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Domesco Medical Import Export JSC (STC:DMC) Financial Strength : 10 (As of Mar. 2024)


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What is Domesco Medical Import Export JSC Financial Strength?

Domesco Medical Import Export JSC has the Financial Strength Rank of 10. It shows strong financial strength and is unlikely to fall into distressed situations.

Good Sign:

Domesco Medical Import Export JSC 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.

Domesco Medical Import Export JSC's Interest Coverage for the quarter that ended in Mar. 2024 was 44.32. Domesco Medical Import Export JSC's debt to revenue ratio for the quarter that ended in Mar. 2024 was 0.00. As of today, Domesco Medical Import Export JSC's Altman Z-Score is 6.48.


Competitive Comparison of Domesco Medical Import Export JSC's Financial Strength

For the Drug Manufacturers - Specialty & Generic subindustry, Domesco Medical Import Export JSC'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.


Domesco Medical Import Export JSC's Financial Strength Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Domesco Medical Import Export JSC's Financial Strength distribution charts can be found below:

* The bar in red indicates where Domesco Medical Import Export JSC's Financial Strength falls into.



Domesco Medical Import Export JSC 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:

Domesco Medical Import Export JSC's Interest Expense for the months ended in Mar. 2024 was ₫-991 Mil. Its Operating Income for the months ended in Mar. 2024 was ₫43,943 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₫0 Mil.

Domesco Medical Import Export JSC's Interest Coverage for the quarter that ended in Mar. 2024 is

Interest Coverage=-1*Operating Income (Q: Mar. 2024 )/Interest Expense (Q: Mar. 2024 )
=-1*43943.239/-991.444
=44.32

The higher the ratio, the stronger the company's financial strength is.

2. Debt to revenue ratio. The lower, the better.

Domesco Medical Import Export JSC's Debt to Revenue Ratio for the quarter that ended in Mar. 2024 is

Debt to Revenue Ratio=Total Debt (Q: Mar. 2024 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(0 + 0) / 1676708.616
=0.00

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.

Domesco Medical Import Export JSC has a Z-score of 6.48, indicating it is in Safe Zones. This implies the Z-Score is strong.

Good Sign:

Altman Z-score of 6.48 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.


Domesco Medical Import Export JSC  (STC:DMC) Financial Strength Explanation

The maximum rank is 10. Companies with rank 7 or higher will be unlikely to fall into distressed situations. Companies with rank of 3 or less are likely in financial distress.

Domesco Medical Import Export JSC has the Financial Strength Rank of 10. It shows strong financial strength and is unlikely to fall into distressed situations.


Domesco Medical Import Export JSC Financial Strength Related Terms

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Domesco Medical Import Export JSC (STC:DMC) Business Description

Traded in Other Exchanges
N/A
Address
66 National Road, My Phu Ward, Cao Lanh City, Dong Thap, VNM
Domesco Medical Import Export JSC is engaged in producing, trading, importing and exporting pharmaceutical products and materials for the manufacture of a medicine for human, medical equipment, experimental chemicals, drinking water, mineral water and drinking water from medicine, wine, functional food, and nutritious food.

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