What is China Resources Beer (Holdings) Co Financial Strength?
China Resources Beer (Holdings) Co has the Financial Strength Rank of 7.
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 Beer (Holdings) Co's Interest Coverage for the quarter that ended in Dec. 2023 was 1.00.
China Resources Beer (Holdings) Co's debt to revenue ratio for the quarter that ended in Dec. 2023 was 0.18.
As of today, China Resources Beer (Holdings) Co's Altman Z-Score is 2.92.
Competitive Comparison of China Resources Beer (Holdings) Co's Financial Strength
For the Beverages - Brewers subindustry, China Resources Beer (Holdings) 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 Resources Beer (Holdings) Co's Financial Strength Distribution in the Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, China Resources Beer (Holdings) Co's Financial Strength distribution charts can be found below:
* The bar in red indicates where China Resources Beer (Holdings) Co's Financial Strength falls into.
China Resources Beer (Holdings) 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 Resources Beer (Holdings) Co's Interest Expense for the
months ended in Dec. 2023 was $-12 Mil. Its Operating Income for the
months ended in Dec. 2023 was $12 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $598 Mil.
China Resources Beer (Holdings) Co's Interest Coverage for the quarter that ended in Dec. 2023 is
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
China Resources Beer (Holdings) Co'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 Resources Beer (Holdings) Co has a Z-score of 2.92, indicating it is in Grey Zones. This implies that China Resources Beer (Holdings) 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 2.92 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.
China Resources Beer (Holdings) Co (China Resources Beer (Holdings) Co) Business Description
Traded in Other Exchanges
Address
No. 26 Harbour Road, Room 2301 and 2310, 23rd Floor, China Resources Building, Wanchai, Hong Kong, HKG
China Resources Beer, or CR Beer, was originally a conglomerate enterprise with operations across retail, beer, food and beverage sectors. In September 2015, the company disposed of all its non-beer businesses and became a pure beer producer. Through a series of mergers and acquisitions, the company retains its leadership position in China's beer industry. Amid the premiumization trend in the domestic beer market, CR beer acquired Heineken China in 2019, which allows CR Beer access to a premium international brand and also leverages its sophisticated distribution network to grow Heineken's sales and market share. CR Beer is now China's largest brewer, with a volume share of about 24%, versus 18% of Tsingtao and 16% of Budweiser APAC, based on Euromonitor data.
China Resources Beer (Holdings) Co (China Resources Beer (Holdings) Co) Headlines
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