What is Shanghai Huahongjt Smart System Co Financial Strength?
Shanghai Huahongjt Smart System Co has the Financial Strength Rank of 9. It shows strong financial strength and is unlikely to fall into distressed situations.
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 Huahongjt Smart System Co has no long-term debt (1).
Shanghai Huahongjt Smart System Co's debt to revenue ratio for the quarter that ended in Mar. 2023 was 0.00.
As of today, Shanghai Huahongjt Smart System Co's Altman Z-Score is 0.00.
(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 Shanghai Huahongjt Smart System Co's Financial Strength
For the Communication Equipment subindustry, Shanghai Huahongjt Smart System 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.
Shanghai Huahongjt Smart System Co's Financial Strength Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Shanghai Huahongjt Smart System Co's Financial Strength distribution charts can be found below:
* The bar in red indicates where Shanghai Huahongjt Smart System Co's Financial Strength falls into.
Shanghai Huahongjt Smart System 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:
Shanghai Huahongjt Smart System Co's Interest Expense for the
months ended in Mar. 2023 was ¥0.0 Mil. Its Operating Income for the
months ended in Mar. 2023 was ¥-5.1 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was ¥0.0 Mil.
Shanghai Huahongjt Smart System Co's Interest Coverage for the quarter that ended in Mar. 2023 is
| Shanghai Huahongjt Smart System Co had no long-term debt (1). |
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
Shanghai Huahongjt Smart System Co's Debt to Revenue Ratio for the quarter that ended in Mar. 2023 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 Huahongjt Smart System Co has a Z-score of 0.00, indicating it is in Distress Zones. This implies bankrupcy 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.
Shanghai Huahongjt Smart System Co (SZSE:300330) Business Description
Traded in Other Exchanges
N/A
Address
Building 9, No. 2, Lane 2777, Jinxiu East Road,, Pudong New Area, Shanghai, CHN, 201206
Shanghai Huahongjt Smart System Co Ltd operates as a radio frequency identification based electronic toll collection and payment system solution provider and equipment supplier in the design of non-contact IC card automatic toll collection system. The products of the company include central computer system, station computer system, car POS machine, handheld POS, card reader, and intelligent supply chain management solutions.
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