What is Ningxia Buliding Materials Group Co Financial Strength?
Ningxia Buliding Materials Group Co has the Financial Strength Rank of 7.
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.
Ningxia Buliding Materials Group Co did not have earnings to cover the interest expense.
Ningxia Buliding Materials Group Co's debt to revenue ratio for the quarter that ended in Mar. 2024 was 0.19.
As of today, Ningxia Buliding Materials Group Co's Altman Z-Score is 2.97.
Competitive Comparison of Ningxia Buliding Materials Group Co's Financial Strength
For the Building Materials subindustry, Ningxia Buliding Materials Group Co'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.
Ningxia Buliding Materials Group Co's Financial Strength Distribution in the Building Materials Industry
For the Building Materials industry and Basic Materials sector, Ningxia Buliding Materials Group Co's Financial Strength distribution charts can be found below:
* The bar in red indicates where Ningxia Buliding Materials Group Co's Financial Strength falls into.
Ningxia Buliding Materials Group Co 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:
Ningxia Buliding Materials Group Co's Interest Expense for the
months ended in Mar. 2024 was ¥-7 Mil. Its Operating Income for the
months ended in Mar. 2024 was ¥-29 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥382 Mil.
Ningxia Buliding Materials Group Co's Interest Coverage for the quarter that ended in Mar. 2024 is
| Ningxia Buliding Materials Group Co did not have earnings to cover the interest expense. |
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
Ningxia Buliding Materials Group Co'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.
Ningxia Buliding Materials Group Co has a Z-score of 2.97, indicating it is in Grey Zones. This implies that Ningxia Buliding Materials Group Co 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 2.97 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.
Ningxia Buliding Materials Group Co (SHSE:600449) Business Description
Traded in Other Exchanges
N/A
Address
2 kilometers from Xinxiao Line, Ningxia Hui Autonomous Region, Xixia District, Yinchuan, CHN, 750021
Ningxia Building Materials Group Co Ltd is engaged in research and development, production, sales, technical services and management services of cement, cement products, cement clinker, commercial concrete and related products. The company also engaged in import and export business of building materials products and related technology import and export business Production and sales of fly ash.
Ningxia Buliding Materials Group Co (SHSE:600449) Headlines
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