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National Home Furniture Industries (IQS:IHFI) Financial Strength : 0 (As of . 20)


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What is National Home Furniture Industries Financial Strength?

National Home Furniture Industries 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.

National Home Furniture Industries did not have earnings to cover the interest expense. As of today, National Home Furniture Industries's Altman Z-Score is 0.00.


Competitive Comparison of National Home Furniture Industries's Financial Strength

For the Furnishings, Fixtures & Appliances subindustry, National Home Furniture Industries'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.


National Home Furniture Industries's Financial Strength Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, National Home Furniture Industries's Financial Strength distribution charts can be found below:

* The bar in red indicates where National Home Furniture Industries's Financial Strength falls into.



National Home Furniture Industries 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:

National Home Furniture Industries's Interest Expense for the months ended in . 20 was ع.د0.00 Mil. Its Operating Income for the months ended in . 20 was ع.د0.00 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in . 20 was ع.د0.00 Mil.

National Home Furniture Industries's Interest Coverage for the quarter that ended in . 20 is

National Home Furniture Industries had no long-term debt (1).

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

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

National Home Furniture Industries's Debt to Revenue Ratio for the quarter that ended in . 20 is

Debt to Revenue Ratio=Total Debt (Q: . 20 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=( + ) / 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.

National Home Furniture Industries has a Z-score of 0.00, indicating it is in Distress Zones. This implies bankrupcy 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.


National Home Furniture Industries  (IQS:IHFI) 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.

National Home Furniture Industries has the Financial Strength Rank of 0.


National Home Furniture Industries Financial Strength Related Terms

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National Home Furniture Industries (IQS:IHFI) Business Description

Traded in Other Exchanges
N/A
Address
Entrance of Duhok Road, Bessan, Mosul, IRQ
Website
National Home Furniture Industries manufactures furniture and household products. It manufactures, office chairs and tables, television cabinets and tables, wooden benches, institutional furniture, and other related furniture products.

National Home Furniture Industries (IQS:IHFI) Headlines

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