What is Panasonic Manufacturing Philippines Financial Strength?
Panasonic Manufacturing Philippines has the Financial Strength Rank of 9. It shows strong financial strength and is unlikely to fall into distressed situations.
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.
Panasonic Manufacturing Philippines has no long-term debt (1).
Panasonic Manufacturing Philippines's debt to revenue ratio for the quarter that ended in Dec. 2023 was 0.00.
As of today, Panasonic Manufacturing Philippines's Altman Z-Score is 2.82.
(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
Competitive Comparison of Panasonic Manufacturing Philippines's Financial Strength
For the Consumer Electronics subindustry, Panasonic Manufacturing Philippines'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.
Panasonic Manufacturing Philippines's Financial Strength Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Panasonic Manufacturing Philippines's Financial Strength distribution charts can be found below:
* The bar in red indicates where Panasonic Manufacturing Philippines'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:
Panasonic Manufacturing Philippines had no long-term debt (1).
The higher the ratio, the stronger the company's financial strength is.
Good Sign:
Ben Graham prefers companies' interest coverage to be at least 5. Panasonic Manufacturing Philippines Corp has enough cash to cover all of its debt. Its financial situation is stable.
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.
Panasonic Manufacturing Philippines has a Z-score of 2.82, indicating it is in Grey Zones. This implies that Panasonic Manufacturing Philippines 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 2.82 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.
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.
Panasonic Manufacturing Philippines has the Financial Strength Rank of 9. It shows strong financial strength and is unlikely to fall into distressed situations.
Panasonic Manufacturing Philippines Financial Strength Related Terms
Thank you for viewing the detailed overview of Panasonic Manufacturing Philippines's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.
Panasonic Manufacturing Philippines (PHS:PMPC) Business Description
Panasonic Manufacturing Philippines Corp company is a manufacturer, importer, and distributor of electronic, electrical, mechanical, and electro-mechanical appliances, and other types of machinery, parts, components, and batteries. The business of the company operates in segments that include Consumer, which sells products for the media and entertainment industry; System Solutions Group, which sells security systems and projectors; Life Solutions includes lamps, ventilation fans, Panasonic Nanoe Generator (PNG), and other lighting accessories and others, which sells supermarket refrigeration products. The Consumer segment generates maximum revenue for the company. It sells all its products under the brand name Panasonic. Its geographical segments are the Philippines, Hongkong, and Taiwan.
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