What is Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS Financial Strength?
Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS has the Financial Strength Rank of 5.
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.
Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS's Interest Coverage for the quarter that ended in Mar. 2024 was 1.53.
Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS's debt to revenue ratio for the quarter that ended in Mar. 2024 was 0.15.
As of today, Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS's Altman Z-Score is 2.92.
Competitive Comparison of Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS's Financial Strength
For the Steel subindustry, Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS'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.
Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS's Financial Strength Distribution in the Steel Industry
For the Steel industry and Basic Materials sector, Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS's Financial Strength distribution charts can be found below:
* The bar in red indicates where Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS's Financial Strength falls into.
Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS 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:
Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS's Interest Expense for the
months ended in Mar. 2024 was ₺-524 Mil. Its Operating Income for the
months ended in Mar. 2024 was ₺799 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₺2,676 Mil.
Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS's Interest Coverage for the quarter that ended in Mar. 2024 is
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS's Debt to Revenue Ratio for the quarter that ended in Mar. 2024 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.
Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS has a Z-score of 2.92, indicating it is in Grey Zones. This implies that Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS 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 2.92 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.
Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS (IST:BRSAN) Business Description
Traded in Other Exchanges
N/A
Address
Meclisi Mebusan Caddesi No. 35 – 37, Salipazari, Istanbul, TUR, 34427
Borusan Birlesik Boru Fabrikalari Sanayi Ve Ticaret AS Formerly Borusan Mannesmann Boru Sanayi ve Ticaret AS is a steel tube and pipes manufacturer. The company's product portfolio includes gas pipes, water pipes, general purpose pipes, OCTG pipes, line pipe, precision tubes, heavy wall welded tubes, first fire protection systems, and easy flow fire protection sprinkler pipes. It provides products for various projects such as The NK1 Oil Pipeline, The Sahdeniz, The Blue Stream, Hungary Gas Pipeline, and TANAP projects. It exports products to various countries in Americas, Europe, Africa and Asia.
Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS (IST:BRSAN) Headlines
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