What is Al Gassim Investment Holding Co Financial Strength?
Al Gassim Investment Holding Co has the Financial Strength Rank of 10. It shows strong financial strength and is unlikely to fall into distressed situations.
Good Sign:
Al Gassim Investment Holding Co 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.
Al Gassim Investment Holding Co has no long-term debt (1).
Al Gassim Investment Holding Co's debt to revenue ratio for the quarter that ended in Dec. 2023 was 0.00.
As of today, Al Gassim Investment Holding Co's Altman Z-Score is 2.38.
(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 Al Gassim Investment Holding Co's Financial Strength
For the Farm Products subindustry, Al Gassim Investment Holding 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.
Al Gassim Investment Holding Co's Financial Strength Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Al Gassim Investment Holding Co's Financial Strength distribution charts can be found below:
* The bar in red indicates where Al Gassim Investment Holding Co's Financial Strength falls into.
Al Gassim Investment Holding 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:
Al Gassim Investment Holding Co'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 ﷼2.86 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ﷼0.00 Mil.
Al Gassim Investment Holding Co's Interest Coverage for the quarter that ended in Dec. 2023 is
| Al Gassim Investment Holding Co had no long-term debt (1). |
The higher the ratio, the stronger the company's financial strength is.
Good Sign:
Al Gassim Investment Holding Co has no debt.
2. Debt to revenue ratio. The lower, the better.
Al Gassim Investment Holding 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.
Al Gassim Investment Holding Co has a Z-score of 2.38, indicating it is in Grey Zones. This implies that Al Gassim Investment Holding Co 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 2.38 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.
Al Gassim Investment Holding Co (SAU:6020) Business Description
Traded in Other Exchanges
N/A
Address
King Fahd Road West, P.O. Box 2210, Qassim, Buraidah, SAU, 51451
Al Gassim Investment Holding Co is engaged in the agricultural and livestock businesses. It also imports and transports cereals, fodder, and agricultural equipment.
Al Gassim Investment Holding Co (SAU:6020) Headlines
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