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PT Mitra Keluarga Karyasehat Tbk (ISX:MIKA) Financial Strength : 10 (As of Mar. 2024)


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What is PT Mitra Keluarga Karyasehat Tbk Financial Strength?

PT Mitra Keluarga Karyasehat Tbk has the Financial Strength Rank of 10. It shows strong financial strength and is unlikely to fall into distressed situations.

Good Sign:

PT Mitra Keluarga Karyasehat Tbk 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.

PT Mitra Keluarga Karyasehat Tbk's Interest Coverage for the quarter that ended in Mar. 2024 was 86.44. PT Mitra Keluarga Karyasehat Tbk's debt to revenue ratio for the quarter that ended in Mar. 2024 was 0.00. As of today, PT Mitra Keluarga Karyasehat Tbk's Altman Z-Score is 31.41.


Competitive Comparison of PT Mitra Keluarga Karyasehat Tbk's Financial Strength

For the Medical Care Facilities subindustry, PT Mitra Keluarga Karyasehat 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 Mitra Keluarga Karyasehat Tbk's Financial Strength Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, PT Mitra Keluarga Karyasehat Tbk's Financial Strength distribution charts can be found below:

* The bar in red indicates where PT Mitra Keluarga Karyasehat Tbk's Financial Strength falls into.



PT Mitra Keluarga Karyasehat 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 Mitra Keluarga Karyasehat Tbk's Interest Expense for the months ended in Mar. 2024 was Rp-4,349 Mil. Its Operating Income for the months ended in Mar. 2024 was Rp375,891 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was Rp1,916 Mil.

PT Mitra Keluarga Karyasehat Tbk's Interest Coverage for the quarter that ended in Mar. 2024 is

Interest Coverage=-1*Operating Income (Q: Mar. 2024 )/Interest Expense (Q: Mar. 2024 )
=-1*375891.258/-4348.593
=86.44

The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. PT Mitra Keluarga Karyasehat Tbk has enough cash to cover all of its debt. Its financial situation is stable.

2. Debt to revenue ratio. The lower, the better.

PT Mitra Keluarga Karyasehat Tbk's Debt to Revenue Ratio for the quarter that ended in Mar. 2024 is

Debt to Revenue Ratio=Total Debt (Q: Mar. 2024 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(1138.463 + 1915.709) / 4972212.076
=0.00

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 Mitra Keluarga Karyasehat Tbk has a Z-score of 31.41, indicating it is in Safe Zones. This implies the Z-Score is strong.

Good Sign:

Altman Z-score of 31.41 is strong.

* 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 Mitra Keluarga Karyasehat Tbk  (ISX:MIKA) Financial Strength Explanation

The maximum rank is 10. Companies with rank 7 or higher will be unlikely to fall into distressed situations. Companies with rank of 3 or less are likely in financial distress.

PT Mitra Keluarga Karyasehat Tbk has the Financial Strength Rank of 10. It shows strong financial strength and is unlikely to fall into distressed situations.


PT Mitra Keluarga Karyasehat Tbk Financial Strength Related Terms

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PT Mitra Keluarga Karyasehat Tbk (ISX:MIKA) Business Description

Traded in Other Exchanges
N/A
Address
Jalan Bukit Gading Raya Kav. 2, Kelapa Gading, Jakarta, IDN, 14240
PT Mitra Keluarga Karyasehat Tbk is a medical care company that owns and operates hospitals under the name Mitra Keluarga. The firm has one business segment: Healthcare Facilities & Services, which operates multispecialty hospitals. These hospitals have a variety of services, which include laboratory, emergency room, pharmacy, radiology, intensive-care units. It also has interests in general surgery, cardiovascular, orthopedics, neurosurgery, urology, and pediatrics, among many others. Its revenue is contributed by two business segments, namely the Outpatient and Inpatient segments. It generates most of its revenue in Indonesia.

PT Mitra Keluarga Karyasehat Tbk (ISX:MIKA) Headlines

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