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Hefei Meyer Optoelectronic Technology (SZSE:002690) Financial Strength : 10 (As of Mar. 2024)


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What is Hefei Meyer Optoelectronic Technology Financial Strength?

Hefei Meyer Optoelectronic Technology has the Financial Strength Rank of 10. It shows strong financial strength and is unlikely to fall into distressed situations.

Good Sign:

Hefei Meyer Optoelectronic Technology Inc 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.

Hefei Meyer Optoelectronic Technology has no long-term debt (1). Hefei Meyer Optoelectronic Technology's debt to revenue ratio for the quarter that ended in Mar. 2024 was 0.00. As of today, Hefei Meyer Optoelectronic Technology's Altman Z-Score is 18.87.

(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.


Competitive Comparison of Hefei Meyer Optoelectronic Technology's Financial Strength

For the Specialty Industrial Machinery subindustry, Hefei Meyer Optoelectronic Technology'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.


Hefei Meyer Optoelectronic Technology's Financial Strength Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Hefei Meyer Optoelectronic Technology's Financial Strength distribution charts can be found below:

* The bar in red indicates where Hefei Meyer Optoelectronic Technology's Financial Strength falls into.



Hefei Meyer Optoelectronic Technology 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:

Hefei Meyer Optoelectronic Technology's Interest Expense for the months ended in Mar. 2024 was ¥0 Mil. Its Operating Income for the months ended in Mar. 2024 was ¥102 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0 Mil.

Hefei Meyer Optoelectronic Technology's Interest Coverage for the quarter that ended in Mar. 2024 is

Hefei Meyer Optoelectronic Technology had no long-term debt (1).

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

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

Hefei Meyer Optoelectronic Technology'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) / 1325.6
=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.

Hefei Meyer Optoelectronic Technology has a Z-score of 18.87, indicating it is in Safe Zones. This implies the Z-Score is strong.

Good Sign:

Altman Z-score of 18.87 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.


Hefei Meyer Optoelectronic Technology  (SZSE:002690) 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.

Hefei Meyer Optoelectronic Technology has the Financial Strength Rank of 10. It shows strong financial strength and is unlikely to fall into distressed situations.


Hefei Meyer Optoelectronic Technology Financial Strength Related Terms

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Hefei Meyer Optoelectronic Technology (SZSE:002690) Business Description

Traded in Other Exchanges
N/A
Address
No. 668 Wangjiang Road, Hefei Hi-tech Industrial Development Zone, Anhui Province, Hefei, CHN, 230088
Hefei Meyer Optoelectronic Technology Inc develops, manufactures and sells photoelectric detection and classification equipment. Its products include Color Sorter, X-ray inspection and others.
Executives
Hao Xian Jin Director
Tian Ming Director
Jiang Dong Executives
Zhang Jian Jun Executives
Ni Ying Jiu Executives
Xu Peng Directors, executives
Lin Mao Xian Directors, executives
Xiang Cheng Executives
Zhao Hui Fang Independent director
Han Li Ming Supervisors
Yu Neng Hong Director

Hefei Meyer Optoelectronic Technology (SZSE:002690) Headlines

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