What is Shanghai SK Petroleum & Chemical Equipment Financial Strength?
Shanghai SK Petroleum & Chemical Equipment 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.
Shanghai SK Petroleum & Chemical Equipment did not have earnings to cover the interest expense.
Shanghai SK Petroleum & Chemical Equipment's debt to revenue ratio for the quarter that ended in Mar. 2024 was 0.21.
As of today, Shanghai SK Petroleum & Chemical Equipment's Altman Z-Score is 2.87.
Competitive Comparison of Shanghai SK Petroleum & Chemical Equipment's Financial Strength
For the Specialty Industrial Machinery subindustry, Shanghai SK Petroleum & Chemical Equipment'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.
Shanghai SK Petroleum & Chemical Equipment's Financial Strength Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Shanghai SK Petroleum & Chemical Equipment's Financial Strength distribution charts can be found below:
* The bar in red indicates where Shanghai SK Petroleum & Chemical Equipment's Financial Strength falls into.
Shanghai SK Petroleum & Chemical Equipment 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:
Shanghai SK Petroleum & Chemical Equipment's Interest Expense for the
months ended in Mar. 2024 was ¥-0.8 Mil. Its Operating Income for the
months ended in Mar. 2024 was ¥-2.1 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥35.5 Mil.
Shanghai SK Petroleum & Chemical Equipment's Interest Coverage for the quarter that ended in Mar. 2024 is
| Shanghai SK Petroleum & Chemical Equipment did not have earnings to cover the interest expense. |
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
Shanghai SK Petroleum & Chemical Equipment'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.
Shanghai SK Petroleum & Chemical Equipment has a Z-score of 2.87, indicating it is in Grey Zones. This implies that Shanghai SK Petroleum & Chemical Equipment 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.
Shanghai SK Petroleum & Chemical Equipment (SZSE:002278) Business Description
Traded in Other Exchanges
N/A
Address
No. 1769 Puxing Highway, Pujiang Town, Minhang District, Shanghai, Shanghai, CHN, 201114
Shanghai SK Petroleum & Chemical Equipment Corp Ltd is engaged in research and development and manufacturing of petrochemical equipment and engineering technology services. The products of the company include well control equipment, wellhead equipment, drilling and mining accessories, drilling instruments, oil analyzers, blowout preventers, and oil and mining drill bits.
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