What is AS Latvijas Juras medicinas centrs Financial Strength?
AS Latvijas Juras medicinas centrs has the Financial Strength Rank of 8. It shows strong financial strength and is unlikely to fall into distressed situations.
Good Sign:
AS Latvijas Juras medicinas centrs shows strong financial strength.
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.
AS Latvijas Juras medicinas centrs did not have earnings to cover the interest expense.
AS Latvijas Juras medicinas centrs's debt to revenue ratio for the quarter that ended in Dec. 2023 was 0.00.
As of today, AS Latvijas Juras medicinas centrs's Altman Z-Score is 2.68.
Competitive Comparison of AS Latvijas Juras medicinas centrs's Financial Strength
For the Medical Care Facilities subindustry, AS Latvijas Juras medicinas centrs'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.
AS Latvijas Juras medicinas centrs's Financial Strength Distribution in the Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, AS Latvijas Juras medicinas centrs's Financial Strength distribution charts can be found below:
* The bar in red indicates where AS Latvijas Juras medicinas centrs's Financial Strength falls into.
AS Latvijas Juras medicinas centrs 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:
AS Latvijas Juras medicinas centrs's Interest Expense for the
months ended in Dec. 2023 was €-0.00 Mil. Its Operating Income for the
months ended in Dec. 2023 was €-0.13 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €0.00 Mil.
AS Latvijas Juras medicinas centrs's Interest Coverage for the quarter that ended in Dec. 2023 is
| AS Latvijas Juras medicinas centrs 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.
AS Latvijas Juras medicinas centrs's Debt to Revenue Ratio for the quarter that ended in Dec. 2023 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.
AS Latvijas Juras medicinas centrs has a Z-score of 2.68, indicating it is in Grey Zones. This implies that AS Latvijas Juras medicinas centrs is in some kind of financial stress. If it is below 1.81, the company may faces bankrupcy risk.
Warning Sign:
Altman Z-score of 2.68 is in the grey area. This implies that the company is under some kind of financial stress. If it is below 1.8, the company may face bankruptcy risk.
* 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.
AS Latvijas Juras medicinas centrs (ORSE:LJM1R) Business Description
Traded in Other Exchanges
N/A
Address
Patversmes iela 23, Riga, LVA, LV-1005
AS Latvijas Juras medicinas centrs is engaged in the provision of healthcare services. It operates hospitals and diagnostic centers. The company offers diagnostics services, magnetic resonance imaging, radiological diagnostics services, and ambulance services. It is also engaged in General medical practice activities, Special medical practice activities, Residential nursing care activities, Retail sale of medical and orthopedic goods in specialized stores, and Other personal service activities. The majority of the revenue is generated from the Ambulatory Medical Services.
AS Latvijas Juras medicinas centrs (ORSE:LJM1R) Headlines
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