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Honworld Group (HKSE:02226) Financial Strength : 0 (As of Dec. 2023)


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What is Honworld Group Financial Strength?

Honworld Group has the Financial Strength Rank of 0.

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.

Honworld Group did not have earnings to cover the interest expense. Honworld Group's debt to revenue ratio for the quarter that ended in Dec. 2023 was 10.72. As of today, Honworld Group's Altman Z-Score is -6.89.


Competitive Comparison of Honworld Group's Financial Strength

For the Packaged Foods subindustry, Honworld Group'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.


Honworld Group's Financial Strength Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Honworld Group's Financial Strength distribution charts can be found below:

* The bar in red indicates where Honworld Group's Financial Strength falls into.



Honworld Group 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:

Honworld Group's Interest Expense for the months ended in Dec. 2023 was HK$-240.5 Mil. Its Operating Income for the months ended in Dec. 2023 was HK$-66.1 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$2.4 Mil.

Honworld Group's Interest Coverage for the quarter that ended in Dec. 2023 is

Honworld Group 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.

Honworld Group'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
=(3069.464 + 2.392) / 286.554
=10.72

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.

Honworld Group has a Z-score of -6.89, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.

Warning Sign:

Altman Z-score of -6.89 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.


Honworld Group  (HKSE:02226) 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.

Honworld Group has the Financial Strength Rank of 0.


Honworld Group Financial Strength Related Terms

Thank you for viewing the detailed overview of Honworld Group's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.


Honworld Group (HKSE:02226) Business Description

Traded in Other Exchanges
N/A
Address
No.299, Zhongxing Avenue, Balidian Town, Food and Industrial Park, Wuxing District, Zhejiang Province, Huzhou, CHN, 313000
Honworld Group Ltd is a China-based investment holding company. Through its subsidiaries, the company is engaged in manufacturing and selling condiment products under the brand name of Lao Heng He in the PRC. Its product categories include High-end, Normal, and Catering Services. The products include healthy brewed cooking wine as well as other condiments, including naturally-brewed soy sauce, naturally-brewed vinegar, soybean paste, sesame oil, and fermented bean curd company operates in a single segment named as Food segment.
Executives
Hu Zhou Shi Wu Xing Qu Guo You Zi Ben Jian Du Guan Li Fu Wu Zhong Xin 2201 Interest of corporation controlled by you
Mao Huixin 2101 Beneficial owner
Lcm-iv General Partner Ltd 2101 Beneficial owner
Lunar Capital Partners Iv Gp, Lp 2101 Beneficial owner
Lunar Capital Partners Iv Lp 2101 Beneficial owner
Natural Seasoning International (hk) Limited 2101 Beneficial owner
Natural Seasoning International Limited 2101 Beneficial owner
Chen Weizhong 2201 Interest of corporation controlled by you
Xing Liyu 2202 Interest of your spouse
Key Shine Global Holdings Limited 2101 Beneficial owner
Osiris International Trustees Limited 2201 Interest of corporation controlled by you
Super Sun & Moon Co., Limited 2201 Interest of corporation controlled by you
Zhong Hai Cheng Feng Bei Jing Zi Ben Guan Li You Xian Gong Si 2201 Interest of corporation controlled by you
Tcl Technology Group Corporation (formerly Known As Tcl Corporation) 2201 Interest of corporation controlled by you

Honworld Group (HKSE:02226) Headlines

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