What is Guangdong Vanward New Electric Co Financial Strength?
Guangdong Vanward New Electric 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.
Guangdong Vanward New Electric Co's Interest Coverage for the quarter that ended in Mar. 2024 was 274.50.
Guangdong Vanward New Electric Co's debt to revenue ratio for the quarter that ended in Mar. 2024 was 0.13.
As of today, Guangdong Vanward New Electric Co's Altman Z-Score is 2.81.
Competitive Comparison of Guangdong Vanward New Electric Co's Financial Strength
For the Furnishings, Fixtures & Appliances subindustry, Guangdong Vanward New Electric 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.
Guangdong Vanward New Electric Co's Financial Strength Distribution in the Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Guangdong Vanward New Electric Co's Financial Strength distribution charts can be found below:
* The bar in red indicates where Guangdong Vanward New Electric Co's Financial Strength falls into.
Guangdong Vanward New Electric 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:
Guangdong Vanward New Electric Co's Interest Expense for the
months ended in Mar. 2024 was ¥-1 Mil. Its Operating Income for the
months ended in Mar. 2024 was ¥230 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0 Mil.
Guangdong Vanward New Electric 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.
Guangdong Vanward New Electric 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.
Guangdong Vanward New Electric Co has a Z-score of 2.81, indicating it is in Grey Zones. This implies that Guangdong Vanward New Electric 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 2.81 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.
Guangdong Vanward New Electric Co (SZSE:002543) Business Description
Traded in Other Exchanges
N/A
Address
No.13, Jianye Mid-Road, Shunde High-Tech Industry Development Zone, Ronggui, Shunde, Foshan, Guangdong, CHN, 528305
Guangdong Vanward New Electric Co Ltd is a China-based company engaged in the manufacture and sale of gas water heaters and other gas appliances. Its main products include gas water heaters, range hoods, as well as air, solar and other new energy hot water products. The company's products are mainly used in domestic hot water, heating and hot water, refrigeration, drying and surplus heat of backwater.
Executives
Guangdong Vanward New Electric Co (SZSE:002543) Headlines
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