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Auden Techno (TPE:3138) Financial Strength : 7 (As of Mar. 2024)


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What is Auden Techno Financial Strength?

Auden Techno has the Financial Strength Rank of 7.

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.

Auden Techno's Interest Coverage for the quarter that ended in Mar. 2024 was 2.39. Auden Techno's debt to revenue ratio for the quarter that ended in Mar. 2024 was 0.43. As of today, Auden Techno's Altman Z-Score is 4.16.


Competitive Comparison of Auden Techno's Financial Strength

For the Communication Equipment subindustry, Auden Techno'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.


Auden Techno's Financial Strength Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Auden Techno's Financial Strength distribution charts can be found below:

* The bar in red indicates where Auden Techno's Financial Strength falls into.



Auden Techno 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:

Auden Techno's Interest Expense for the months ended in Mar. 2024 was NT$-3 Mil. Its Operating Income for the months ended in Mar. 2024 was NT$8 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$98 Mil.

Auden Techno's Interest Coverage for the quarter that ended in Mar. 2024 is

Interest Coverage=-1*Operating Income (Q: Mar. 2024 )/Interest Expense (Q: Mar. 2024 )
=-1*7.521/-3.146
=2.39

The higher the ratio, the stronger the company's financial strength is.

2. Debt to revenue ratio. The lower, the better.

Auden Techno's Debt to Revenue Ratio for the quarter that ended in Mar. 2024 is

Debt to Revenue Ratio=Total Debt (Q: Mar. 2024 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(534.463 + 98.066) / 1469.316
=0.43

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.

Auden Techno has a Z-score of 4.16, indicating it is in Safe Zones. This implies the Z-Score is strong.

Good Sign:

Altman Z-score of 4.16 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.


Auden Techno  (TPE:3138) 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.

Auden Techno has the Financial Strength Rank of 7.


Auden Techno Financial Strength Related Terms

Thank you for viewing the detailed overview of Auden Techno's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.


Auden Techno (TPE:3138) Business Description

Traded in Other Exchanges
N/A
Address
No 19, Lane 772, Heping Road, Bade District, Taoyuan, TWN
Auden Techno Corp is a Taiwan based company engaged in the design and manufacture of wired and wireless antennas, the performance verification and testing of communications products and the trading agent of precision instrument. Its products include CB electronic antenna to mobile phone GSM antenna to wireless local-area network antenna, from Ultra-Wideband antenna to RFID application antenna and from miniature multi-frequency antenna module to 4G LTE/MIMO technology and to biological electromagnetic wave. Its products application covers: mobile communications, automotive electronics, Internet communications, the digital family and industrial applications.

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