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Ever Fortune.AI Co (ROCO:6841) Financial Strength : 9 (As of Sep. 2024)


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What is Ever Fortune.AI Co Financial Strength?

Ever Fortune.AI Co has the Financial Strength Rank of 9. It shows strong financial strength and is unlikely to fall into distressed situations.

Good Sign:

Ever Fortune.AI 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.

Ever Fortune.AI Co's Interest Coverage for the quarter that ended in Sep. 2024 was 195.00. Ever Fortune.AI Co's debt to revenue ratio for the quarter that ended in Sep. 2024 was 0.02. As of today, Ever Fortune.AI Co's Altman Z-Score is 31.75.


Competitive Comparison of Ever Fortune.AI Co's Financial Strength

For the Health Information Services subindustry, Ever Fortune.AI 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.


Ever Fortune.AI Co's Financial Strength Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Ever Fortune.AI Co's Financial Strength distribution charts can be found below:

* The bar in red indicates where Ever Fortune.AI Co's Financial Strength falls into.



Ever Fortune.AI 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:

Ever Fortune.AI Co's Interest Expense for the months ended in Sep. 2024 was NT$-0.0 Mil. Its Operating Income for the months ended in Sep. 2024 was NT$5.5 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was NT$3.3 Mil.

Ever Fortune.AI Co's Interest Coverage for the quarter that ended in Sep. 2024 is

Interest Coverage=-1*Operating Income (Q: Sep. 2024 )/Interest Expense (Q: Sep. 2024 )
=-1*5.46/-0.028
=195.00

The higher the ratio, the stronger the company's financial strength is.

2. Debt to revenue ratio. The lower, the better.

Ever Fortune.AI Co's Debt to Revenue Ratio for the quarter that ended in Sep. 2024 is

Debt to Revenue Ratio=Total Debt (Q: Sep. 2024 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(3.231 + 3.303) / 342.1
=0.02

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.

Ever Fortune.AI Co has a Z-score of 31.75, indicating it is in Safe Zones. This implies the Z-Score is strong.

Good Sign:

Altman Z-score of 31.75 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.


Ever Fortune.AI Co  (ROCO:6841) 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.

Ever Fortune.AI Co has the Financial Strength Rank of 9. It shows strong financial strength and is unlikely to fall into distressed situations.


Ever Fortune.AI Co Financial Strength Related Terms

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Ever Fortune.AI Co Business Description

Traded in Other Exchanges
N/A
Address
Taiwan Boulevard, Room I, 8th Floor, No. 573, Section 2, West District, Taichung, TWN, 403
Ever Fortune.AI Co Ltd is composed of professional AI Solution Architects, Biomedical Information Engineers, and big Data Scientists. It provides a complete solution for the development of medical AI and uses deep learning technologies to transform big data into functional models. The results both provide a professional second opinion for doctors and assist clinical doctors in making a medical diagnosis, which in turn raises the speed, accuracy, and efficiency of medical decisions.

Ever Fortune.AI Co Headlines

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