What is JB Foods Financial Strength?
JB Foods has the Financial Strength Rank of 2. It displays poor financial strength and is likely in financial distress. Usually this is caused by too much debt for the company.
Warning Sign:
JB Foods Ltd displays poor financial strength. Usually, this is caused by too much debt for the company.
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.
JB Foods did not have earnings to cover the interest expense.
JB Foods's debt to revenue ratio for the quarter that ended in Dec. 2023 was 0.42.
As of today, JB Foods's Altman Z-Score is 1.32.
Competitive Comparison of JB Foods's Financial Strength
For the Confectioners subindustry, JB Foods'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.
JB Foods's Financial Strength Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, JB Foods's Financial Strength distribution charts can be found below:
* The bar in red indicates where JB Foods's Financial Strength falls into.
JB Foods 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:
JB Foods's Interest Expense for the
months ended in Dec. 2023 was S$-13.2 Mil. Its Operating Income for the
months ended in Dec. 2023 was S$-0.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was S$60.0 Mil.
JB Foods's Interest Coverage for the quarter that ended in Dec. 2023 is
| JB Foods did not have earnings to cover the interest expense. |
The higher the ratio, the stronger the company's financial strength is.
Warning Sign:
Ben Graham prefers companies' interest coverage to be at least 5. JB Foods Ltd interest coverage is 1.31, which is low.
2. Debt to revenue ratio. The lower, the better.
JB Foods's Debt to Revenue Ratio for the quarter that ended in Dec. 2023 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.
JB Foods has a Z-score of 1.32, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
Warning Sign:
Altman Z-score of 1.32 is in distress zone. This implies bankruptcy possibility in the next two years.
* 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.
JB Foods (SGX:BEW) Business Description
Traded in Other Exchanges
N/A
Address
Lot CP1, Jalan Tanjung A/6, Pelabuhan Tanjung Pelepas, Gelang Patah, MYS, 81560
JB Foods Ltd produces cocoa products. The company's products include cocoa powder, cocoa liquor, and cocoa butter. The group's products are sold primarily under the 'JB COCOA' brand name to a worldwide customer base ranging from international trade houses to end users such as food and beverage and confectionery manufacturers. The Group's key customers include Nestle Group, Mondelez Group, Mars Group, Hershey's Group, Itochu Corporation, Theobroma B.V., General Cocoa Company Inc., Olam Europe Limited, etc. The group operates in only one business segment which is the production and sale of cocoa ingredients products. Geographically the company derives most of its revenue from Singapore.
JB Foods (SGX:BEW) Headlines
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