King Slide Works Co has the Financial Strength Rank of 9. It shows strong financial strength and is unlikely to fall into distressed situations.
Good Sign:
King Slide Works Co Ltd shows strong financial strength.
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is rated on a scale of 1 to 10 and 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.
4. Other debt related ratios.
A higher score indicates a stronger financial position, with companies rated 7 or above considered financially stable and unlikely to face distress. Conversely, a score of 3 or below suggests potential financial difficulties, indicating a higher risk of distress.
King Slide Works Co's Interest Coverage for the quarter that ended in Dec. 2024 was 224.01.
King Slide Works Co's debt to revenue ratio for the quarter that ended in Dec. 2024 was 0.18.
As of today, King Slide Works Co's Altman Z-Score is 22.96.
Competitive Comparison of King Slide Works Co's Financial Strength
For the Furnishings, Fixtures & Appliances subindustry, King Slide Works 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.
King Slide Works Co's Financial Strength Distribution in the Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, King Slide Works Co's Financial Strength distribution charts can be found below:
* The bar in red indicates where King Slide Works Co'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:
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. King Slide Works 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.
King Slide Works Co's Debt to Revenue Ratio for the quarter that ended in Dec. 2024 is
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.
King Slide Works Co has a Z-score of 22.96, indicating it is in Safe Zones. This implies the Z-Score is strong.
Good Sign:
Altman Z-score of 22.96 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.
King Slide Works Co (TPE:2059) Financial Strength Explanation
The rank is rated on a scale of 1 to 10. A higher score indicates a stronger financial position, with companies rated 7 or above considered financially stable and unlikely to face distress. Conversely, a score of 3 or below suggests potential financial difficulties, indicating a higher risk of distress.
King Slide Works Co has the Financial Strength Rank of 9. It shows strong financial strength and is unlikely to fall into distressed situations.
King Slide Works Co Financial Strength Related Terms
Thank you for viewing the detailed overview of King Slide Works Co's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.
King Slide Works Co Ltd is a Taiwan-based company that mainly designs, manufactures, and sells the following products; Rail kits for cloud computing servers and data devices, and Furniture, wooden kitchen accessories, slides, and molds. Its reportable segments are; King Slide Works Co., Ltd which mainly manufactures, processes, and sells rail kits for computer and network communication equipment, furniture accessories, slides, and molds; King Slide Technology Co., Ltd segment which is mainly engaged in R&D, designs and sells the rail kits for servers and network communication equipment; and the others segment. Geographically, the company generates maximum revenue from the United States of America and the rest from Taiwan, China, and other regions.
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