What is Accentro Real Estate AG Financial Strength?
Accentro Real Estate AG has the Financial Strength Rank of 2. It displays poor financial strength and is likely in financial distress. Usually this is caused by too much debt for the company.
Warning Sign:
Accentro Real Estate AG displays poor financial strength. Usually, this is caused by too much debt for the company.
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.
Accentro Real Estate AG did not have earnings to cover the interest expense.
Accentro Real Estate AG's debt to revenue ratio for the quarter that ended in Sep. 2023 was 3.83.
As of today, Accentro Real Estate AG's Altman Z-Score is 0.32.
Competitive Comparison of Accentro Real Estate AG's Financial Strength
For the Real Estate Services subindustry, Accentro Real Estate AG'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.
Accentro Real Estate AG's Financial Strength Distribution in the Real Estate Industry
For the Real Estate industry and Real Estate sector, Accentro Real Estate AG's Financial Strength distribution charts can be found below:
* The bar in red indicates where Accentro Real Estate AG's Financial Strength falls into.
Accentro Real Estate AG 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:
Accentro Real Estate AG's Interest Expense for the
months ended in Sep. 2023 was €-8.23 Mil. Its Operating Income for the
months ended in Sep. 2023 was €-5.01 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was €273.97 Mil.
Accentro Real Estate AG's Interest Coverage for the quarter that ended in Sep. 2023 is
| Accentro Real Estate AG did not have earnings to cover the interest expense. |
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
Accentro Real Estate AG's Debt to Revenue Ratio for the quarter that ended in Sep. 2023 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.
Accentro Real Estate AG has a Z-score of 0.32, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
Warning Sign:
Altman Z-score of 0.32 is in distress zone. This implies bankruptcy possibility in the next two years.
* 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.
Accentro Real Estate AG (XTER:A4Y) Business Description
Traded in Other Exchanges
Address
Kantstrasse 44/45, Berlin, BB, DEU, D-10625
Accentro Real Estate AG is a residential property company. Its core business consists of trading residential real estate within the framework of housing privatizations. Its business activities include tenant-sensitive retailing of condominiums to private owner-occupiers and buy-to-let investors, sales of real-estate portfolios to institutional investors, management of proprietary real-estate portfolios, and provision of sales and property administration services to third parties. The company has three segments the trading and privatization business, the portfolio business, and the fee-based and service business. The company generates the majority of its revenue from the trading and privatization segment.
Accentro Real Estate AG (XTER:A4Y) Headlines
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