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Honbridge Holdings (HKSE:08137) Financial Strength : 5 (As of Jun. 2024)


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What is Honbridge Holdings Financial Strength?

Honbridge Holdings 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.

GuruFocus does not calculate Honbridge Holdings's interest coverage with the available data. As of today, Honbridge Holdings's Altman Z-Score is 2.67.


Competitive Comparison of Honbridge Holdings's Financial Strength

For the Electrical Equipment & Parts subindustry, Honbridge Holdings'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.


Honbridge Holdings's Financial Strength Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Honbridge Holdings's Financial Strength distribution charts can be found below:

* The bar in red indicates where Honbridge Holdings's Financial Strength falls into.



Honbridge Holdings 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:

Honbridge Holdings's Interest Expense for the months ended in Jun. 2024 was HK$0.0 Mil. Its Operating Income for the months ended in Jun. 2024 was HK$0.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was HK$105.8 Mil.

Honbridge Holdings's Interest Coverage for the quarter that ended in Jun. 2024 is

GuruFocus does not calculate Honbridge Holdings's interest coverage with the available data.

The higher the ratio, the stronger the company's financial strength is.

2. Debt to revenue ratio. The lower, the better.

Honbridge Holdings's Debt to Revenue Ratio for the quarter that ended in Jun. 2024 is

Debt to Revenue Ratio=Total Debt (Q: Jun. 2024 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(21.105 + 105.832) / 0
=N/A

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.

Honbridge Holdings has a Z-score of 2.67, indicating it is in Grey Zones. This implies that Honbridge Holdings 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 2.67 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.


Honbridge Holdings  (HKSE:08137) 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.

Honbridge Holdings has the Financial Strength Rank of 5.


Honbridge Holdings Financial Strength Related Terms

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Honbridge Holdings Business Description

Traded in Other Exchanges
N/A
Address
18 Harbour Road, Unit 5402, 54th Floor, Central Plaza, Wanchai, Hong Kong, HKG
Honbridge Holdings Ltd is a Hong Kong-based company mainly involved in mineral resources exploration and lithium battery production. The company reports in three segments that are Mineral resources exploration and trading, which includes research and exploration of mineral resources and trading of copper and steel; Lithium battery production, which is into production and sale of lithium battery; and Online car-hailing and related services segment. The vast majority of the revenue is generated from the Lithium battery production segment. The company operates in China, Belgium, and Sweden, out of which China accounts for the majority of the revenue.
Executives
Li Shu Fu 2201 Interest of corporation controlled by you
Geely Group Limited 2201 Interest of corporation controlled by you
Foo Yatyan 2202 Interest of your spouse
Hong Bridge Capital Limited 2101 Beneficial owner
Li Xingxing 2201 Interest of corporation controlled by you
Li Shu Fu 2201 Interest of corporation controlled by you
Geely International (hong Kong) Limited 2101 Beneficial owner
Zhejiang Geely Holding Group Company Limited 2201 Interest of corporation controlled by you
He Xuechu 2201 Interest of corporation controlled by you

Honbridge Holdings Headlines

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