What is Zamil Industrial Investment Co Financial Strength?
Zamil Industrial Investment Co 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:
Zamil Industrial Investment Co 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 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.
Zamil Industrial Investment Co's Interest Coverage for the quarter that ended in Mar. 2024 was 0.47.
Zamil Industrial Investment Co's debt to revenue ratio for the quarter that ended in Mar. 2024 was 0.45.
As of today, Zamil Industrial Investment Co's Altman Z-Score is 0.88.
Competitive Comparison of Zamil Industrial Investment Co's Financial Strength
For the Building Products & Equipment subindustry, Zamil Industrial Investment 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.
Zamil Industrial Investment Co's Financial Strength Distribution in the Construction Industry
For the Construction industry and Industrials sector, Zamil Industrial Investment Co's Financial Strength distribution charts can be found below:
* The bar in red indicates where Zamil Industrial Investment Co's Financial Strength falls into.
Zamil Industrial Investment 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.
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.
Zamil Industrial Investment Co has a Z-score of 0.88, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
Warning Sign:
Altman Z-score of 0.88 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.
Zamil Industrial Investment Co (SAU:2240) 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.
Zamil Industrial Investment Co 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.
Zamil Industrial Investment Co Financial Strength Related Terms
Thank you for viewing the detailed overview of Zamil Industrial Investment Co's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.
Zamil Industrial Investment Co (SAU:2240) Business Description
Zamil Industrial Investment Co is engaged in the development of design and engineering solutions for use in the construction industry. It designs and manufactures pre-engineered steel buildings, steel structures, air conditioning and climate control systems, telecom and transmission towers, process equipment, precast concrete building products, rock wool, fiberglass and engineered plastic foam insulations, and solar power projects. Its operating segments are the Air conditioners industry; the Steel industry; the Insulation industry; and Corporate and others. The key revenue is derived from the Air conditioners industry and the Steel industry. The company has a business presence in Saudi Arabia, Africa, and Other Asian countries, of which key revenue is derived from Saudi Arabia.
Zamil Industrial Investment Co (SAU:2240) Headlines
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