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PT Inocycle Technology Group Tbk (ISX:INOV) Financial Strength : 3 (As of . 20)


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What is PT Inocycle Technology Group Tbk Financial Strength?

PT Inocycle Technology Group Tbk has the Financial Strength Rank of 3. It displays poor financial strength and is likely in financial distress. Usually this is caused by too much debt for the company.

Warning Sign:

PT Inocycle Technology Group Tbk displays poor financial strength. Usually, this is caused by too much debt for the company.

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is rated on a scale of 1 to 10 and 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.
4. Other debt related ratios.

A higher score indicates a stronger financial position, with companies rated 7 or above considered financially stable and unlikely to face distress. Conversely, a score of 3 or below suggests potential financial difficulties, indicating a higher risk of distress.

PT Inocycle Technology Group Tbk did not have earnings to cover the interest expense. As of today, PT Inocycle Technology Group Tbk's Altman Z-Score is 0.00.


Competitive Comparison of PT Inocycle Technology Group Tbk's Financial Strength

For the Waste Management subindustry, PT Inocycle Technology Group Tbk'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.


PT Inocycle Technology Group Tbk's Financial Strength Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, PT Inocycle Technology Group Tbk's Financial Strength distribution charts can be found below:

* The bar in red indicates where PT Inocycle Technology Group Tbk's Financial Strength falls into.


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PT Inocycle Technology Group Tbk 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:

PT Inocycle Technology Group Tbk's Interest Expense for the months ended in . 20 was Rp0.00 Mil. Its Operating Income for the months ended in . 20 was Rp0.00 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in . 20 was Rp0.00 Mil.

PT Inocycle Technology Group Tbk's Interest Coverage for the quarter that ended in . 20 is

PT Inocycle Technology Group Tbk 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.

PT Inocycle Technology Group Tbk'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.

PT Inocycle Technology Group Tbk 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.


PT Inocycle Technology Group Tbk  (ISX:INOV) Financial Strength Explanation

The rank is rated on a scale of 1 to 10. A higher score indicates a stronger financial position, with companies rated 7 or above considered financially stable and unlikely to face distress. Conversely, a score of 3 or below suggests potential financial difficulties, indicating a higher risk of distress.

PT Inocycle Technology Group Tbk has the Financial Strength Rank of 3. It displays poor financial strength and is likely in financial distress. Usually this is caused by too much debt for the company.


PT Inocycle Technology Group Tbk Financial Strength Related Terms

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PT Inocycle Technology Group Tbk Business Description

Traded in Other Exchanges
N/A
Address
Jalan Putera Utama No. 10, Kawasan Industri Pasar Kemis, Desa Suka Asih, Kecamatan Pasar Kemis, Banten, Kabupaten Tangerang, Tangerang, IDN, 15560
PT Inocycle Technology Group Tbk is an Indonesia-based company engaged in the production of Recycled Polyester Staple Fiber by processing recycled plastic without waste. The Recycled Polyester Staple Fiber is a raw material for several products including non-woven manufacturing to automotive, construction, agriculture, infrastructure, and clothing and homeware. The company operates and manages the business in a single segment that provides non-woven products, polyester fiber, and sewing services.

PT Inocycle Technology Group Tbk Headlines