What is China New Consumption Group Financial Strength?
China New Consumption Group has the Financial Strength Rank of 8. It shows strong financial strength and is unlikely to fall into distressed situations.
Good Sign:
China New Consumption Group Ltd shows strong financial strength.
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 New Consumption Group did not have earnings to cover the interest expense.
China New Consumption Group's debt to revenue ratio for the quarter that ended in Sep. 2023 was 0.05.
As of today, China New Consumption Group's Altman Z-Score is 2.15.
Competitive Comparison of China New Consumption Group's Financial Strength
For the Engineering & Construction subindustry, China New Consumption Group'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 New Consumption Group's Financial Strength Distribution in the Construction Industry
For the Construction industry and Industrials sector, China New Consumption Group's Financial Strength distribution charts can be found below:
* The bar in red indicates where China New Consumption Group's Financial Strength falls into.
China New Consumption Group 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 New Consumption Group's Interest Expense for the
months ended in Sep. 2023 was HK$-0.1 Mil. Its Operating Income for the
months ended in Sep. 2023 was HK$-1.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$2.2 Mil.
China New Consumption Group's Interest Coverage for the quarter that ended in Sep. 2023 is
| China New Consumption Group 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.
China New Consumption Group's Debt to Revenue Ratio for the quarter that ended in Sep. 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 New Consumption Group has a Z-score of 2.15, indicating it is in Grey Zones. This implies that China New Consumption Group 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 2.15 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.
China New Consumption Group (HKSE:08275) Business Description
Traded in Other Exchanges
N/A
Address
16-26 Kwai Tak Street, Room 1204, 12th Floor, Block 2, Golden Industrial Building, Kwai Chung, New Territories, Hong Kong, HKG
China New Consumption Group Ltd is a subcontractor primarily engaged in the foundation business in Hong Kong. It offers specialized foundation works, mainly the removal of pre-existing foundations or obstructing piles for urban renewal or railway projects. Geographically, it has a business presence in Hong Kong and Macau, of which key revenue is generated in Hong Kong. The group derives revenue from the construction contract, ancillary services, and machinery rental income.
China New Consumption Group (HKSE:08275) Headlines
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