What is China Resources Building Materials Technology Holdings Financial Strength?
China Resources Building Materials Technology Holdings 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.
China Resources Building Materials Technology Holdings did not have earnings to cover the interest expense.
China Resources Building Materials Technology Holdings's debt to revenue ratio for the quarter that ended in Sep. 2023 was 0.84.
As of today, China Resources Building Materials Technology Holdings's Altman Z-Score is 0.42.
Competitive Comparison of China Resources Building Materials Technology Holdings's Financial Strength
For the Building Materials subindustry, China Resources Building Materials Technology Holdings'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.
China Resources Building Materials Technology Holdings's Financial Strength Distribution in the Building Materials Industry
For the Building Materials industry and Basic Materials sector, China Resources Building Materials Technology Holdings's Financial Strength distribution charts can be found below:
* The bar in red indicates where China Resources Building Materials Technology Holdings's Financial Strength falls into.
China Resources Building Materials Technology Holdings 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:
China Resources Building Materials Technology Holdings's Interest Expense for the
months ended in Sep. 2023 was $-19 Mil. Its Operating Income for the
months ended in Sep. 2023 was $-7 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $2,021 Mil.
China Resources Building Materials Technology Holdings's Interest Coverage for the quarter that ended in Sep. 2023 is
| China Resources Building Materials Technology Holdings 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.
China Resources Building Materials Technology Holdings'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.
China Resources Building Materials Technology Holdings has a Z-score of 0.42, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
Warning Sign:
Altman Z-score of 0.42 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.
China Resources Building Materials Technology Holdings (China Resources Building Materials Technology Holdings) Business Description
Traded in Other Exchanges
Address
26 Harbour Road, Room 3001-05, China Resources Building, Wanchai, Hong Kong, HKG
China Resources Building Materials Technology Holdings Ltd formerly China Resources Cement Holdings Ltd is a cement and concrete producer in Southern China. Its operations range from the excavation of limestone to the production, sale, and distribution of cement, clinker, and concrete. The company's segments are Cement and Concrete of which its majority revenue is derived from the manufacture and sale of cement products. The group products are mainly used in the construction of infrastructure projects such as railways, highways, subways, bridges, airports, ports, dams, hydroelectric power stations, and nuclear power stations, as well as the construction of high-rise buildings and the development of suburban and rural areas. Geographically, the majority is derived from Guangdong.
China Resources Building Materials Technology Holdings (China Resources Building Materials Technology Holdings) Headlines
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