What is YH Entertainment Group Financial Strength?
YH Entertainment Group has the Financial Strength Rank of 7.
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.
YH Entertainment Group's Interest Coverage for the quarter that ended in Dec. 2023 was 15.78.
YH Entertainment Group's debt to revenue ratio for the quarter that ended in Dec. 2023 was 0.36.
As of today, YH Entertainment Group's Altman Z-Score is 2.64.
Competitive Comparison of YH Entertainment Group's Financial Strength
For the Entertainment subindustry, YH Entertainment 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.
YH Entertainment Group's Financial Strength Distribution in the Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, YH Entertainment Group's Financial Strength distribution charts can be found below:
* The bar in red indicates where YH Entertainment Group's Financial Strength falls into.
YH Entertainment 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:
YH Entertainment Group's Interest Expense for the
months ended in Dec. 2023 was HK$-2.0 Mil. Its Operating Income for the
months ended in Dec. 2023 was HK$31.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$298.2 Mil.
YH Entertainment Group's Interest Coverage for the quarter that ended in Dec. 2023 is
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
YH Entertainment Group'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.
YH Entertainment Group has a Z-score of 2.64, indicating it is in Grey Zones. This implies that YH Entertainment Group is in some kind of financial stress. If it is below 1.81, the company may faces bankrupcy risk.
Warning Sign:
Altman Z-score of 2.64 is in the grey area. This implies that the company is under some kind of financial stress. If it is below 1.8, the company may face bankruptcy risk.
* 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.
YH Entertainment Group (HKSE:02306) Business Description
Traded in Other Exchanges
Address
No. 27 West Dawang Road, Room 150, Building 119, Chaoyang District, Beijing, CHN
YH Entertainment Group is an artist management company in China. The company has grown into a cultural and entertainment platform comprising three complementary business segments artist management, music IP production and operation, and pan-entertainment business. The artist management business, provides services to customers, including corporate customers, media platforms, content producers, and advertising agencies, by arranging for managed artists to participate in commercial activities and perform in movies, drama series, and a variety of programs. With the music IP production and operation business, the company licenses the music IPs in the library to music streaming platforms and other music service providers for licensing fees and sells digital and physical copies of music IPs.
Executives
YH Entertainment Group (HKSE:02306) Headlines
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