What is Qingdao Weflo Valve Co Financial Strength?
Qingdao Weflo Valve Co has the Financial Strength Rank of 10. It shows strong financial strength and is unlikely to fall into distressed situations.
Good Sign:
Qingdao Weflo Valve Co Ltd shows strong financial strength.
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.
Qingdao Weflo Valve Co has no long-term debt (1).
Qingdao Weflo Valve Co's debt to revenue ratio for the quarter that ended in Mar. 2024 was 0.00.
As of today, Qingdao Weflo Valve Co's Altman Z-Score is 8.91.
(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
Competitive Comparison of Qingdao Weflo Valve Co's Financial Strength
For the Specialty Industrial Machinery subindustry, Qingdao Weflo Valve 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.
Qingdao Weflo Valve Co's Financial Strength Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Qingdao Weflo Valve Co's Financial Strength distribution charts can be found below:
* The bar in red indicates where Qingdao Weflo Valve Co's Financial Strength falls into.
Qingdao Weflo Valve 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:
Qingdao Weflo Valve Co's Interest Expense for the
months ended in Mar. 2024 was ¥0.0 Mil. Its Operating Income for the
months ended in Mar. 2024 was ¥16.7 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0.0 Mil.
Qingdao Weflo Valve Co's Interest Coverage for the quarter that ended in Mar. 2024 is
| Qingdao Weflo Valve Co had no long-term debt (1). |
The higher the ratio, the stronger the company's financial strength is.
Good Sign:
Ben Graham prefers companies' interest coverage to be at least 5. Qingdao Weflo Valve Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.
2. Debt to revenue ratio. The lower, the better.
Qingdao Weflo Valve 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.
Qingdao Weflo Valve Co has a Z-score of 8.91, indicating it is in Safe Zones. This implies the Z-Score is strong.
Good Sign:
Altman Z-score of 8.91 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.
Qingdao Weflo Valve Co (SZSE:002871) Business Description
Traded in Other Exchanges
N/A
Address
No. 45 Xinghe Road, Jimo City Blue Village, Shandong Province, Qingdao City, CHN, 266111
Qingdao Weflo Valve Co Ltd is a high-tech enterprise specializing in design, development, manufacturing and sales of water supply and drainage valve products. Its products portfolio includes butterfly valves, fire valves, multi-function valves, globe valves, check valves, ball valves, rubber joints, filters, exhaust valves, balance valves and bottom valves. Its products are mainly used in the urban water supply and drainage systems, firefighting water supply systems, heating ventilation air conditioning (HVAC) systems and sewage treatment systems, among others.
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Qingdao Weflo Valve Co (SZSE:002871) Headlines
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