What is SinoPac Financial Holdings Co Financial Strength?
SinoPac Financial Holdings Co has the Financial Strength Rank of 3. It displays poor financial strength and is likely in financial distress. Usually this is caused by too much debt for the company.
Warning Sign:
SinoPac Financial Holdings Co Ltd displays poor financial strength. Usually, this is caused by too much debt for the company.
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.
GuruFocus does not calculate SinoPac Financial Holdings Co's interest coverage with the available data.
SinoPac Financial Holdings Co's debt to revenue ratio for the quarter that ended in Mar. 2024 was 2.39.
Altman Z-Score does not apply to banks and insurance companies.
SinoPac Financial Holdings 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.
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:
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.
Altman Z-Score does not apply to banks and insurance companies.
* 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.
SinoPac Financial Holdings Co (TPE:2890) Financial Strength Explanation
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.
SinoPac Financial Holdings Co has the Financial Strength Rank of 3. It displays poor financial strength and is likely in financial distress. Usually this is caused by too much debt for the company.
SinoPac Financial Holdings Co Financial Strength Related Terms
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SinoPac Financial Holdings Co (TPE:2890) Business Description
SinoPac Financial Holdings Co Ltd is a Taiwan-based financial holdings company. The company's business segments consist of the banking business, which includes Bank SinoPac and its subsidiaries, and offers investment, insurance agent, insurance brokerage, and other services; the securities business, which includes SinoPac Securities and its subsidiaries, and offers securities trading, investment consulting, asset management, and other services; and the other business segment, which conducts businesses through a number of other subsidiaries. The company generates its revenue from the banking business. The company has a business presence in Taiwan, the United States, Asia, and other countries, with Taiwan accounting for the majority of its revenue.
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