What is China Resources Medical Holdings Co Financial Strength?
China Resources Medical Holdings Co has the Financial Strength Rank of 6.
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.
China Resources Medical Holdings Co's Interest Coverage for the quarter that ended in Jun. 2024 was 14.26.
China Resources Medical Holdings Co's debt to revenue ratio for the quarter that ended in Jun. 2024 was 0.22.
As of today, China Resources Medical Holdings Co's Altman Z-Score is 1.11.
Competitive Comparison of China Resources Medical Holdings Co's Financial Strength
For the Medical Care Facilities subindustry, China Resources Medical Holdings 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.
China Resources Medical Holdings Co's Financial Strength Distribution in the Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, China Resources Medical Holdings Co's Financial Strength distribution charts can be found below:
* The bar in red indicates where China Resources Medical Holdings Co's Financial Strength falls into.
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:
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 Resources Medical Holdings Co has a Z-score of 1.11, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
Warning Sign:
Altman Z-score of 1.11 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 Resources Medical Holdings Co (HKSE:01515) Financial Strength Explanation
The rank is rated on a scale of 1 to 10. 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.
China Resources Medical Holdings Co has the Financial Strength Rank of 6.
China Resources Medical Holdings Co Financial Strength Related Terms
Thank you for viewing the detailed overview of China Resources Medical Holdings Co's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.
China Resources Medical Holdings Co Business Description
China Resources Medical Holdings Co Ltd provides a full spectrum of general healthcare services, hospital management services, and also group purchasing organization business, and other derived businesses from hospitals in Mainland China. The group has two operating segments: Hospital Business, and Others Business. The Hospital Business segment includes outpatient business, inpatient business corresponding to self-owned hospitals. The Other business segment includes operation management services, supply chain services and other ancillary services provided to participating hospitals and IOT/OT hospitals.
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