What is Star Housing Finance Financial Strength?
Star Housing Finance has the Financial Strength Rank of 3. It displays poor financial strength and is likely in financial distress. Usually this is caused by too much debt for the company.
Warning Sign:
Star Housing Finance Ltd displays poor financial strength. Usually, this is caused by too much debt for the company.
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.
Star Housing Finance has no long-term debt (1).
Star Housing Finance's debt to revenue ratio for the quarter that ended in Dec. 2023 was 0.00.
As of today, Star Housing Finance's Altman Z-Score is 2.42.
(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 Star Housing Finance's Financial Strength
For the Mortgage Finance subindustry, Star Housing Finance'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.
Star Housing Finance's Financial Strength Distribution in the Banks Industry
For the Banks industry and Financial Services sector, Star Housing Finance's Financial Strength distribution charts can be found below:
* The bar in red indicates where Star Housing Finance's Financial Strength falls into.
Star Housing Finance 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:
Star Housing Finance's Interest Expense for the
months ended in Dec. 2023 was ₹0.0 Mil. Its Operating Income for the
months ended in Dec. 2023 was ₹30.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0.0 Mil.
Star Housing Finance's Interest Coverage for the quarter that ended in Dec. 2023 is
| Star Housing Finance had no long-term debt (1). |
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
Star Housing Finance'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.
Star Housing Finance has a Z-score of 2.42, indicating it is in Grey Zones. This implies that Star Housing Finance 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 2.42 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.
Star Housing Finance (BOM:539017) Business Description
Traded in Other Exchanges
N/A
Address
603, Western Edger 1, Above Metro Mall, Borivali East, Mumbai, MH, IND, 400066
Star Housing Finance Ltd is a non-deposit-taking housing finance company. The company loan products include home loans, mortgage loans, and builder loans. The firm offers home loans for the purchase of flats and houses, renovation of existing units, extension of existing units, and purchase of plots for the construction of houses. The company offers a builder loan for the construction of residential flats. The company is engaged in the business of providing loans to individuals, corporate, and developers for the purchase, construction, development, and repair of houses, apartments, and commercial properties in India.
Star Housing Finance (BOM:539017) Headlines
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