GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » First Prudential Modaraba (KAR:PMI) » Definitions » Financial Strength

First Prudential Modaraba (KAR:PMI) Financial Strength : 0 (As of . 20)


View and export this data going back to 1990. Start your Free Trial

What is First Prudential Modaraba Financial Strength?

First Prudential Modaraba has the Financial Strength Rank of 0.

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.

First Prudential Modaraba did not have earnings to cover the interest expense. Altman Z-Score does not apply to banks and insurance companies.


First Prudential Modaraba 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:

First Prudential Modaraba's Interest Expense for the months ended in . 20 was ₨0.00 Mil. Its Operating Income for the months ended in . 20 was ₨0.00 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in . 20 was ₨0.00 Mil.

First Prudential Modaraba's Interest Coverage for the quarter that ended in . 20 is

First Prudential Modaraba had no long-term debt (1).

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

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

First Prudential Modaraba's Debt to Revenue Ratio for the quarter that ended in . 20 is

Debt to Revenue Ratio=Total Debt (Q: . 20 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=( + ) / 0
=N/A

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.

Altman Z-Score does not apply to banks and insurance companies.

* 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.


First Prudential Modaraba  (KAR:PMI) 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.

First Prudential Modaraba has the Financial Strength Rank of 0.


First Prudential Modaraba Financial Strength Related Terms

Thank you for viewing the detailed overview of First Prudential Modaraba's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.


First Prudential Modaraba (KAR:PMI) Business Description

Traded in Other Exchanges
N/A
Address
3rd Floor, Horizon Vista, Plot No: Commercial 10, Block No: 4, Clifton, Scheme No.5, Karachi, PAK
First Prudential Modaraba is managed by Prudential Capital Management Limited. It provides various Islamic funding & businesses including ijarah financing, deployment of the fund in musharika, morabaha, and investment in securities. It provides financial assistance for working capital needs, Ijaraha of all types of assets with special emphasis on vehicle and industrial machinery, including securitization of lease portfolio of leasing companies and commercial activities including syndication and leveraged leasing, underwriting of public issue of shares.