What is Chang Wah Electronmaterials Financial Strength?
Chang Wah Electronmaterials has the Financial Strength Rank of 5.
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.
Chang Wah Electronmaterials's Interest Coverage for the quarter that ended in Mar. 2024 was 7.54.
Chang Wah Electronmaterials's debt to revenue ratio for the quarter that ended in Mar. 2024 was 0.71.
As of today, Chang Wah Electronmaterials's Altman Z-Score is 2.16.
Competitive Comparison of Chang Wah Electronmaterials's Financial Strength
For the Electronics & Computer Distribution subindustry, Chang Wah Electronmaterials'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.
Chang Wah Electronmaterials's Financial Strength Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Chang Wah Electronmaterials's Financial Strength distribution charts can be found below:
* The bar in red indicates where Chang Wah Electronmaterials's Financial Strength falls into.
Chang Wah Electronmaterials 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:
Chang Wah Electronmaterials's Interest Expense for the
months ended in Mar. 2024 was NT$-51 Mil. Its Operating Income for the
months ended in Mar. 2024 was NT$381 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$7,802 Mil.
Chang Wah Electronmaterials's Interest Coverage for the quarter that ended in Mar. 2024 is
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
Chang Wah Electronmaterials'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.
Chang Wah Electronmaterials has a Z-score of 2.16, indicating it is in Grey Zones. This implies that Chang Wah Electronmaterials 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 2.16 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.
Chang Wah Electronmaterials (TPE:8070) Business Description
Traded in Other Exchanges
N/A
Address
No. 16, East 7th Street, 6th Floor, Nanzi District, Kaohsiung, TWN, 811
Chang Wah Electronmaterials Inc. is a Taiwan-based company engaged in distributing materials and equipment for integrated circuit (IC) packaging. It offers products such as IC packaging materials and devices including sealant resins, conductive adhesives, non-conductive adhesives, lead frames, auto molding equipment, as well as trim and form equipment, and TFT-LCD materials, including chip on film (COF) substrates, light guide plates and optical films, as well as LED lead frames and solar power systems. Its segment includes The Corporation; CWTC and its subsidiaries and others. Geographically, it derives a majority of its revenue from Asia.
Chang Wah Electronmaterials (TPE:8070) Headlines
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