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YCIH Green High-Performance Concrete Co (HKSE:01847) Financial Strength : 4 (As of Dec. 2023)


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What is YCIH Green High-Performance Concrete Co Financial Strength?

YCIH Green High-Performance Concrete Co has the Financial Strength Rank of 4.

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.

YCIH Green High-Performance Concrete Co did not have earnings to cover the interest expense. YCIH Green High-Performance Concrete Co's debt to revenue ratio for the quarter that ended in Dec. 2023 was 0.34. As of today, YCIH Green High-Performance Concrete Co's Altman Z-Score is 0.71.


Competitive Comparison of YCIH Green High-Performance Concrete Co's Financial Strength

For the Building Materials subindustry, YCIH Green High-Performance Concrete 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.


YCIH Green High-Performance Concrete Co's Financial Strength Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, YCIH Green High-Performance Concrete Co's Financial Strength distribution charts can be found below:

* The bar in red indicates where YCIH Green High-Performance Concrete Co's Financial Strength falls into.



YCIH Green High-Performance Concrete 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:

YCIH Green High-Performance Concrete Co's Interest Expense for the months ended in Dec. 2023 was HK$-11 Mil. Its Operating Income for the months ended in Dec. 2023 was HK$-17 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$65 Mil.

YCIH Green High-Performance Concrete Co's Interest Coverage for the quarter that ended in Dec. 2023 is

YCIH Green High-Performance Concrete 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.

YCIH Green High-Performance Concrete Co's Debt to Revenue Ratio for the quarter that ended in Dec. 2023 is

Debt to Revenue Ratio=Total Debt (Q: Dec. 2023 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(439.931 + 64.899) / 1468.456
=0.34

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.

YCIH Green High-Performance Concrete Co has a Z-score of 0.71, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.

Warning Sign:

Altman Z-score of 0.71 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.


YCIH Green High-Performance Concrete Co  (HKSE:01847) Financial Strength Explanation

The maximum rank is 10. Companies with rank 7 or higher will be unlikely to fall into distressed situations. Companies with rank of 3 or less are likely in financial distress.

YCIH Green High-Performance Concrete Co has the Financial Strength Rank of 4.


YCIH Green High-Performance Concrete Co Financial Strength Related Terms

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YCIH Green High-Performance Concrete Co (HKSE:01847) Business Description

Traded in Other Exchanges
N/A
Address
188 Linxi Road, 5th Floor and 9th Floor, YCIH Development Building, Information Industrial Base, Yunnan, Economic and Technological Development Zone, Kunming, CHN
YCIH Green High-Performance Concrete Co Ltd is a ready-mixed concrete producer in China. It produces and supplies ready-mixed concrete and related construction materials as well as provides quality and technology management services to customers. The company generates revenue in the form of the sale of ready-mixed concrete, polycarboxylic admixtures, aggregates, and Quality & technology management service. All of its revenues come from Mainland China.
Executives
Hwabao Trust Co., Ltd 2301 Trustee
Hua An Ji Jin Yun Nan Jiao Tou Tou Zi Dan Yi Zi Chan Guan Li Ji Hua 2501 Other
Yun Nan Sheng Jiao Tong Tou Zi Jian She Ji Tuan You Xian Gong Si
Yun Nan Jiao Tou Ji Tuan Tou Zi You Xian Gong Si 2101 Beneficial owner
Hua An Ji Jin Yun Nong Ken Dan Yi Zi Chan Guan Li Ji Hua 2501 Other
Yun Nan Nong Ken Ji Tuan You Xian Ze Ren Gong Si 2101 Beneficial owner
Kun Ming Gang Tie Kong Gu You Xian Gong Si 2101 Beneficial owner
Yun Nan Sheng Gong Ye Tou Zi Kong Gu Ji Tuan You Xian Ze Ren Gong Si 2101 Beneficial owner
Hua An Ji Jin Guan Li You Xian Gong Si 2501 Other
Yunnan Provincial Energy Investment Group Co., Ltd 2201 Interest of corporation controlled by you
Yunnan Energy Investment (h K) Co. Limited 2101 Beneficial owner
China Resources (holdings) Company Limited 2201 Interest of corporation controlled by you
Zoomlion International Trading (h.k.) Co.,limited 2101 Beneficial owner
Zoomlion Heavy Industry Science And Technology Co.,limited 2201 Interest of corporation controlled by you
Zoomlion H.k. Holding Co., Limited 2201 Interest of corporation controlled by you

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