What is Hengdian Group Dmegc Magnetics Co Financial Strength?
Hengdian Group Dmegc Magnetics 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.
Hengdian Group Dmegc Magnetics Co's Interest Coverage for the quarter that ended in Mar. 2024 was 16.37.
Hengdian Group Dmegc Magnetics Co's debt to revenue ratio for the quarter that ended in Mar. 2024 was 0.10.
As of today, Hengdian Group Dmegc Magnetics Co's Altman Z-Score is 2.87.
Competitive Comparison of Hengdian Group Dmegc Magnetics Co's Financial Strength
For the Consumer Electronics subindustry, Hengdian Group Dmegc Magnetics 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.
Hengdian Group Dmegc Magnetics Co's Financial Strength Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Hengdian Group Dmegc Magnetics Co's Financial Strength distribution charts can be found below:
* The bar in red indicates where Hengdian Group Dmegc Magnetics Co's Financial Strength falls into.
Hengdian Group Dmegc Magnetics 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:
Hengdian Group Dmegc Magnetics Co's Interest Expense for the
months ended in Mar. 2024 was ¥-18 Mil. Its Operating Income for the
months ended in Mar. 2024 was ¥298 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥203 Mil.
Hengdian Group Dmegc Magnetics 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.
Hengdian Group Dmegc Magnetics 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.
Hengdian Group Dmegc Magnetics Co has a Z-score of 2.87, indicating it is in Grey Zones. This implies that Hengdian Group Dmegc Magnetics 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 2.87 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.
Hengdian Group Dmegc Magnetics Co (SZSE:002056) Business Description
Traded in Other Exchanges
N/A
Address
Hengdian Industrial Zone, Dongyang, Zhejiang, CHN, 322118
Hengdian Group Dmegc Magnetics Co Ltd is a Chinese company engaged in making products based on hard ferrite and magnet soft ferrite cores. The products of the company include hard ferrite magnets, ferrite cores, solar cells, solar modules, rare earth magnets, motor housing, hard alloys, batteries, and flexible copper clad laminate. These products are widely used in the fields of the electronic appliance, automotive, communication and others. In addition, the group is also involved in the business of hotels, mining, health care home, international trade and others. The company exports its products to EU, USA, Japan, South America, South East Asia and other regions.
Hengdian Group Dmegc Magnetics Co (SZSE:002056) Headlines
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