What is Avonmore Capital & Management Services Financial Strength?
Avonmore Capital & Management Services has the Financial Strength Rank of 6.
Good Sign:
Avonmore Capital & Management Services 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.
Avonmore Capital & Management Services's Interest Coverage for the quarter that ended in Mar. 2024 was 2.84.
Avonmore Capital & Management Services's debt to revenue ratio for the quarter that ended in Mar. 2024 was 0.13.
As of today, Avonmore Capital & Management Services's Altman Z-Score is 1.91.
Competitive Comparison of Avonmore Capital & Management Services's Financial Strength
For the Capital Markets subindustry, Avonmore Capital & Management Services'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.
Avonmore Capital & Management Services's Financial Strength Distribution in the Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Avonmore Capital & Management Services's Financial Strength distribution charts can be found below:
* The bar in red indicates where Avonmore Capital & Management Services's Financial Strength falls into.
Avonmore Capital & Management Services 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:
Avonmore Capital & Management Services's Interest Expense for the
months ended in Mar. 2024 was ₹-15 Mil. Its Operating Income for the
months ended in Mar. 2024 was ₹42 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹261 Mil.
Avonmore Capital & Management Services'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.
Avonmore Capital & Management Services'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.
Avonmore Capital & Management Services has a Z-score of 1.91, indicating it is in Grey Zones. This implies that Avonmore Capital & Management Services 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 1.91 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.
Avonmore Capital & Management Services (NSE:AVONMORE) Business Description
Traded in Other Exchanges
Address
F-33/3, Okhla Industrial Area, Phase-II, New Delhi, IND, 110 020
Avonmore Capital & Management Services Ltd is a non-banking financial institution. The company's business segments are debt and equity market operations which comprise trading in securities and bonds; consultancy and advisory fees comprise merchant banking, underwriting commission, corporate and infrastructure advisory, and loan syndication fees and arranger of debts; investment activities comprise profit on the sale of an investment; finance activities comprise granting of loans; wealth advisory/broking activities; healthcare activities comprises to establish, administer, own and run the eye care hospitals. Wealth / Broking activities comprises commodity broking on various commodity exchanges in the country, stock and share broking on National Stock Exchange of India Limited.
Avonmore Capital & Management Services (NSE:AVONMORE) Headlines
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