What is Suzhou Agioe Technologies Co Financial Strength?
Suzhou Agioe Technologies Co has the Financial Strength Rank of 8. It shows strong financial strength and is unlikely to fall into distressed situations.
Good Sign:
Suzhou Agioe Technologies Co 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.
Suzhou Agioe Technologies Co did not have earnings to cover the interest expense.
Suzhou Agioe Technologies Co's debt to revenue ratio for the quarter that ended in Mar. 2024 was 3.09.
As of today, Suzhou Agioe Technologies Co's Altman Z-Score is 5.85.
Competitive Comparison of Suzhou Agioe Technologies Co's Financial Strength
For the Specialty Industrial Machinery subindustry, Suzhou Agioe Technologies 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.
Suzhou Agioe Technologies Co's Financial Strength Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Suzhou Agioe Technologies Co's Financial Strength distribution charts can be found below:
* The bar in red indicates where Suzhou Agioe Technologies Co's Financial Strength falls into.
Suzhou Agioe Technologies 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:
Suzhou Agioe Technologies Co's Interest Expense for the
months ended in Mar. 2024 was ¥-0.7 Mil. Its Operating Income for the
months ended in Mar. 2024 was ¥-23.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0.4 Mil.
Suzhou Agioe Technologies Co's Interest Coverage for the quarter that ended in Mar. 2024 is
| Suzhou Agioe Technologies 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.
Suzhou Agioe Technologies 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.
Suzhou Agioe Technologies Co has a Z-score of 5.85, indicating it is in Safe Zones. This implies the Z-Score is strong.
Good Sign:
Altman Z-score of 5.85 is strong.
* 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.
Suzhou Agioe Technologies Co (SHSE:688450) Business Description
Traded in Other Exchanges
N/A
Address
No. 270 Dongping Street, 3C, 3D, Aoyang Shunchang Building, Suzhou Industrial Park, Jiangsu, Suzhou, CHN, 215123
Suzhou Agioe Technologies Co Ltd is a high-tech enterprise focusing on the research, development, production and sales of a new generation of optical fiber sensing network and asset digital operation and maintenance management system. The company has formed a series of products such as power facility asset monitoring operation and maintenance management system, submarine cable asset monitoring operation and maintenance management system, and integrated pipeline asset monitoring operation and maintenance management system, which are widely used in power grids, offshore wind power, integrated pipelines, petroleum and petrochemical and other important areas of the national economy.
Suzhou Agioe Technologies Co (SHSE:688450) Headlines
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