What is China Titans Energy Technology Group Co Financial Strength?
China Titans Energy Technology Group Co has the Financial Strength Rank of 5.
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 Titans Energy Technology Group Co did not have earnings to cover the interest expense.
China Titans Energy Technology Group Co's debt to revenue ratio for the quarter that ended in Dec. 2023 was 0.34.
As of today, China Titans Energy Technology Group Co's Altman Z-Score is 1.33.
Competitive Comparison of China Titans Energy Technology Group Co's Financial Strength
For the Electrical Equipment & Parts subindustry, China Titans Energy Technology Group 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 Titans Energy Technology Group Co's Financial Strength Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, China Titans Energy Technology Group Co's Financial Strength distribution charts can be found below:
* The bar in red indicates where China Titans Energy Technology Group Co's Financial Strength falls into.
China Titans Energy Technology Group 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:
China Titans Energy Technology Group Co's Interest Expense for the
months ended in Dec. 2023 was HK$-5.1 Mil. Its Operating Income for the
months ended in Dec. 2023 was HK$-14.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$58.0 Mil.
China Titans Energy Technology Group Co's Interest Coverage for the quarter that ended in Dec. 2023 is
| China Titans Energy Technology Group 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.
China Titans Energy Technology Group Co'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 Titans Energy Technology Group Co has a Z-score of 1.33, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
Warning Sign:
Altman Z-score of 1.33 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 Titans Energy Technology Group Co (HKSE:02188) Business Description
Traded in Other Exchanges
N/A
Address
No. 60 Shihua Road West, Titans Science and Technology Park, Guangdong Province, Zhuhai, CHN, 519015
China Titans Energy Technology Group Co Ltd is engaged in the supply of power electric products and equipment, the sales and leases of electric vehicles, the provision of charging services for electric vehicles, and construction services of charging poles for electric vehicles under Build-Operate-Transfer (BOT) arrangements. Its reporting segments are DC Power System; Charging Equipment; and Charging Services and Construction. The company generates majority of its revenue from the Charging Equipment segment. Its Charging Equipment segment is engaged in the manufacturing and sales of charging equipment for electric vehicles. Geographically, it operates in the PRC.
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