What is Pakistan Stock Exchange Financial Strength?
Pakistan Stock Exchange has the Financial Strength Rank of 10. It shows strong financial strength and is unlikely to fall into distressed situations.
Good Sign:
Pakistan Stock Exchange 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.
Pakistan Stock Exchange has no long-term debt (1).
Pakistan Stock Exchange's debt to revenue ratio for the quarter that ended in Mar. 2024 was 0.00.
As of today, Pakistan Stock Exchange's Altman Z-Score is 2.66.
(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
Competitive Comparison of Pakistan Stock Exchange's Financial Strength
For the Financial Data & Stock Exchanges subindustry, Pakistan Stock Exchange'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.
Pakistan Stock Exchange's Financial Strength Distribution in the Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Pakistan Stock Exchange's Financial Strength distribution charts can be found below:
* The bar in red indicates where Pakistan Stock Exchange's Financial Strength falls into.
Pakistan Stock Exchange 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:
Pakistan Stock Exchange's Interest Expense for the
months ended in Mar. 2024 was ₨0 Mil. Its Operating Income for the
months ended in Mar. 2024 was ₨-61 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₨0 Mil.
Pakistan Stock Exchange's Interest Coverage for the quarter that ended in Mar. 2024 is
| Pakistan Stock Exchange had no long-term debt (1). |
The higher the ratio, the stronger the company's financial strength is.
Good Sign:
Pakistan Stock Exchange Ltd has no debt.
2. Debt to revenue ratio. The lower, the better.
Pakistan Stock Exchange'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.
Pakistan Stock Exchange has a Z-score of 2.66, indicating it is in Grey Zones. This implies that Pakistan Stock Exchange 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 2.66 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.
Pakistan Stock Exchange (KAR:PSX) Business Description
Traded in Other Exchanges
N/A
Address
Stock Exchange Road, Stock Exchange Building, Karachi, SD, PAK, 74000
Pakistan Stock Exchange Ltd is engaged in conducting, regulating and controlling the trade or business of purchasing, selling and trading in debentures stock, government papers, shares, scrips, stocks, bonds, loans, and any other instruments and securities. The products of the company involve Equity Segments, known as Ready Market (T+2), Bills & Bonds (for trading in government debt securities & corporate debt), Futures Counter, Deliverable Futures Contracts, Stock Index Futures, Negotiated Deal Market, REIT, Exchange Traded Funds and GEM Board.
Pakistan Stock Exchange (KAR:PSX) Headlines
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