What is Henan BCCY Environmental Energy Co Financial Strength?
Henan BCCY Environmental Energy Co has the Financial Strength Rank of 4.
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.
Henan BCCY Environmental Energy Co did not have earnings to cover the interest expense.
Henan BCCY Environmental Energy Co's debt to revenue ratio for the quarter that ended in Mar. 2024 was 1.47.
As of today, Henan BCCY Environmental Energy Co's Altman Z-Score is 2.21.
Competitive Comparison of Henan BCCY Environmental Energy Co's Financial Strength
For the Utilities - Independent Power Producers subindustry, Henan BCCY Environmental Energy 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.
Henan BCCY Environmental Energy Co's Financial Strength Distribution in the Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Henan BCCY Environmental Energy Co's Financial Strength distribution charts can be found below:
* The bar in red indicates where Henan BCCY Environmental Energy Co's Financial Strength falls into.
Henan BCCY Environmental Energy 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:
Henan BCCY Environmental Energy Co's Interest Expense for the
months ended in Mar. 2024 was ¥-9.9 Mil. Its Operating Income for the
months ended in Mar. 2024 was ¥-0.7 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥344.3 Mil.
Henan BCCY Environmental Energy Co's Interest Coverage for the quarter that ended in Mar. 2024 is
| Henan BCCY Environmental Energy 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.
Henan BCCY Environmental Energy 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.
Henan BCCY Environmental Energy Co has a Z-score of 2.21, indicating it is in Grey Zones. This implies that Henan BCCY Environmental Energy 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 2.21 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.
Henan BCCY Environmental Energy Co (SZSE:300614) Business Description
Traded in Other Exchanges
N/A
Address
No. 26, Dongqing Street, No. 22, 3rd Floor, Unit 1, Building 4, High-tech Industrial Development Zone, Henan Province, Zhengzhou, CHN, 450000
Henan BCCY Environmental Energy Co Ltd focuses on the development and utilization of environmental energy, including landfill gas power generation, waste heat utilization, mobile energy storage, solid waste resource disposal, industrial biogas treatment, kitchen biogas utilization and others.
Henan BCCY Environmental Energy Co (SZSE:300614) Headlines
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