What is Ningbo Lehui International Engineering Equipment Co Financial Strength?
Ningbo Lehui International Engineering Equipment 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.
Ningbo Lehui International Engineering Equipment Co's Interest Coverage for the quarter that ended in Mar. 2024 was 0.74.
Ningbo Lehui International Engineering Equipment Co's debt to revenue ratio for the quarter that ended in Mar. 2024 was 1.06.
As of today, Ningbo Lehui International Engineering Equipment Co's Altman Z-Score is 1.65.
Competitive Comparison of Ningbo Lehui International Engineering Equipment Co's Financial Strength
For the Specialty Industrial Machinery subindustry, Ningbo Lehui International Engineering Equipment 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.
Ningbo Lehui International Engineering Equipment Co's Financial Strength Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Ningbo Lehui International Engineering Equipment Co's Financial Strength distribution charts can be found below:
* The bar in red indicates where Ningbo Lehui International Engineering Equipment Co's Financial Strength falls into.
Ningbo Lehui International Engineering Equipment 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:
Ningbo Lehui International Engineering Equipment Co's Interest Expense for the
months ended in Mar. 2024 was ¥-9 Mil. Its Operating Income for the
months ended in Mar. 2024 was ¥6 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥159 Mil.
Ningbo Lehui International Engineering Equipment Co'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.
Ningbo Lehui International Engineering Equipment 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.
Ningbo Lehui International Engineering Equipment Co has a Z-score of 1.65, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
Warning Sign:
Altman Z-score of 1.65 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.
Ningbo Lehui International Engineering Equipment Co (SHSE:603076) Business Description
Traded in Other Exchanges
N/A
Address
Western Zhouxiang Electrical and Mechanical Industrial Park, Xiangxi County, Zhejiang Province, Ningbo, CHN, 315722
Ningbo Lehui International Engineering Equipment Co Ltd operates as a brewery equipment manufacturing company. Its products consist of scale brewery equipment such as brew-house, cellar and filtration, craft brewery equipment, beverage and liquid food technology, bio, and food equipment, retort and automation technology comprising of renovating and reconstructing and process control system and others. The company's products have applications in beer, beverages, food, biology, medicine and other departments. It distributes its products within domestic as well as in international market.
Executives
Ningbo Lehui International Engineering Equipment Co (SHSE:603076) Headlines
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
SHSE:603076 has been successfully added to your