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Woosu Ams Co (XKRX:066590) Financial Strength : 5 (As of Mar. 2024)


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What is Woosu Ams Co Financial Strength?

Woosu Ams Co has the Financial Strength Rank of 5.

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.

Woosu Ams Co's Interest Coverage for the quarter that ended in Mar. 2024 was 2.67. Woosu Ams Co's debt to revenue ratio for the quarter that ended in Mar. 2024 was 0.23. As of today, Woosu Ams Co's Altman Z-Score is 1.94.


Competitive Comparison of Woosu Ams Co's Financial Strength

For the Auto Parts subindustry, Woosu Ams 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.


Woosu Ams Co's Financial Strength Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Woosu Ams Co's Financial Strength distribution charts can be found below:

* The bar in red indicates where Woosu Ams Co's Financial Strength falls into.



Woosu Ams 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:

Woosu Ams Co's Interest Expense for the months ended in Mar. 2024 was ₩-998 Mil. Its Operating Income for the months ended in Mar. 2024 was ₩2,663 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₩26,942 Mil.

Woosu Ams Co'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*2662.723/-998.046
=2.67

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

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

Woosu Ams Co'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
=(53211.944 + 26942.191) / 351708.328
=0.23

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.

Woosu Ams Co has a Z-score of 1.94, indicating it is in Grey Zones. This implies that Woosu Ams 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 1.94 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.


Woosu Ams Co  (XKRX:066590) 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.

Woosu Ams Co has the Financial Strength Rank of 5.


Woosu Ams Co Financial Strength Related Terms

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Woosu Ams Co (XKRX:066590) Business Description

Traded in Other Exchanges
N/A
Address
62, Wollim-ro, Seongsan-gu, Gyeongsangnam-do, Changwon-Si, KOR
Woosu Ams Co Ltd is a Korea-based company engaged in the manufacture of automobile parts. It produces different categories of products: engine parts, including power steering pumps, air compressor assemblies, drive pump assemblies, intake manifolds, adaptor water outlets, cap camshafts, rocker arm shafts assemblies, valve guides and others, and transmission parts.

Woosu Ams Co (XKRX:066590) Headlines

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