What is Zhejiang Hengwei Battery Co Financial Strength?
Zhejiang Hengwei Battery Co has the Financial Strength Rank of 9. It shows strong financial strength and is unlikely to fall into distressed situations.
Good Sign:
Zhejiang Hengwei Battery 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.
Zhejiang Hengwei Battery Co has no long-term debt (1).
Zhejiang Hengwei Battery Co's debt to revenue ratio for the quarter that ended in Mar. 2024 was 0.00.
As of today, Zhejiang Hengwei Battery Co's Altman Z-Score is 24.77.
(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 Zhejiang Hengwei Battery Co's Financial Strength
For the Electrical Equipment & Parts subindustry, Zhejiang Hengwei Battery 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.
Zhejiang Hengwei Battery Co's Financial Strength Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Zhejiang Hengwei Battery Co's Financial Strength distribution charts can be found below:
* The bar in red indicates where Zhejiang Hengwei Battery Co's Financial Strength falls into.
Zhejiang Hengwei Battery 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:
Zhejiang Hengwei Battery 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 ¥32.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0.0 Mil.
Zhejiang Hengwei Battery Co's Interest Coverage for the quarter that ended in Mar. 2024 is
| Zhejiang Hengwei Battery 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.
Zhejiang Hengwei Battery 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.
Zhejiang Hengwei Battery Co has a Z-score of 24.77, indicating it is in Safe Zones. This implies the Z-Score is strong.
Good Sign:
Altman Z-score of 24.77 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.
Zhejiang Hengwei Battery Co (SZSE:301222) Business Description
Traded in Other Exchanges
N/A
Address
No. 77 Zhengyang West Road, Youchegang, Xiuzhou District, Zhejiang Province, Jiaxing, CHN, 314018
Zhejiang Hengwei Battery Co Ltd is engaged in the production and sales of dry batteries and their accessories, and supporting small household appliances; research and development, manufacturing, sales and related technical services of battery parts and special equipment for battery production; engaged in import and export business.
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Zhejiang Hengwei Battery Co (SZSE:301222) Headlines
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