What is East Asia Holdings Investment Financial Strength?
East Asia Holdings Investment has the Financial Strength Rank of 10. It shows strong financial strength and is unlikely to fall into distressed situations.
Good Sign:
East Asia Holdings Investment Ltd 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.
East Asia Holdings Investment has no long-term debt (1).
East Asia Holdings Investment's debt to revenue ratio for the quarter that ended in Jun. 2024 was 0.00.
As of today, East Asia Holdings Investment's Altman Z-Score is 2.83.
(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 East Asia Holdings Investment's Financial Strength
For the Apparel Manufacturing subindustry, East Asia Holdings Investment'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.
East Asia Holdings Investment's Financial Strength Distribution in the Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, East Asia Holdings Investment's Financial Strength distribution charts can be found below:
* The bar in red indicates where East Asia Holdings Investment's Financial Strength falls into.
East Asia Holdings Investment 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:
East Asia Holdings Investment's Interest Expense for the
months ended in Jun. 2024 was ₩0 Mil. Its Operating Income for the
months ended in Jun. 2024 was ₩2,792 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was ₩0 Mil.
East Asia Holdings Investment's Interest Coverage for the quarter that ended in Jun. 2024 is
| East Asia Holdings Investment had no long-term debt (1). |
The higher the ratio, the stronger the company's financial strength is.
Good Sign:
East Asia Holdings Investment Ltd has no debt.
2. Debt to revenue ratio. The lower, the better.
East Asia Holdings Investment's Debt to Revenue Ratio for the quarter that ended in Jun. 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.
East Asia Holdings Investment has a Z-score of 2.83, indicating it is in Grey Zones. This implies that East Asia Holdings Investment 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 2.83 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.
East Asia Holdings Investment Business Description
Traded in Other Exchanges
N/A
Address
3 Garden Road, Central, Suite 501-25th Floor, ICBC Tower, Hong Kong, HKG
East Asia Holdings Investment Ltd is a holding company located in Hong Kong. The company is engaged in designing, producing and selling of sports footwear products and sales of sports apparel products in mainland China. The products are sold to end customers through franchise branches and outlets. It is making new growth capabilities through investment in the healthcare industry.
East Asia Holdings Investment Headlines
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