What is CNFC Overseas Fisheries Co Financial Strength?
CNFC Overseas Fisheries Co has the Financial Strength Rank of 2. It displays poor financial strength and is likely in financial distress. Usually this is caused by too much debt for the company.
Warning Sign:
CNFC Overseas Fisheries Co Ltd displays poor financial strength. Usually, this is caused by too much debt for the company.
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.
CNFC Overseas Fisheries Co's Interest Coverage for the quarter that ended in Mar. 2024 was 0.26.
CNFC Overseas Fisheries Co's debt to revenue ratio for the quarter that ended in Mar. 2024 was 0.73.
As of today, CNFC Overseas Fisheries Co's Altman Z-Score is 1.05.
Competitive Comparison of CNFC Overseas Fisheries Co's Financial Strength
For the Packaged Foods subindustry, CNFC Overseas Fisheries 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.
CNFC Overseas Fisheries Co's Financial Strength Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, CNFC Overseas Fisheries Co's Financial Strength distribution charts can be found below:
* The bar in red indicates where CNFC Overseas Fisheries Co's Financial Strength falls into.
CNFC Overseas Fisheries 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.
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:
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.
CNFC Overseas Fisheries Co has a Z-score of 1.05, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
Warning Sign:
Altman Z-score of 1.05 is in distress zone. This implies bankruptcy 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.
CNFC Overseas Fisheries Co (SZSE:000798) 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.
CNFC Overseas Fisheries Co has the Financial Strength Rank of 2. It displays poor financial strength and is likely in financial distress. Usually this is caused by too much debt for the company.
CNFC Overseas Fisheries Co Financial Strength Related Terms
Thank you for viewing the detailed overview of CNFC Overseas Fisheries Co's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.
CNFC Overseas Fisheries Co (SZSE:000798) Business Description
CNFC Overseas Fisheries Co Ltd is a China-based company mainly engaged in distant water fishing operation and international economic and trading cooperation. It owns various ocean-going fishing vessels and carries out fishing operations in the Pacific Ocean, Indian Ocean, and the Atlantic Ocean. Its product offerings include squid from Argentina and Peru, saury, tuna, and by-catches as well as associated processed marine products. The company is also engaged in aquatic products trading, ship repair, import and export of fishing machinery, gears, other related equipment, and supplies.
CNFC Overseas Fisheries Co (SZSE:000798) Headlines
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
SZSE:000798 has been successfully added to your