKG
China Energy Storage Technology Development Ltd Formerly Link-Asia International MedTech Group Ltd is an investment holding company. It operates in four segments: Electronic manufacturing services; Distribution of Communications Products; Securities and Other Assets Investment, which includes Equity investment, property agency service, and other operations; and Real Estate Supply Chain Services, which provide real estate advisory services and real estate purchase service and Money Lending. The company generates the vast majority of its revenue from the Electronic manufacturing services segment. Its geographical segments are China, the United States, Switzerland, France, Poland, the United Kingdom, and Others.
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