What is China XD Plastics Co Financial Strength?
China XD Plastics Co has the Financial Strength Rank of 0.
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 XD Plastics Co's Interest Coverage for the quarter that ended in Dec. 2020 was 4.42.
China XD Plastics Co's debt to revenue ratio for the quarter that ended in Dec. 2020 was 0.58.
As of today, China XD Plastics Co's Altman Z-Score is 0.00.
Competitive Comparison of China XD Plastics Co's Financial Strength
For the Specialty Chemicals subindustry, China XD Plastics 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.
China XD Plastics Co's Financial Strength Distribution in the Chemicals Industry
For the Chemicals industry and Basic Materials sector, China XD Plastics Co's Financial Strength distribution charts can be found below:
* The bar in red indicates where China XD Plastics Co's Financial Strength falls into.
China XD Plastics 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:
China XD Plastics Co's Interest Expense for the
months ended in Dec. 2020 was $-14 Mil. Its Operating Income for the
months ended in Dec. 2020 was $64 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2020 was $741 Mil.
China XD Plastics Co's Interest Coverage for the quarter that ended in Dec. 2020 is
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
China XD Plastics Co's Debt to Revenue Ratio for the quarter that ended in Dec. 2020 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 XD Plastics Co has a Z-score of 0.00, indicating it is in Distress Zones. This implies bankrupcy 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 XD Plastics Co (China XD Plastics Co) Business Description
Traded in Other Exchanges
N/A
Address
Number 9 Dalian North Road, Haping Road Centralized Industrial Park, Harbin Development Zone, Heilongjiang, CHN, 150060
China XD Plastics Co Ltd manufactures special plastic material that is used for automobiles. Its product offering includes automobile exteriors, interiors and other components such as air conditioner casing, heating and ventilation casing, engine covers and air ducts which marketed are predominantly sold in China.
Executives
| Dahe Zhang |
director, officer: Chief Financial Officer |
500 5TH AVENUE, SUITE 4120, NEW YORK NY 10110 |
| Jie Han |
director, 10 percent owner, officer: Chief Executive Officer |
NO 9 QINLING RD, YINGBIN RD, CENTRALIZED IND PARK, HARBIN DEVELP CTR HEILONGJIANG F4 150078 |
| Qingwei Ma |
officer: Chief Operating Officer |
NO 9 QINLING RD, YINGBIN RD, CENTRALIZED IND PARK, HARBIN DEVELP CTR HEILONGJIANG F4 150078 |
| Faith Dawn Ltd |
10 percent owner |
NO. 9 DALIAN NORTH ROAD HAPING ROAD CENTRALIZED INDUSTRIAL PARK HEILONGJIANG PROVINCE F4 00000 |
| Faith Abundant Ltd |
10 percent owner |
NO. 9 DALIAN NORTH ROAD HAPING ROAD CENTRALIZED INDUSTRIAL PARK HEILONGJIANG PROVINCE F4 00000 |
| Guanbao Huang |
director |
NO. 9 DALIAN N RD, HAPING RD CEN IND PK HARBIN DEVELOPMENT ZONE HEILONGJIANG PROVINCE F4 150060 |
| Huiyi Chen |
director |
NO. 9 DALIAN N RD, HAPING RD CEN IND PK HARBIN DEVELOPMENT ZONE HEILONGJIANG PROVINCE F4 150060 |
| Junjie Ma |
officer: Chief Technology Officer |
NO 9 QINLING RD, YINGBIN RD, CENTRALIZED IND PARK, HARBIN DEVELP CTR HEILONGJIANG F4 150078 |
| North Haven Private Equity Asia Iii, L.p. |
10 percent owner, other: See Explanation of Responses |
1585 BROADWAY NEW YORK NY 10036 |
| North Haven Private Equity Asia Employee Investors Iii, L.p. |
10 percent owner, other: See Explanation of Responses |
1585 BROADWAY NEW YORK NY 10036 |
| Ms Holdings Inc |
10 percent owner, other: See Explanation of Responses |
1585 BROADWAY NEW YORK NY 10036 |
| Morgan Stanley Private Equity Asia Iii Holdings (cayman) Ltd |
10 percent owner, other: See Explanation of Responses |
C/O WALKERS CORPORATE SERVICES LIMITED WALKER HOUSE, 87 MARY STREET GEORGE TOWN, GRAND CAYMAN E9 KY1-9005 |
| Morgan Stanley Private Equity Asia Iii, L.l.c. |
10 percent owner, other: See Explanation of Responses |
1585 BROADWAY NEW YORK NY 10036 |
| Morgan Stanley Private Equity Asia Iii, Inc. |
10 percent owner, other: See Explanation of Responses |
1585 BROADWAY NEW YORK NY 10036 |
| Mspea Modified Plastics Holding Ltd |
10 percent owner, other: See Explanation of Responses |
C/O WALKERS CORPORATE SERVICES LIMITED WALKER HOUSE, 87 MARY STREET GEORGE TOWN, GRAND CAYMAN E9 KYI-9005 |
China XD Plastics Co (China XD Plastics Co) Headlines
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