What is Zhejiangnhua Intelligent Controls Co Financial Strength?
Zhejiangnhua Intelligent Controls Co has the Financial Strength Rank of 7.
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.
Zhejiangnhua Intelligent Controls Co's Interest Coverage for the quarter that ended in Mar. 2024 was 25.59.
Zhejiangnhua Intelligent Controls Co's debt to revenue ratio for the quarter that ended in Mar. 2024 was 0.16.
As of today, Zhejiangnhua Intelligent Controls Co's Altman Z-Score is 5.60.
Competitive Comparison of Zhejiangnhua Intelligent Controls Co's Financial Strength
For the Specialty Industrial Machinery subindustry, Zhejiangnhua Intelligent Controls 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.
Zhejiangnhua Intelligent Controls Co's Financial Strength Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Zhejiangnhua Intelligent Controls Co's Financial Strength distribution charts can be found below:
* The bar in red indicates where Zhejiangnhua Intelligent Controls Co's Financial Strength falls into.
Zhejiangnhua Intelligent Controls 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:
Zhejiangnhua Intelligent Controls Co's Interest Expense for the
months ended in Mar. 2024 was ¥-34 Mil. Its Operating Income for the
months ended in Mar. 2024 was ¥882 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥2,119 Mil.
Zhejiangnhua Intelligent Controls Co's Interest Coverage for the quarter that ended in Mar. 2024 is
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
Zhejiangnhua Intelligent Controls Co's Debt to Revenue Ratio for the quarter that ended in Mar. 2024 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.
Zhejiangnhua Intelligent Controls Co has a Z-score of 5.60, indicating it is in Safe Zones. This implies the Z-Score is strong.
Good Sign:
Altman Z-score of 5.6 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.
Zhejiangnhua Intelligent Controls Co (SZSE:002050) Business Description
Traded in Other Exchanges
N/A
Address
Xiali Street, Qixing Street, Xinchang County, Zhejiang Province, Shaoxing, CHN, 312500
Zhejiang Sanhua Intelligent Controls Co Ltd is an HVAC&R manufacturer of controls and components. It is engaged in the research and development, manufacture and distribution of refrigeration and air-conditioning control components, which include 4-way reversing valves, solenoid valves, and electronic expansion valves. The products offered by the company are standard controls and line components, customized controls and line components, electronic controls, and micro-channel heat exchanger. The products have application in air conditioning, commercial refrigeration, heat pump and home appliances. The organization supplies its products in China and internationally.
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