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PT Electronic City Indonesia Tbk (ISX:ECII) Financial Strength : 8 (As of Mar. 2024)


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What is PT Electronic City Indonesia Tbk Financial Strength?

PT Electronic City Indonesia Tbk has the Financial Strength Rank of 8. It shows strong financial strength and is unlikely to fall into distressed situations.

Good Sign:

PT Electronic City Indonesia Tbk 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.

PT Electronic City Indonesia Tbk did not have earnings to cover the interest expense. PT Electronic City Indonesia Tbk's debt to revenue ratio for the quarter that ended in Mar. 2024 was 0.01. As of today, PT Electronic City Indonesia Tbk's Altman Z-Score is 2.11.


Competitive Comparison of PT Electronic City Indonesia Tbk's Financial Strength

For the Specialty Retail subindustry, PT Electronic City Indonesia Tbk'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.


PT Electronic City Indonesia Tbk's Financial Strength Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, PT Electronic City Indonesia Tbk's Financial Strength distribution charts can be found below:

* The bar in red indicates where PT Electronic City Indonesia Tbk's Financial Strength falls into.



PT Electronic City Indonesia Tbk 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:

PT Electronic City Indonesia Tbk's Interest Expense for the months ended in Mar. 2024 was Rp-334 Mil. Its Operating Income for the months ended in Mar. 2024 was Rp-2,435 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was Rp19,186 Mil.

PT Electronic City Indonesia Tbk's Interest Coverage for the quarter that ended in Mar. 2024 is

PT Electronic City Indonesia Tbk 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.

PT Electronic City Indonesia Tbk'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
=(8203.161 + 19186.465) / 2438736.656
=0.01

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.

PT Electronic City Indonesia Tbk has a Z-score of 2.11, indicating it is in Grey Zones. This implies that PT Electronic City Indonesia Tbk 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 2.11 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.


PT Electronic City Indonesia Tbk  (ISX:ECII) 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.

PT Electronic City Indonesia Tbk has the Financial Strength Rank of 8. It shows strong financial strength and is unlikely to fall into distressed situations.


PT Electronic City Indonesia Tbk Financial Strength Related Terms

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PT Electronic City Indonesia Tbk (ISX:ECII) Business Description

Traded in Other Exchanges
N/A
Address
Jl. Jend. Sudirman Kav 52-53 Lot 22, Sudirman Central Business District, Jakarta Selatan, Jakarta, IDN, 12190
PT Electronic City Indonesia Tbk is an Indonesia-based electronics retail company. Its segments consist of the Sales of branded electronic goods, the Rent, commissions for the sale of consignment goods, and others. The company's product is divided into four categories which include Audio-Video, Household appliances, Information technology and mobile devices, and Camera and office equipment. It offers services such as home delivery Service, installation, maintenance and repair, warranty extension, insurance, swap scheme, and alternative financing for customers. Additionally, to provide fast delivery it provides services such as EC Express, EC-service contract, and EC 24-hour repair. The firm generates the majority of revenue from Sales of branded electronic goods segment.

PT Electronic City Indonesia Tbk (ISX:ECII) Headlines

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