What is Altech Advanced Materials AG Financial Strength?
Altech Advanced Materials AG has the Financial Strength Rank of 4.
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.
Altech Advanced Materials AG did not have earnings to cover the interest expense.
Altech Advanced Materials AG's debt to revenue ratio for the quarter that ended in Dec. 2023 was 33.20.
As of today, Altech Advanced Materials AG's Altman Z-Score is 2.75.
Competitive Comparison of Altech Advanced Materials AG's Financial Strength
For the Asset Management subindustry, Altech Advanced Materials AG'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.
Altech Advanced Materials AG's Financial Strength Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, Altech Advanced Materials AG's Financial Strength distribution charts can be found below:
* The bar in red indicates where Altech Advanced Materials AG's Financial Strength falls into.
Altech Advanced Materials AG 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:
Altech Advanced Materials AG's Interest Expense for the
months ended in Dec. 2023 was €-0.13 Mil. Its Operating Income for the
months ended in Dec. 2023 was €-0.49 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €3.65 Mil.
Altech Advanced Materials AG's Interest Coverage for the quarter that ended in Dec. 2023 is
| Altech Advanced Materials AG did not have earnings to cover the interest expense. |
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
Altech Advanced Materials AG'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.
Altech Advanced Materials AG has a Z-score of 2.75, indicating it is in Grey Zones. This implies that Altech Advanced Materials AG 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 2.75 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.
Altech Advanced Materials AG (FRA:AMA) Business Description
Traded in Other Exchanges
Address
Ziegelhauser Landstrasse 3, Heidelberg, BW, DEU, 69120
Altech Advanced Materials AG is an investment company that makes investments in corporations and partnerships that represent a good opportunity/risk ratio, particularly in the business areas of raw material extraction and processing, chemistry, manufacture of all types of packaging and paper products, as well as their distribution. The aim of the company, together with its cooperation partner Altech Batteries Limited, is to enter the market for lithium-ion batteries for electromobility with innovative and high-performance anode material based on high-purity aluminum oxide ("HPA) - Silumina Anodes - as well as in the area of solid-state batteries for stationary battery use with - CERENERGY - to participate.
Altech Advanced Materials AG (FRA:AMA) Headlines
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