What is Sungold Media and Entertainment Financial Strength?
Sungold Media and Entertainment has the Financial Strength Rank of 10. It shows strong financial strength and is unlikely to fall into distressed situations.
Good Sign:
Sungold Media and Entertainment 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.
Sungold Media and Entertainment has no long-term debt (1).
Sungold Media and Entertainment's debt to revenue ratio for the quarter that ended in Mar. 2024 was 0.00.
As of today, Sungold Media and Entertainment's Altman Z-Score is 985.26.
(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 Sungold Media and Entertainment's Financial Strength
For the Advertising Agencies subindustry, Sungold Media and Entertainment'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.
Sungold Media and Entertainment's Financial Strength Distribution in the Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Sungold Media and Entertainment's Financial Strength distribution charts can be found below:
* The bar in red indicates where Sungold Media and Entertainment's Financial Strength falls into.
Sungold Media and Entertainment 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:
Sungold Media and Entertainment's Interest Expense for the
months ended in Mar. 2024 was ₹0.00 Mil. Its Operating Income for the
months ended in Mar. 2024 was ₹0.04 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹0.00 Mil.
Sungold Media and Entertainment's Interest Coverage for the quarter that ended in Mar. 2024 is
| Sungold Media and Entertainment had no long-term debt (1). |
The higher the ratio, the stronger the company's financial strength is.
Good Sign:
Sungold Media and Entertainment Ltd has no debt.
2. Debt to revenue ratio. The lower, the better.
Sungold Media and Entertainment'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.
Sungold Media and Entertainment has a Z-score of 985.26, indicating it is in Safe Zones. This implies the Z-Score is strong.
Good Sign:
Altman Z-score of 985.26 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.
Sungold Media and Entertainment (BOM:541799) Business Description
Traded in Other Exchanges
N/A
Address
13, Radhakrushna Mandir Compound, Village- Rajpipla, Nandod, Narmada, GJ, IND, 393145
Sungold Media and Entertainment Ltd is an Indian company operating in the media and entertainment industry. It provides graphic design, website design, Video Editing, Digital Marketing, Photography, Videography, Mobile App Development, Celebrity Management, and distribution services. It engages in multilevel marketing, network marketing, digital marketing of products/services/consultancy, and other forms of marketing and electronic services or devices including applications relating to media and entertainment.
Sungold Media and Entertainment (BOM:541799) Headlines
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