Inovest BSC (KUW:INOVEST) Financial Strength : 0 (As of Mar. 2024)

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What is Inovest BSC Financial Strength?

Inovest BSC 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.

Inovest BSC did not have earnings to cover the interest expense. Inovest BSC's debt to revenue ratio for the quarter that ended in Mar. 2024 was 0.01. As of today, Inovest BSC's Altman Z-Score is 0.93.

Competitive Comparison of Inovest BSC's Financial Strength

For the Asset Management subindustry, Inovest BSC'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.

Inovest BSC's Financial Strength Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Inovest BSC's Financial Strength distribution charts can be found below:

* The bar in red indicates where Inovest BSC's Financial Strength falls into.

Inovest BSC 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:

Inovest BSC's Interest Expense for the months ended in Mar. 2024 was KWD-0.01 Mil. Its Operating Income for the months ended in Mar. 2024 was KWD-0.08 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was KWD0.10 Mil.

Inovest BSC's Interest Coverage for the quarter that ended in Mar. 2024 is

Inovest BSC 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.

Inovest BSC's Debt to Revenue Ratio for the quarter that ended in Mar. 2024 is

Debt to Revenue Ratio	=	Total Debt (Q: Mar. 2024 )			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(0	+	0.099)	/	7.776
	=	0.01

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.

Inovest BSC has a Z-score of 0.93, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.

Warning Sign:

Altman Z-score of 0.93 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.

Inovest BSC (KUW:INOVEST) 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.

Inovest BSC has the Financial Strength Rank of 0.

Inovest BSC Financial Strength Related Terms

Thank you for viewing the detailed overview of Inovest BSC's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.

Inovest BSC (KUW:INOVEST) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Inovest BSC (KUW:INOVEST) » Definitions » Financial Strength

Comparable Companies

Traded in Other Exchanges

INOVEST:Bahrain

Address

King Faisal Street, Bahrain Financial Harbour, 35th Floor, P.O. Box 18334, East Tower, Manama, BHR

Website

https://www.inovest.bh

Inovest BSC is an investment company. The principal business activity of the company includes all types of investments, including direct investment and securities, and varied investment funds; establishing and managing various investment funds; and dealing in financial instruments in the local, regional and international markets. Its segments are Investment and related services, Construction contracts, Development and sale of industrial plots and Property and facility management services.

Inovest BSC (KUW:INOVEST) Headlines

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