What is Advance Metering Technology Financial Strength?
Advance Metering Technology has the Financial Strength Rank of 6.
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.
Advance Metering Technology did not have earnings to cover the interest expense.
Advance Metering Technology's debt to revenue ratio for the quarter that ended in Mar. 2024 was 1.15.
As of today, Advance Metering Technology's Altman Z-Score is 2.84.
Competitive Comparison of Advance Metering Technology's Financial Strength
For the Electrical Equipment & Parts subindustry, Advance Metering 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.
Advance Metering Technology's Financial Strength Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Advance Metering Technology's Financial Strength distribution charts can be found below:
* The bar in red indicates where Advance Metering Technology's Financial Strength falls into.
Advance Metering 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:
Advance Metering Technology's Interest Expense for the
months ended in Mar. 2024 was ₹-2.7 Mil. Its Operating Income for the
months ended in Mar. 2024 was ₹-44.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹54.4 Mil.
Advance Metering Technology's Interest Coverage for the quarter that ended in Mar. 2024 is
| Advance Metering Technology 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.
Advance Metering Technology'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.
Advance Metering Technology has a Z-score of 2.84, indicating it is in Grey Zones. This implies that Advance Metering Technology 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 2.84 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.
Advance Metering Technology (BOM:534612) Business Description
Traded in Other Exchanges
N/A
Address
C-4 to C-11, Hosiery Complex, Phase II Extension, Noida, UP, IND, 201305
Advance Metering Technology Ltd is engaged in manufacturing and selling energy meters, provides technical services relating to the energy sector, and in the business of wind power generation through windmills/ other renewable energy sources. The company is operating in two segments: Power Generation and Meters and others. The power Generation segment offers the sale of electricity generation through Wind. The meter and Others segment offers the Sale of energy meters and others, Rental Income, installation services, estate management services, and EPC work. The majority of its revenue is generated from the Meters and other segments.
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