What is Neil Industries Financial Strength?
Neil Industries has the Financial Strength Rank of 8. It shows strong financial strength and is unlikely to fall into distressed situations.
Good Sign:
Neil Industries Ltd 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.
Neil Industries has no long-term debt (1).
Neil Industries's debt to revenue ratio for the quarter that ended in Dec. 2023 was 0.00.
As of today, Neil Industries's Altman Z-Score is 62.70.
(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
Competitive Comparison of Neil Industries's Financial Strength
For the Credit Services subindustry, Neil Industries'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.
Neil Industries's Financial Strength Distribution in the Credit Services Industry
For the Credit Services industry and Financial Services sector, Neil Industries's Financial Strength distribution charts can be found below:
* The bar in red indicates where Neil Industries's Financial Strength falls into.
Neil Industries 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:
Neil Industries's Interest Expense for the
months ended in Dec. 2023 was ₹0.00 Mil. Its Operating Income for the
months ended in Dec. 2023 was ₹6.92 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0.00 Mil.
Neil Industries's Interest Coverage for the quarter that ended in Dec. 2023 is
| Neil Industries had no long-term debt (1). |
The higher the ratio, the stronger the company's financial strength is.
Good Sign:
Ben Graham prefers companies' interest coverage to be at least 5. Neil Industries Ltd has enough cash to cover all of its debt. Its financial situation is stable.
2. Debt to revenue ratio. The lower, the better.
Neil Industries's Debt to Revenue Ratio for the quarter that ended in Dec. 2023 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.
Neil Industries has a Z-score of 62.70, indicating it is in Safe Zones. This implies the Z-Score is strong.
Good Sign:
Altman Z-score of 62.7 is strong.
* 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.
Neil Industries (BOM:539016) Business Description
Traded in Other Exchanges
N/A
Address
14/113, Civil Lines, 402-403, Kan Chambers, Kanpur, UP, IND, 208001
Neil Industries Ltd is a non banking finance company. Its products include loans for business or capacity expansion, working capital loans, loans for the purchase of equipment and machinery, and term loans against property. The Company is dealing with only one Segment which is providing Financial and Insurance Services. It also provides small and medium enterprises (SME) loans. Its SME loans include working capital loans, purchase of equipment and machinery loans, business or capacity expansion plan, and term loans against property.
Neil Industries (BOM:539016) Headlines
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
BOM:539016 has been successfully added to your