What is BYD Electronic (International) Co Financial Strength?
BYD Electronic (International) Co 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.
BYD Electronic (International) Co has no long-term debt (1).
BYD Electronic (International) Co's debt to revenue ratio for the quarter that ended in Sep. 2023 was 0.00.
As of today, BYD Electronic (International) Co's Altman Z-Score is 2.44.
(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 BYD Electronic (International) Co's Financial Strength
For the Electronic Components subindustry, BYD Electronic (International) Co'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.
BYD Electronic (International) Co's Financial Strength Distribution in the Hardware Industry
For the Hardware industry and Technology sector, BYD Electronic (International) Co's Financial Strength distribution charts can be found below:
* The bar in red indicates where BYD Electronic (International) Co's Financial Strength falls into.
BYD Electronic (International) Co 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:
BYD Electronic (International) Co's Interest Expense for the
months ended in Sep. 2023 was €0 Mil. Its Operating Income for the
months ended in Sep. 2023 was €0 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was €0 Mil.
BYD Electronic (International) Co's Interest Coverage for the quarter that ended in Sep. 2023 is
| BYD Electronic (International) Co 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.
BYD Electronic (International) Co'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.
BYD Electronic (International) Co has a Z-score of 2.44, indicating it is in Grey Zones. This implies that BYD Electronic (International) Co 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 2.44 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.
BYD Electronic (International) Co (FRA:4BY) Business Description
Traded in Other Exchanges
Address
No. 3001, Bao He Road, Baolong Industrial Park, Longgang District, Shenzhen, CHN, 518116
BYD Electronic (International) Co Ltd is involved in the manufacture of mobile handset components. The company's earnings are dependent on the design, manufacture, and sale of mobile handsets and modules and other electronic components primarily in China. It also has markets across PRC (including Hong Kong, Macau and Taiwan), Asia Pacific, United States of America, Other countries, where the company is sourced by various handsets brands.
BYD Electronic (International) Co (FRA:4BY) Headlines
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