What is Compania deneamento de Minas Gerais - COPASA MG Financial Strength?
Compania deneamento de Minas Gerais - COPASA MG has the Financial Strength Rank of 6.
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.
Compania deneamento de Minas Gerais - COPASA MG's Interest Coverage for the quarter that ended in Dec. 2023 was 9.43.
Compania deneamento de Minas Gerais - COPASA MG's debt to revenue ratio for the quarter that ended in Dec. 2023 was 0.61.
As of today, Compania deneamento de Minas Gerais - COPASA MG's Altman Z-Score is 1.77.
Competitive Comparison of Compania deneamento de Minas Gerais - COPASA MG's Financial Strength
For the Utilities - Regulated Water subindustry, Compania deneamento de Minas Gerais - COPASA MG'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.
Compania deneamento de Minas Gerais - COPASA MG's Financial Strength Distribution in the Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Compania deneamento de Minas Gerais - COPASA MG's Financial Strength distribution charts can be found below:
* The bar in red indicates where Compania deneamento de Minas Gerais - COPASA MG's Financial Strength falls into.
Compania deneamento de Minas Gerais - COPASA MG 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:
Compania deneamento de Minas Gerais - COPASA MG's Interest Expense for the
months ended in Dec. 2023 was R$-76 Mil. Its Operating Income for the
months ended in Dec. 2023 was R$715 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was R$4,107 Mil.
Compania deneamento de Minas Gerais - COPASA MG's Interest Coverage for the quarter that ended in Dec. 2023 is
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
Compania deneamento de Minas Gerais - COPASA MG's Debt to Revenue Ratio for the quarter that ended in Dec. 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.
Compania deneamento de Minas Gerais - COPASA MG has a Z-score of 1.77, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
Warning Sign:
Altman Z-score of 1.77 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.
Compania deneamento de Minas Gerais - COPASA MG (BSP:CSMG3) Business Description
Traded in Other Exchanges
N/A
Address
Rua Mar de Espanha 525, Santo Antonio, Belo Horizonte, MG, BRA, 30330900
COPASA MG provides water supply, sewage, and solid waste services. The company operates out of subsidiaries COPASA Serviços de Irrigaçao S.A., COPASA Aguas Minerais de Minas S.A, and COPANOR. COPASA Serviços de Irrigaçao S.A. manages, performs, and sells irrigation system services. COPASA Águas Minerais de Minas S.A. produces, bottles, distributes, and sells mineral water. COPANOR provides water supply and sewage treatment services across the North and Northeast regions of the State of Minas Gerais. A majority of revenue is derived from water services while the rest is derived from sewage services. The company operates out of Brazil, where a significant amount of revenue is generated.
Compania deneamento de Minas Gerais - COPASA MG (BSP:CSMG3) Headlines
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