What is Hong Kong Ferry (Holdings) Co Financial Strength?
Hong Kong Ferry (Holdings) Co has the Financial Strength Rank of 10. It shows strong financial strength and is unlikely to fall into distressed situations.
Good Sign:
Hong Kong Ferry (Holdings) Co 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.
Hong Kong Ferry (Holdings) Co's Interest Coverage for the quarter that ended in Dec. 2023 was 552.43.
Hong Kong Ferry (Holdings) Co's debt to revenue ratio for the quarter that ended in Dec. 2023 was 0.02.
As of today, Hong Kong Ferry (Holdings) Co's Altman Z-Score is 4.62.
Competitive Comparison of Hong Kong Ferry (Holdings) Co's Financial Strength
For the Real Estate - Diversified subindustry, Hong Kong Ferry (Holdings) 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.
Hong Kong Ferry (Holdings) Co's Financial Strength Distribution in the Real Estate Industry
For the Real Estate industry and Real Estate sector, Hong Kong Ferry (Holdings) Co's Financial Strength distribution charts can be found below:
* The bar in red indicates where Hong Kong Ferry (Holdings) Co's Financial Strength falls into.
Hong Kong Ferry (Holdings) 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:
Hong Kong Ferry (Holdings) Co's Interest Expense for the
months ended in Dec. 2023 was HK$-0.1 Mil. Its Operating Income for the
months ended in Dec. 2023 was HK$64.1 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$2.9 Mil.
Hong Kong Ferry (Holdings) Co's Interest Coverage for the quarter that ended in Dec. 2023 is
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. Hong Kong Ferry (Holdings) Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.
2. Debt to revenue ratio. The lower, the better.
Hong Kong Ferry (Holdings) Co'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.
Hong Kong Ferry (Holdings) Co has a Z-score of 4.62, indicating it is in Safe Zones. This implies the Z-Score is strong.
Good Sign:
Altman Z-score of 4.62 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.
Hong Kong Ferry (Holdings) Co (HKSE:00050) Business Description
Traded in Other Exchanges
N/A
Address
98 Tam Kon Shan Road, TYTL 102, Ngau Kok Wan, North Tsing Yi, New Territories, Hong Kong, HKG, TYTL 102
Hong Kong Ferry (Holdings) Co Ltd is an investment holding company. It operates through four segments comprising Property development including the development and sale of properties; Property investment including rental income from the leasing of properties; Ferry, shipyard and related operations including income from the operation of dangerous goods vehicular ferry service and ship repairs and maintenance services and sales of goods on cruise vessels; and Securities investment segment which includes dividend, interest and other income from debt and equity securities investments. It derives a majority of the revenue from the Property investment segment. All of the group's revenue and profit from operations were derived from activities in Hong Kong.
Hong Kong Ferry (Holdings) Co (HKSE:00050) Headlines
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