GURUFOCUS.COM » STOCK LIST » Industrials » Construction » China Nuclear Energy Technology Corp Ltd (HKSE:00611) » Definitions » Altman Z-Score

China Nuclear Energy Technology (HKSE:00611) Altman Z-Score : 0.53 (As of Dec. 12, 2024)


View and export this data going back to 1993. Start your Free Trial

What is China Nuclear Energy Technology Altman Z-Score?

The Altman Z-Score is a model designed to predict the likelihood of a company going bankrupt within the next two years. Created by American finance professor Edward Altman in 1968, the model is specifically designed for publicly traded manufacturing companies with assets greater than $1 million.

Warning Sign:

Altman Z-score of 0.53 is in distress zone. This implies bankruptcy possibility in the next two years.

China Nuclear Energy Technology has a Altman Z-Score of 0.53, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.

The zones of discrimination were as such:

When Altman Z-Score <= 1.8, it is in Distress Zones.
When Altman Z-Score >= 3, it is in Safe Zones.
When Altman Z-Score is between 1.8 and 3, it is in Grey Zones.

The historical rank and industry rank for China Nuclear Energy Technology's Altman Z-Score or its related term are showing as below:

HKSE:00611' s Altman Z-Score Range Over the Past 10 Years
Min: 0.45   Med: 0.69   Max: 3.33
Current: 0.53

During the past 13 years, China Nuclear Energy Technology's highest Altman Z-Score was 3.33. The lowest was 0.45. And the median was 0.69.


China Nuclear Energy Technology Altman Z-Score Historical Data

The historical data trend for China Nuclear Energy Technology's Altman Z-Score can be seen below:

* 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.

* Premium members only.

China Nuclear Energy Technology Altman Z-Score Chart

China Nuclear Energy Technology Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.72 0.45 0.54 0.66 0.52

China Nuclear Energy Technology Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Altman Z-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 0.66 - 0.52 -

Competitive Comparison of China Nuclear Energy Technology's Altman Z-Score

For the Engineering & Construction subindustry, China Nuclear Energy Technology's Altman Z-Score, along with its competitors' market caps and Altman Z-Score 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 Nuclear Energy Technology's Altman Z-Score Distribution in the Construction Industry

For the Construction industry and Industrials sector, China Nuclear Energy Technology's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where China Nuclear Energy Technology's Altman Z-Score falls into.



China Nuclear Energy Technology Altman Z-Score Calculation

Altman 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.

China Nuclear Energy Technology's Altman Z-Score for today is calculated with this formula:

Z=1.2*X1+1.4*X2+3.3*X3+0.6*X4+1.0*X5
=1.2*0.0721+1.4*0.1009+3.3*0.0315+0.6*0.0728+1.0*0.1515
=0.53

* 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. GuruFocus does not calculate Altman Z-Score when X4 or X5 value is 0.

Trailing Twelve Months (TTM) ended in Dec. 2023:
Total Assets was HK$11,437 Mil.
Total Current Assets was HK$4,797 Mil.
Total Current Liabilities was HK$3,972 Mil.
Retained Earnings was HK$1,154 Mil.
Pre-Tax Income was HK$155 Mil.
Interest Expense was HK$-206 Mil.
Revenue was HK$1,733 Mil.
Market Cap (Today) was HK$704 Mil.
Total Liabilities was HK$9,663 Mil.

* Note that for stock reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data.

X1=Working Capital/Total Assets
=(Total Current Assets - Total Current Liabilities)/Total Assets
=(4797.072 - 3971.881)/11437.221
=0.0721

X2=Retained Earnings/Total Assets
=1154.005/11437.221
=0.1009

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(154.589 - -206.013)/11437.221
=0.0315

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=703.774/9663.411
=0.0728

X5=Revenue/Total Assets
=1733.29/11437.221
=0.1515

The zones of discrimination were as such:

Distress Zones - 1.81 < Grey Zones < 2.99 - Safe Zones

China Nuclear Energy Technology has a Altman Z-Score of 0.53 indicating it is in Distress Zones.

Study by Altman found that companies that are in Distress Zone have more than 80% of chances of bankruptcy in two years.


China Nuclear Energy Technology  (HKSE:00611) Altman Z-Score Explanation

X1: The Working Capital/Total Assets (WC/TA) ratio is a measure of the net liquid assets of the firm relative to the total capitalization. Working capital is defined as the difference between current assets and current liabilities. Ordinarily, a firm experiencing consistent operating losses will have shrinking current assets in relation to total assets. Altman found this one proved to be the most valuable liquidity ratio comparing with the current ratio and the quick ratio. This is however the least significant of the five factors.

X2: Retained Earnings/Total Assets: the RE/TA ratio measures the leverage of a firm. Retained earnings is the account which reports the total amount of reinvested earnings and/or losses of a firm over its entire life. Those firms with high RE, relative to TA, have financed their assets through retention of profits and have not utilized as much debt.

X3, Earnings Before Interest and Taxes/Total Assets (EBIT/TA): This ratio is a measure of the true productivity of the firm's assets, independent of any tax or leverage factors. Since a firm's ultimate existence is based on the earning power of its assets, this ratio appears to be particularly appropriate for studies dealing with corporate failure. This ratio continually outperforms other profitability measures, including cash flow.

X4, Market Value of Equity/Book Value of Total Liabilities (MVE/TL): The measure shows how much the firm's assets can decline in value (measured by market value of equity plus debt) before the liabilities exceed the assets and the firm becomes insolvent.

X5, Revenue/Total Assets (S/TA): The capital-turnover ratio is a standard financial ratio illustrating the sales generating ability of the firm's assets.

Read more about Altman Z-Score and the original research.


Be Aware

Altman Z-Score does not apply to financial companies.


China Nuclear Energy Technology Altman Z-Score Related Terms

Thank you for viewing the detailed overview of China Nuclear Energy Technology's Altman Z-Score provided by GuruFocus.com. Please click on the following links to see related term pages.


China Nuclear Energy Technology Business Description

Traded in Other Exchanges
N/A
Address
26 Harbour Road, Room 2801, 28th Floor, China Resources Building, Wanchai, Hong Kong, HKG
China Nuclear Energy Technology Corp Ltd is an investment holding company. The operating segments of the company include the EPC and consultancy and general construction segment comprises its EPC and consulting services operations relating to the construction of photovoltaic power plants and general construction services; the Power Generation segment comprises the group's power generation operations; and the Financing segment comprises the group's financing operations. The majority of the revenue is derived from EPC and consultancy and general construction services segment.
Executives
China He Investment (hong Kong) Company Limited
Value Convergence Holdings Limited
Yahgee International (hong Kong) Co., Limited 2101 Beneficial owner
Zhong Guo He Gong Ye Ji Tuan You Xian Gong Si
Zhong He Tou Zi You Xian Gong Si
Shen Zhen Shi Xin Nan Shan Kong Gu Ji Tuan Gu Fen You Xian Gong Si 2101 Beneficial owner

China Nuclear Energy Technology Headlines

No Headlines