What is China Rare Earth Holdings Financial Strength?
China Rare Earth Holdings has the Financial Strength Rank of 9. It shows strong financial strength and is unlikely to fall into distressed situations.
Good Sign:
China Rare Earth Holdings Ltd shows strong financial strength.
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 Rare Earth Holdings did not have earnings to cover the interest expense.
China Rare Earth Holdings's debt to revenue ratio for the quarter that ended in Dec. 2023 was 0.00.
As of today, China Rare Earth Holdings's Altman Z-Score is 5.02.
Competitive Comparison of China Rare Earth Holdings's Financial Strength
For the Other Industrial Metals & Mining subindustry, China Rare Earth 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 Rare Earth Holdings's Financial Strength Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, China Rare Earth Holdings's Financial Strength distribution charts can be found below:
* The bar in red indicates where China Rare Earth Holdings's Financial Strength falls into.
China Rare Earth 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 Rare Earth Holdings's Interest Expense for the
months ended in Dec. 2023 was $-0.02 Mil. Its Operating Income for the
months ended in Dec. 2023 was $-11.04 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.08 Mil.
China Rare Earth Holdings's Interest Coverage for the quarter that ended in Dec. 2023 is
| China Rare Earth 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 Rare Earth Holdings'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.
China Rare Earth Holdings has a Z-score of 5.02, indicating it is in Safe Zones. This implies the Z-Score is strong.
Good Sign:
Altman Z-score of 5.02 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 Rare Earth Holdings (China Rare Earth Holdings) Business Description
Traded in Other Exchanges
Address
Dingshu Town, Jiangsu Province, Yixing, CHN, 214226
China Rare Earth Holdings Ltd is an investment holding company. It operates in two segments: Rare earth and Refractory. The Rare earth segment includes manufacturing and sales of rare earth products such as praseodymium, neodymium, terbium, and dysprosium through trading. It also focuses on the production of high-end products such as rare earth oxides. The Refractory segment includes the manufacturing and sales of refractory products, including Refractory materials and Magnesium grains. The majority of its revenue comes from Rare Earth Segment. Its geographical segments are China, Japan, Europe, and Others, of which China accounts for the vast majority of its revenue.
China Rare Earth Holdings (China Rare Earth Holdings) Headlines
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
CREQF has been successfully added to your