What is Ajial Real Estate & Entertainment Co Financial Strength?
Ajial Real Estate & Entertainment Co has the Financial Strength Rank of 4.
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.
Ajial Real Estate & Entertainment Co's Interest Coverage for the quarter that ended in Mar. 2024 was 2.46.
Ajial Real Estate & Entertainment Co's debt to revenue ratio for the quarter that ended in Mar. 2024 was 4.20.
As of today, Ajial Real Estate & Entertainment Co's Altman Z-Score is 1.56.
Competitive Comparison of Ajial Real Estate & Entertainment Co's Financial Strength
For the Real Estate Services subindustry, Ajial Real Estate & Entertainment 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.
Ajial Real Estate & Entertainment Co's Financial Strength Distribution in the Real Estate Industry
For the Real Estate industry and Real Estate sector, Ajial Real Estate & Entertainment Co's Financial Strength distribution charts can be found below:
* The bar in red indicates where Ajial Real Estate & Entertainment Co's Financial Strength falls into.
Ajial Real Estate & Entertainment 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:
Ajial Real Estate & Entertainment Co's Interest Expense for the
months ended in Mar. 2024 was KWD-0.42 Mil. Its Operating Income for the
months ended in Mar. 2024 was KWD1.02 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was KWD29.88 Mil.
Ajial Real Estate & Entertainment Co's Interest Coverage for the quarter that ended in Mar. 2024 is
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
Ajial Real Estate & Entertainment Co's Debt to Revenue Ratio for the quarter that ended in Mar. 2024 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.
Ajial Real Estate & Entertainment Co has a Z-score of 1.56, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
Warning Sign:
Altman Z-score of 1.56 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.
Ajial Real Estate & Entertainment Co (KUW:AREEC) Business Description
Traded in Other Exchanges
N/A
Address
Al Hamra Tower, 26th Floor, Office No. 2, P.O. Box 22448, Safat, Kuwait City, KWT, 13085
Ajial Real Estate & Entertainment Co is a real estate company. Its activities include buying and selling lands, renting and selling of real estate domestically and outside Kuwait, establishing and maintaining residential complexes, the building of commercial markets and entertainment centres, touristic facilities and special accommodations, provide contracting services and trading of building materials. The company's segments include Real estate investing activities that invests and trades in real estate and construction or development of real estate for the sale; and Equities and other investing activities that invest in financial and real estate funds and manages the group's liquidity requirements.
Ajial Real Estate & Entertainment Co (KUW:AREEC) Headlines
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