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Hangng (Siu Po) International Holding Co (HKSE:03626) Financial Strength : 7 (As of Dec. 2023)


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What is Hangng (Siu Po) International Holding Co Financial Strength?

Hangng (Siu Po) International Holding Co 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.

Hangng (Siu Po) International Holding Co did not have earnings to cover the interest expense. Hangng (Siu Po) International Holding Co's debt to revenue ratio for the quarter that ended in Dec. 2023 was 0.12. As of today, Hangng (Siu Po) International Holding Co's Altman Z-Score is 1.47.


Competitive Comparison of Hangng (Siu Po) International Holding Co's Financial Strength

For the Specialty Business Services subindustry, Hangng (Siu Po) International Holding 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.


Hangng (Siu Po) International Holding Co's Financial Strength Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Hangng (Siu Po) International Holding Co's Financial Strength distribution charts can be found below:

* The bar in red indicates where Hangng (Siu Po) International Holding Co's Financial Strength falls into.



Hangng (Siu Po) International Holding 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:

Hangng (Siu Po) International Holding Co's Interest Expense for the months ended in Dec. 2023 was HK$-0.27 Mil. Its Operating Income for the months ended in Dec. 2023 was HK$-3.98 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$2.11 Mil.

Hangng (Siu Po) International Holding Co's Interest Coverage for the quarter that ended in Dec. 2023 is

Hangng (Siu Po) International Holding 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.

Hangng (Siu Po) International Holding 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
=(4.902 + 2.109) / 56.754
=0.12

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.

Hangng (Siu Po) International Holding Co has a Z-score of 1.47, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.

Warning Sign:

Altman Z-score of 1.47 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.


Hangng (Siu Po) International Holding Co  (HKSE:03626) 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.

Hangng (Siu Po) International Holding Co has the Financial Strength Rank of 7.


Hangng (Siu Po) International Holding Co Financial Strength Related Terms

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Hangng (Siu Po) International Holding Co (HKSE:03626) Business Description

Traded in Other Exchanges
N/A
Address
No. 16 Cheung Yue Street, Block C, 5th Floor, Gee Hing Chang Industrial Building, Cheung Sha Wan, Kowloon, Hong Kong, HKG
Hang Sang (Siu Po) International Holding Co Ltd is engaged in the manufacturing and sale of apparel labels and packaging printing products and trading and online distribution of food, daily necessities and utility products. Its products include books/ catalogues/ booklets, Greeting Cards/ catering, Business cards, Stationery, leaflets/ newspaper, Calendar and packaging. It has two segments printing and Food and daily necessities. Geographically, it derives a majority of its revenue from Hong Kong.

Hangng (Siu Po) International Holding Co (HKSE:03626) Headlines

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