What is CGN Nuclear Technology Development Co Financial Strength?
CGN Nuclear Technology Development Co has the Financial Strength Rank of 3. It displays poor financial strength and is likely in financial distress. Usually this is caused by too much debt for the company.
Warning Sign:
CGN Nuclear Technology Development Co 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.
CGN Nuclear Technology Development Co did not have earnings to cover the interest expense.
CGN Nuclear Technology Development Co's debt to revenue ratio for the quarter that ended in Mar. 2024 was 0.62.
As of today, CGN Nuclear Technology Development Co's Altman Z-Score is 1.55.
Competitive Comparison of CGN Nuclear Technology Development Co's Financial Strength
For the Conglomerates subindustry, CGN Nuclear Technology Development 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.
CGN Nuclear Technology Development Co's Financial Strength Distribution in the Conglomerates Industry
For the Conglomerates industry and Industrials sector, CGN Nuclear Technology Development Co's Financial Strength distribution charts can be found below:
* The bar in red indicates where CGN Nuclear Technology Development Co's Financial Strength falls into.
CGN Nuclear Technology Development 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.
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:
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.
CGN Nuclear Technology Development Co has a Z-score of 1.55, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
Warning Sign:
Altman Z-score of 1.55 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.
CGN Nuclear Technology Development Co (SZSE:000881) 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.
CGN Nuclear Technology Development Co has the Financial Strength Rank of 3. It displays poor financial strength and is likely in financial distress. Usually this is caused by too much debt for the company.
CGN Nuclear Technology Development Co Financial Strength Related Terms
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CGN Nuclear Technology Development Co (SZSE:000881) Business Description
CGN Nuclear Technology Development Co Ltd, Dalian International Cooperation (Group) Holdings Ltd is principally engaged in businesses such as construction project contracting, international labor service cooperation, real estate, ocean transportation, pelagic fishery, international trade, bio-pharmacy, aquaculture and aquatic products processing. Geographically the group has invested and set up affiliates in Singapore, Suriname, Russia, Gabon, Guinea, Sierra Leone, Argentina, Spain, South Korea, Japan and so on.
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