What is Bright Packaging Industry Bhd Financial Strength?
Bright Packaging Industry Bhd has the Financial Strength Rank of 9. It shows strong financial strength and is unlikely to fall into distressed situations.
Good Sign:
Bright Packaging Industry Bhd 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.
Bright Packaging Industry Bhd has no long-term debt (1).
Bright Packaging Industry Bhd's debt to revenue ratio for the quarter that ended in Feb. 2024 was 0.00.
As of today, Bright Packaging Industry Bhd's Altman Z-Score is 7.37.
(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 Bright Packaging Industry Bhd's Financial Strength
For the Packaging & Containers subindustry, Bright Packaging Industry Bhd'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.
Bright Packaging Industry Bhd's Financial Strength Distribution in the Packaging & Containers Industry
For the Packaging & Containers industry and Consumer Cyclical sector, Bright Packaging Industry Bhd's Financial Strength distribution charts can be found below:
* The bar in red indicates where Bright Packaging Industry Bhd's Financial Strength falls into.
Bright Packaging Industry Bhd 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:
Bright Packaging Industry Bhd's Interest Expense for the
months ended in Feb. 2024 was RM0.00 Mil. Its Operating Income for the
months ended in Feb. 2024 was RM-0.89 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was RM0.00 Mil.
Bright Packaging Industry Bhd's Interest Coverage for the quarter that ended in Feb. 2024 is
| Bright Packaging Industry Bhd had no long-term debt (1). |
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. Bright Packaging Industry Bhd has enough cash to cover all of its debt. Its financial situation is stable.
2. Debt to revenue ratio. The lower, the better.
Bright Packaging Industry Bhd's Debt to Revenue Ratio for the quarter that ended in Feb. 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.
Bright Packaging Industry Bhd has a Z-score of 7.37, indicating it is in Safe Zones. This implies the Z-Score is strong.
Good Sign:
Altman Z-score of 7.37 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.
Bright Packaging Industry Bhd (XKLS:9938) Business Description
Traded in Other Exchanges
N/A
Address
No. 23, Jalan Delima 1/3, Subang Hi-Tech Industrial Park, Shah Alam, SGR, MYS, 40000
Bright Packaging Industry Bhd is a manufacturer of aluminum foil laminate within Malaysia. The company is engaged in the manufacturing and printing of aluminum foil packaging materials for the tobacco, liquor, confectionaries, and pharmaceutical industry. It offers a range of services, including lamination, slitting, ink matching, and coating or lacquering. Its products include aluminum foil and metallized film laminate to tissue/woodfree/board and inner frame, and also exports to other countries. Geographically the company generates its revenue from Indonesia, Malaysia, Thailand, Korea, Russia, Phillippines.
Bright Packaging Industry Bhd (XKLS:9938) Headlines
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