What is Whole Shine Medical Technology Co Financial Strength?
Whole Shine Medical Technology Co has the Financial Strength Rank of 3. It displays poor financial strength and is likely in financial distress. Usually this is caused by too much debt for the company.
Warning Sign:
Whole Shine Medical Technology Co Ltd displays poor financial strength. Usually, this is caused by too much debt for the company.
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.
Whole Shine Medical Technology Co's Interest Coverage for the quarter that ended in Jun. 2024 was 1.00.
Whole Shine Medical Technology Co's debt to revenue ratio for the quarter that ended in Jun. 2024 was 0.57.
As of today, Whole Shine Medical Technology Co's Altman Z-Score is 0.38.
Competitive Comparison of Whole Shine Medical Technology Co's Financial Strength
For the Specialty Industrial Machinery subindustry, Whole Shine Medical Technology 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.
Whole Shine Medical Technology Co's Financial Strength Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Whole Shine Medical Technology Co's Financial Strength distribution charts can be found below:
* The bar in red indicates where Whole Shine Medical Technology Co's Financial Strength falls into.
Whole Shine Medical Technology 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.
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:
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.
Whole Shine Medical Technology Co has a Z-score of 0.38, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
Warning Sign:
Altman Z-score of 0.38 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.
Whole Shine Medical Technology Co (SZSE:002622) Financial Strength Explanation
The maximum rank is 10. Companies with rank 7 or higher will be unlikely to fall into distressed situations. Companies with rank of 3 or less are likely in financial distress.
Whole Shine Medical Technology Co has the Financial Strength Rank of 3. It displays poor financial strength and is likely in financial distress. Usually this is caused by too much debt for the company.
Whole Shine Medical Technology Co Financial Strength Related Terms
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Whole Shine Medical Technology Co Business Description
Whole Shine Medical Technology Co Ltd is a China based company engaged in the businesses of electrical equipment, credit report big data, e-commerce big data, banking service, commercial factoring, financial leasing, and insurance brokerage service. In the electrical equipment business, the company offers electrical equipment products like Electronic control equipment, permanent magnet low-voltage switch products, permanent magnet high-voltage switch products, electronic energy meters, highway component facilities, and others.
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