What is PT Budi Starch & Sweetener Tbk Financial Strength?
PT Budi Starch & Sweetener Tbk has the Financial Strength Rank of 6.
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.
PT Budi Starch & Sweetener Tbk's Interest Coverage for the quarter that ended in Mar. 2024 was 2.03.
PT Budi Starch & Sweetener Tbk's debt to revenue ratio for the quarter that ended in Mar. 2024 was 0.36.
As of today, PT Budi Starch & Sweetener Tbk's Altman Z-Score is 2.10.
Competitive Comparison of PT Budi Starch & Sweetener Tbk's Financial Strength
For the Packaged Foods subindustry, PT Budi Starch & Sweetener Tbk'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.
PT Budi Starch & Sweetener Tbk's Financial Strength Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, PT Budi Starch & Sweetener Tbk's Financial Strength distribution charts can be found below:
* The bar in red indicates where PT Budi Starch & Sweetener Tbk's Financial Strength falls into.
PT Budi Starch & Sweetener Tbk 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:
PT Budi Starch & Sweetener Tbk's Interest Expense for the
months ended in Mar. 2024 was Rp-31,540 Mil. Its Operating Income for the
months ended in Mar. 2024 was Rp63,899 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was Rp180,550 Mil.
PT Budi Starch & Sweetener Tbk'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.
PT Budi Starch & Sweetener Tbk'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.
PT Budi Starch & Sweetener Tbk has a Z-score of 2.10, indicating it is in Grey Zones. This implies that PT Budi Starch & Sweetener Tbk 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 2.1 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.
PT Budi Starch & Sweetener Tbk (ISX:BUDI) Business Description
Traded in Other Exchanges
N/A
Address
Jalan H.R. Rasuna Said Kav. C-6, Wisma Budi 8th - 9th Floor, Jakarta, IDN, 12940
PT Budi Starch & Sweetener Tbk is an Indonesia-based company involved in the packaged food business sector. The Company's primary activities include industrial food processing and chemicals, and all derivative products produced from cassava, sweet potato, palm oil, copra, and other agricultural products and a wide variety of industries, especially the plastics industry. The segments of the company are tapioca starch, sweeteners, PP Woven Bags, Sulphuric Acid, and Other Chemical Products. The company generates maximum revenue from Tapioca starch products.
PT Budi Starch & Sweetener Tbk (ISX:BUDI) Headlines
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