What is Prajay Engineers Syndicate Financial Strength?
Prajay Engineers Syndicate 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:
Prajay Engineers Syndicate Ltd 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.
Prajay Engineers Syndicate did not have earnings to cover the interest expense.
Prajay Engineers Syndicate's debt to revenue ratio for the quarter that ended in Dec. 2024 was 0.00.
As of today, Prajay Engineers Syndicate's Altman Z-Score is 0.62.
Competitive Comparison of Prajay Engineers Syndicate's Financial Strength
For the Real Estate - Development subindustry, Prajay Engineers Syndicate'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.
Prajay Engineers Syndicate's Financial Strength Distribution in the Real Estate Industry
For the Real Estate industry and Real Estate sector, Prajay Engineers Syndicate's Financial Strength distribution charts can be found below:
* The bar in red indicates where Prajay Engineers Syndicate's Financial Strength falls into.
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:
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.
Prajay Engineers Syndicate has a Z-score of 0.62, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
Warning Sign:
Altman Z-score of 0.62 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.
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.
Prajay Engineers Syndicate 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.
Prajay Engineers Syndicate Financial Strength Related Terms
Thank you for viewing the detailed overview of Prajay Engineers Syndicate's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.
Prajay Engineers Syndicate Ltd is a real estate company. Its operating segment includes the Real estate segment and Hospitality Hotels and Resorts. It generates maximum revenue from the Real estate segment which is into development, sale, management, and operation of all or any part of townships, housing projects as well as leasing of self-owned commercial premises. The hotels and resorts segment (HR) is involved in the upkeep and maintenance of hotels, restaurants, and resorts. Geographically, it operates only in India.
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