What is Tokai Rika Co Financial Strength?
Tokai Rika Co has the Financial Strength Rank of 8. It shows strong financial strength and is unlikely to fall into distressed situations.
Good Sign:
Tokai Rika 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.
Tokai Rika Co did not have earnings to cover the interest expense.
Tokai Rika Co's debt to revenue ratio for the quarter that ended in Mar. 2024 was 0.02.
As of today, Tokai Rika Co's Altman Z-Score is 2.93.
Competitive Comparison of Tokai Rika Co's Financial Strength
For the Auto Parts subindustry, Tokai Rika 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.
Tokai Rika Co's Financial Strength Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Tokai Rika Co's Financial Strength distribution charts can be found below:
* The bar in red indicates where Tokai Rika Co's Financial Strength falls into.
Tokai Rika 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:
Tokai Rika Co's Interest Expense for the
months ended in Mar. 2024 was $-0 Mil. Its Operating Income for the
months ended in Mar. 2024 was $-29 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $72 Mil.
Tokai Rika Co's Interest Coverage for the quarter that ended in Mar. 2024 is
| Tokai Rika Co 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. Tokai Rika 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.
Tokai Rika 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.
Tokai Rika Co has a Z-score of 2.93, indicating it is in Grey Zones. This implies that Tokai Rika Co is in some kind of financial stress. If it is below 1.81, the company may faces bankrupcy risk.
Warning Sign:
Altman Z-score of 2.93 is in the grey area. This implies that the company is under some kind of financial stress. If it is below 1.8, the company may face bankruptcy risk.
* 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.
Tokai Rika Co (Tokai Rika Co) Business Description
Traded in Other Exchanges
Address
3-260 Toyota, Oguchi-Cho, Niwa-gun, Aichi, JPN, 480-0195
Tokai Rika Co Ltd is a Japan-based company manufactures automobile control systems and components that accurately relay human commands, as well as security devices that prevent unauthorized entry and safety systems that protect human lives. The company's major products include automotive switches, locks, and keys, seatbelts, shift levers, electronic parts, steering wheels, connectors, mirrors, plastic wheel covers, ornaments, amongst others.
Tokai Rika Co (Tokai Rika Co) Headlines
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