What is Heatec Jietong Holdings Financial Strength?
Heatec Jietong Holdings has the Financial Strength Rank of 0.
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.
Heatec Jietong Holdings's Interest Coverage for the quarter that ended in Jun. 2023 was 0.35.
Heatec Jietong Holdings's debt to revenue ratio for the quarter that ended in Jun. 2023 was 0.31.
As of today, Heatec Jietong Holdings's Altman Z-Score is 1.52.
Competitive Comparison of Heatec Jietong Holdings's Financial Strength
For the Oil & Gas Equipment & Services subindustry, Heatec Jietong Holdings'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.
Heatec Jietong Holdings's Financial Strength Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Heatec Jietong Holdings's Financial Strength distribution charts can be found below:
* The bar in red indicates where Heatec Jietong Holdings's Financial Strength falls into.
Heatec Jietong Holdings 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:
Heatec Jietong Holdings's Interest Expense for the
months ended in Jun. 2023 was S$-0.25 Mil. Its Operating Income for the
months ended in Jun. 2023 was S$0.09 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was S$2.00 Mil.
Heatec Jietong Holdings's Interest Coverage for the quarter that ended in Jun. 2023 is
The higher the ratio, the stronger the company's financial strength is.
Warning Sign:
Ben Graham prefers companies' interest coverage to be at least 5. Heatec Jietong Holdings Ltds earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.
2. Debt to revenue ratio. The lower, the better.
Heatec Jietong Holdings's Debt to Revenue Ratio for the quarter that ended in Jun. 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.
Heatec Jietong Holdings has a Z-score of 1.52, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
Warning Sign:
Altman Z-score of 1.52 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.
Heatec Jietong Holdings (SGX:5OR) Business Description
Traded in Other Exchanges
N/A
Address
No. 10 Tuas South Street 15, Singapore, SGP, 637076
Heatec Jietong Holdings Ltd is engaged in offering piping and heat exchanger services for the marine and oil and gas industries. The company's segments include Piping, Heat Exchangers, and Chemical cleaning. The Piping segment is engaged in the fabrication and installation of various types of piping. The Heat Exchanger segment, which derives the majority of revenue, engages in servicing and fabrication of heat exchangers. The Chemical cleaning segment is engaged in the provision of chemical cleaning services to ships and marine vessels. The Group's operations are carried out in Singapore.
Heatec Jietong Holdings (SGX:5OR) Headlines
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