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Les Gaz Industriels (XMAU:GIL.I0000) Financial Strength : 5 (As of Dec. 2023)


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What is Les Gaz Industriels Financial Strength?

Les Gaz Industriels 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.

Les Gaz Industriels has no long-term debt (1). Les Gaz Industriels's debt to revenue ratio for the quarter that ended in Dec. 2023 was 0.00. As of today, Les Gaz Industriels's Altman Z-Score is 2.59.

(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 Les Gaz Industriels's Financial Strength

For the Chemicals subindustry, Les Gaz Industriels'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.


Les Gaz Industriels's Financial Strength Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Les Gaz Industriels's Financial Strength distribution charts can be found below:

* The bar in red indicates where Les Gaz Industriels's Financial Strength falls into.



Les Gaz Industriels 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:

Les Gaz Industriels's Interest Expense for the months ended in Dec. 2023 was MUR0.0 Mil. Its Operating Income for the months ended in Dec. 2023 was MUR6.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was MUR0.0 Mil.

Les Gaz Industriels's Interest Coverage for the quarter that ended in Dec. 2023 is

Les Gaz Industriels had no long-term debt (1).

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

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

Les Gaz Industriels's Debt to Revenue Ratio for the quarter that ended in Dec. 2023 is

Debt to Revenue Ratio=Total Debt (Q: Dec. 2023 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(0 + 0) / 223.144
=0.00

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.

Les Gaz Industriels has a Z-score of 2.59, indicating it is in Grey Zones. This implies that Les Gaz Industriels 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 2.59 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.


Les Gaz Industriels  (XMAU:GIL.I0000) 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.

Les Gaz Industriels has the Financial Strength Rank of 5.


Les Gaz Industriels Financial Strength Related Terms

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


Les Gaz Industriels (XMAU:GIL.I0000) Business Description

Traded in Other Exchanges
N/A
Address
Pailles Road, G.R.N.W, P.O. Box 673, Bell Village, MUS
Les Gaz Industriels Ltd manufactures and distributes medical and industrial gases in bulk and in cylinders as well as gas equipment, personal protective equipment, and welding accessories. Its medical gases include oxygen, air, entonox and nitrous oxide gases that are mainly used in hospitals, clinics, and for medical and surgical treatments; and industrial gases comprise nitrogen, oxygen, carbon dioxide, argon, hydrogen, helium, and acetylene gases, which are used in a range of industries, including oil and gas, petrochemicals, chemicals, power, steelmaking, metals, food and water. Geographically all the operations function through Mauritius. It caters to the domestic market and earns key revenue from international sales of products.

Les Gaz Industriels (XMAU:GIL.I0000) Headlines

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