What is Zhejiang Meorient Commerce & Exhibition Financial Strength?
Zhejiang Meorient Commerce & Exhibition has the Financial Strength Rank of 10. 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.
Zhejiang Meorient Commerce & Exhibition did not have earnings to cover the interest expense.
Zhejiang Meorient Commerce & Exhibition's debt to revenue ratio for the quarter that ended in Mar. 2024 was 0.04.
As of today, Zhejiang Meorient Commerce & Exhibition's Altman Z-Score is 13.59.
Competitive Comparison of Zhejiang Meorient Commerce & Exhibition's Financial Strength
For the Specialty Business Services subindustry, Zhejiang Meorient Commerce & Exhibition'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.
Zhejiang Meorient Commerce & Exhibition's Financial Strength Distribution in the Business Services Industry
For the Business Services industry and Industrials sector, Zhejiang Meorient Commerce & Exhibition's Financial Strength distribution charts can be found below:
* The bar in red indicates where Zhejiang Meorient Commerce & Exhibition's Financial Strength falls into.
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:
Zhejiang Meorient Commerce & Exhibition did not have earnings to cover the interest expense.
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. Zhejiang Meorient Commerce & Exhibition Inc has enough cash to cover all of its debt. Its financial situation is stable.
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.
Zhejiang Meorient Commerce & Exhibition has a Z-score of 13.59, indicating it is in Safe Zones. This implies the Z-Score is strong.
Good Sign:
Altman Z-score of 13.59 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.
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.
Zhejiang Meorient Commerce & Exhibition has the Financial Strength Rank of 10. It shows strong financial strength and is unlikely to fall into distressed situations.
Zhejiang Meorient Commerce & Exhibition Financial Strength Related Terms
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Zhejiang Meorient Commerce & Exhibition (SZSE:300795) Business Description
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