China Yongda Automobiles Services Holdings (HKSE:03669) Financial Strength

: 6 (As of Dec. 2022)

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China Yongda Automobiles Services Holdings 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.

China Yongda Automobiles Services Holdings's Interest Coverage for the quarter that ended in Dec. 2022 was 2.10. China Yongda Automobiles Services Holdings's debt to revenue ratio for the quarter that ended in Dec. 2022 was 0.07. As of today, China Yongda Automobiles Services Holdings's Altman Z-Score is 3.26.

Competitive Comparison

For the Auto & Truck Dealerships subindustry, China Yongda Automobiles Services 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.

Annual Data Quarterly Data

China Yongda Automobiles Services Holdings Financial Strength Distribution

For the Vehicles & Parts industry and Consumer Cyclical sector, China Yongda Automobiles Services Holdings's Financial Strength distribution charts can be found below:

* The bar in red indicates where China Yongda Automobiles Services Holdings's Financial Strength falls in comparison to its industry or sector. The grey bar indicates the Financial Strength's extreme value range as defined by GuruFocus.

China Yongda Automobiles Services 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 Yongda Automobiles Services Holdings's Interest Expense for the months ended in Dec. 2022 was HK$-169 Mil. Its Operating Income for the months ended in Dec. 2022 was HK$355 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2022 was HK$2,891 Mil.

China Yongda Automobiles Services Holdings's Interest Coverage for the quarter that ended in Dec. 2022 is

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2022 )	/	Interest Expense (Q: Dec. 2022 )
	=	-1	*	354.853	/	-169.312
	=	2.10

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

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

China Yongda Automobiles Services Holdings's Debt to Revenue Ratio for the quarter that ended in Dec. 2022 is

Debt to Revenue Ratio	=	Total Debt (Q: Dec. 2022 )			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(3273.572	+	2890.752)	/	90749.298
	=	0.07

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 Yongda Automobiles Services Holdings has a Z-score of 3.26, indicating it is in Safe Zones. This implies the Z-Score is strong.

Good Sign:

Altman Z-score of 3.26 is strong.

* 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 Yongda Automobiles Services Holdings (HKSE:03669) 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.

China Yongda Automobiles Services Holdings has the Financial Strength Rank of 6.

China Yongda Automobiles Services Holdings Financial Strength Related Terms

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China Yongda Automobiles Services Holdings (HKSE:03669) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » China Yongda Automobiles Services Holdings Ltd (HKSE:03669) » Definitions » Financial Strength

Traded in Other Exchanges

CYYHF:USA 1CY:Germany

Address

299 Ruijin Nan Road, Huangpu District, Shanghai, CHN, 200023

Website

http://www.ydauto.com.cn

China Yongda Automobiles Services Holdings is a Chinese company involved in automobile sales service, automobile finance, and automobile rental. The company has four segments: new passenger vehicle sales, repair and maintenance services, automobile extension products and services, automobile finance and insurance product agency services, pre-owned vehicles, automobile rental services, and financial leasing and small loan services. The auto sales service sells luxury automobiles like Bentley, BMW, Audi, Lincoln, Infiniti, Porsche, Jaguar Land Rover, AstonMartin, and Cadillac.

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