TE Connectivity 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.
TE Connectivity's Interest Coverage for the quarter that ended in Jun. 2023 was 34.60.
TE Connectivity's debt to revenue ratio for the quarter that ended in Jun. 2023 was 0.26.
As of today, TE Connectivity's Altman Z-Score is 4.36.
Competitive Comparison
For the Electronic Components subindustry, TE Connectivity'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.
TE Connectivity Financial Strength Distribution
For the Hardware industry and Technology sector, TE Connectivity's Financial Strength distribution charts can be found below:
* The bar in red indicates where TE Connectivity'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.
TE Connectivity 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:
TE Connectivity's Interest Expense for the
months ended in Jun. 2023 was $-20 Mil. Its Operating Income for the
months ended in Jun. 2023 was $692 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $3,915 Mil.
TE Connectivity's Interest Coverage for the quarter that ended in Jun. 2023 is
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
TE Connectivity's Debt to Revenue Ratio for the quarter that ended in Jun. 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.
TE Connectivity has a Z-score of 4.36, indicating it is in Safe Zones. This implies the Z-Score is strong.
Good Sign:
Altman Z-score of 4.36 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.
TE Connectivity (NYSE:TEL) Business Description
Traded in Other Exchanges
Address
Muhlenstrasse 26, Schaffhausen, CHE, CH-8200
TE Connectivity is the largest electrical connector supplier in the world, supplying interconnect and sensor solutions to the transportation, industrial, and communications markets. With operations in 150 countries and over 500,000 stock-keeping units, TE has a broad portfolio that forms the electrical architecture of its end customers' cutting-edge innovations.
Executives
| Malavika Sagar |
officer: SVP, Chief Human Resources Off |
1050 WESTLAKES DRIVE, BERWYN PA 19312 |
| Jean-pierre Clamadieu |
director |
1050 WESTLAKES DRIVE, BERWYN PA 19312 |
| Syaru Shirley Lin |
director |
|
| Aaron Kyle Stucki |
officer: Pres. Communications Solutions |
1050 WESTLAKES DRIVE, BERWYN PA 19312 |
| Lynn A Dugle |
director |
4803 STONECROFT BOULEVARD, CHANTILLY VA 20151 |
| Dawn C Willoughby |
director |
1221 BROADWAY, OAKLAND CA 94612 |
| Kevin N Rock |
officer: President, Industrial Solution |
1050 WESTLAKES DRIVE, BERWYN PA 19312 |
| David M Kerko |
director |
C/O KKR, 9 WEST 57TH STREET, 41ST FLOOR, NEW YORK NY 10019 |
| Shadrak W Kroeger |
officer: Pres., Communications Solution |
1050 WESTLAKES DRIVE, BERWYN PA 19312 |
| Abhijit Y Talwalkar |
director |
ONE AMD PLACE, PO BOX 3453, SUNNYVALE CA 94088 |
| Heath A Mitts |
officer: EVP & Chief Financial Officer |
1925 WEST FIELD COURT, SUITE 200, LAKE FOREST IL 60045 |
| Tim Murphy |
officer: SVP & CHRO |
1050 WESTLAKES DRIVE, BERWYN PA 19312 |
| Mark Trudeau |
director |
COVIDIEN PLC, 15 HAMPSHIRE STREET, MANSFIELD MA 02048 |
| Carol Anthony Davidson |
director |
|
| Laura Wright |
director |
2702 LOVE FIELD DRIVE, P.O. BOX 36611, DALLAS TX 75235-1611 |
TE Connectivity (NYSE:TEL) Headlines
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