What is Net-a-Go Technology Co Financial Strength?
Net-a-Go Technology Co has the Financial Strength Rank of 5.
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is rated on a scale of 1 to 10 and 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.
4. Other debt related ratios.
A higher score indicates a stronger financial position, with companies rated 7 or above considered financially stable and unlikely to face distress. Conversely, a score of 3 or below suggests potential financial difficulties, indicating a higher risk of distress.
Net-a-Go Technology Co did not have earnings to cover the interest expense.
Net-a-Go Technology Co's debt to revenue ratio for the quarter that ended in Jun. 2024 was 0.56.
As of today, Net-a-Go Technology Co's Altman Z-Score is 3.18.
Competitive Comparison of Net-a-Go Technology Co's Financial Strength
For the Waste Management subindustry, Net-a-Go Technology Co'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.
Net-a-Go Technology Co's Financial Strength Distribution in the Waste Management Industry
For the Waste Management industry and Industrials sector, Net-a-Go Technology Co's Financial Strength distribution charts can be found below:
* The bar in red indicates where Net-a-Go Technology Co's Financial Strength falls into.
Net-a-Go Technology Co 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:
Net-a-Go Technology Co's Interest Expense for the
months ended in Jun. 2024 was HK$-1.2 Mil. Its Operating Income for the
months ended in Jun. 2024 was HK$-4.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was HK$0.7 Mil.
Net-a-Go Technology Co's Interest Coverage for the quarter that ended in Jun. 2024 is
| Net-a-Go Technology Co 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.
Net-a-Go Technology Co's Debt to Revenue Ratio for the quarter that ended in Jun. 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.
Net-a-Go Technology Co has a Z-score of 3.18, indicating it is in Safe Zones. This implies the Z-Score is strong.
Good Sign:
Altman Z-score of 3.18 is strong.
* 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.
Net-a-Go Technology Co Business Description
Traded in Other Exchanges
N/A
Address
1111 King’s Road, Suite 1201, 12th Floor, Taikoo Shing, Hong Kong, HKG
Net-a-Go Technology Co Ltd is an investment holding company operating in four segments: environmental maintenance business, property leasing business, securities trading business, and others business segment consists of the financials of manufacturing and selling of medical devices business, selling of cosmetics business and selling of frozen meat business. The majority of its revenue comes from the Environmental maintenance segment, which includes janitorial services on streets and public areas, waste management services, and facility maintenance management. Its geographical segments are Mainland China and Hong Kong, of which almost all of its revenue comes from Mainland China.
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Net-a-Go Technology Co Headlines
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