What is New Era Electronics Co Financial Strength?
New Era Electronics Co has the Financial Strength Rank of 10. It shows strong financial strength and is unlikely to fall into distressed situations.
Good Sign:
New Era Electronics Co Ltd 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.
New Era Electronics Co has no long-term debt (1).
New Era Electronics Co's debt to revenue ratio for the quarter that ended in Dec. 2023 was 0.03.
As of today, New Era Electronics Co's Altman Z-Score is 22.40.
(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 New Era Electronics Co's Financial Strength
For the Electronic Components subindustry, New Era Electronics 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.
New Era Electronics Co's Financial Strength Distribution in the Hardware Industry
For the Hardware industry and Technology sector, New Era Electronics Co's Financial Strength distribution charts can be found below:
* The bar in red indicates where New Era Electronics Co's Financial Strength falls into.
New Era Electronics 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:
New Era Electronics Co's Interest Expense for the
months ended in Dec. 2023 was NT$0.0 Mil. Its Operating Income for the
months ended in Dec. 2023 was NT$16.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was NT$0.0 Mil.
New Era Electronics Co's Interest Coverage for the quarter that ended in Dec. 2023 is
| New Era Electronics Co 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. New Era Electronics Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.
2. Debt to revenue ratio. The lower, the better.
New Era Electronics Co'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.
New Era Electronics Co has a Z-score of 22.40, indicating it is in Safe Zones. This implies the Z-Score is strong.
Good Sign:
Altman Z-score of 22.4 is strong.
* 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.
New Era Electronics Co (ROCO:4909) Business Description
Traded in Other Exchanges
N/A
Address
NO.45, 15th Jian, Wangjian Village, Sinwu Township, Taoyuan, TWN, 327
New Era Electronics Co Ltd is a Taiwan-based company that engages in the manufacture, and sale of printed circuit boards (PCB). The company is also engaged in the import and export of electronic products, electronic component manufacturing, telecommunications construction, wholesale of telecommunications apparatus, and wholesale and retail sales of electronic materials. The products of the company include high-frequency (HF) microwave communication substrates and printed circuit boards (PCBs).
New Era Electronics Co (ROCO:4909) Headlines
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