What is China National Building Material Co Financial Strength?
China National Building Material Co has the Financial Strength Rank of 4.
Warning Sign:
China National Building Material 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.
China National Building Material Co's Interest Coverage for the quarter that ended in Dec. 2023 was 2.77.
China National Building Material Co's debt to revenue ratio for the quarter that ended in Dec. 2023 was 0.87.
As of today, China National Building Material Co's Altman Z-Score is 0.74.
Competitive Comparison of China National Building Material Co's Financial Strength
For the Building Materials subindustry, China National Building Material 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 National Building Material Co's Financial Strength Distribution in the Building Materials Industry
For the Building Materials industry and Basic Materials sector, China National Building Material Co's Financial Strength distribution charts can be found below:
* The bar in red indicates where China National Building Material Co's Financial Strength falls into.
China National Building Material 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 National Building Material Co's Interest Expense for the
months ended in Dec. 2023 was $-400 Mil. Its Operating Income for the
months ended in Dec. 2023 was $1,110 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $15,792 Mil.
China National Building Material 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.
Warning Sign:
Ben Graham prefers companies' interest coverage to be at least 5. China National Building Material Co Ltd interest coverage is 2.56, which is low.
2. Debt to revenue ratio. The lower, the better.
China National Building Material 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 National Building Material Co has a Z-score of 0.74, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
Warning Sign:
Altman Z-score of 0.74 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.
China National Building Material Co (China National Building Material Co) Business Description
Traded in Other Exchanges
Address
No. 17 Fuxing Road, 21st Floor, Tower 2 (Building B), Guohai Plaza, Haidian District, Beijing, CHN, 100036
China National Building Material Co Ltd a state-owned building material holding company. Its reportable segments are Cement segment which includes production and sale of cement, Concrete segment includes Production and sale of concrete, New Materials segment comprises of Production and sale of glass fiber, composite and lightweight building materials, and Engineering Services includes Provision of engineering services to glass and cement manufacturers and equipment procurement, and others segment comprises Merchandise trading business and others. The company operates in China, Europe, Middle East, Southeast Asia, Oceania, Africa, the Americas, and other countries, out of which the majority of the revenue comes from china.
China National Building Material Co (China National Building Material Co) Headlines
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