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MOBI Industry Co (SAU:9517) Financial Strength : 7 (As of Jun. 2024)


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What is MOBI Industry Co Financial Strength?

MOBI Industry Co has the Financial Strength Rank of 7.

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is rated on a scale of 1 to 10 and 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.
4. Other debt related ratios.

A higher score indicates a stronger financial position, with companies rated 7 or above considered financially stable and unlikely to face distress. Conversely, a score of 3 or below suggests potential financial difficulties, indicating a higher risk of distress.

MOBI Industry Co's Interest Coverage for the quarter that ended in Jun. 2024 was 19.34. MOBI Industry Co's debt to revenue ratio for the quarter that ended in Jun. 2024 was 0.11. As of today, MOBI Industry Co's Altman Z-Score is 10.33.


Competitive Comparison of MOBI Industry Co's Financial Strength

For the Chemicals subindustry, MOBI Industry 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.


MOBI Industry Co's Financial Strength Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, MOBI Industry Co's Financial Strength distribution charts can be found below:

* The bar in red indicates where MOBI Industry Co's Financial Strength falls into.


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MOBI Industry 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:

MOBI Industry Co's Interest Expense for the months ended in Jun. 2024 was ﷼-1.1 Mil. Its Operating Income for the months ended in Jun. 2024 was ﷼22.1 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was ﷼4.5 Mil.

MOBI Industry Co's Interest Coverage for the quarter that ended in Jun. 2024 is

Interest Coverage=-1*Operating Income (Q: Jun. 2024 )/Interest Expense (Q: Jun. 2024 )
=-1*22.107/-1.143
=19.34

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

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

MOBI Industry Co's Debt to Revenue Ratio for the quarter that ended in Jun. 2024 is

Debt to Revenue Ratio=Total Debt (Q: Jun. 2024 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(22.006 + 4.486) / 235.156
=0.11

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.

MOBI Industry Co has a Z-score of 10.33, indicating it is in Safe Zones. This implies the Z-Score is strong.

Good Sign:

Altman Z-score of 10.33 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.


MOBI Industry Co  (SAU:9517) Financial Strength Explanation

The rank is rated on a scale of 1 to 10. A higher score indicates a stronger financial position, with companies rated 7 or above considered financially stable and unlikely to face distress. Conversely, a score of 3 or below suggests potential financial difficulties, indicating a higher risk of distress.

MOBI Industry Co has the Financial Strength Rank of 7.


MOBI Industry Co Financial Strength Related Terms

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MOBI Industry Co Business Description

Traded in Other Exchanges
N/A
Address
220 Second Industrial City Street, P.O. Box 1239, Riyadh, SAU, 11431
MOBI Industry Co is a Saudi Arabia-based company. It engaged in the manufacture of fertilizers and nitrogenous compounds, the manufacture of phosphate and potash fertilizers, the manufacture of plastics in their primary forms, the manufacture of household insect and rodenticides, the manufacture of soap in all its forms, including (paste, liquid, and dry), the manufacture shampoos and industrial detergents, Manufacture of floor, glass, and furniture polishes and scouring powders, manufacture of washing and cleaning materials and preparations, manufacture of preparations for perfuming rooms and removing odors, and manufacturing of bottles of various forms of plastics. It has two segments Fertilizers segment and the Detergent segment.

MOBI Industry Co Headlines

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