What is China Aluminum Cans Holdings Financial Strength?
China Aluminum Cans Holdings has the Financial Strength Rank of 10. It shows strong financial strength and is unlikely to fall into distressed situations.
Good Sign:
China Aluminum Cans Holdings 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.
China Aluminum Cans Holdings's Interest Coverage for the quarter that ended in Dec. 2023 was 2,392.25.
China Aluminum Cans Holdings's debt to revenue ratio for the quarter that ended in Dec. 2023 was 0.00.
As of today, China Aluminum Cans Holdings's Altman Z-Score is 14.39.
Competitive Comparison of China Aluminum Cans Holdings's Financial Strength
For the Packaging & Containers subindustry, China Aluminum Cans Holdings'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.
China Aluminum Cans Holdings's Financial Strength Distribution in the Packaging & Containers Industry
For the Packaging & Containers industry and Consumer Cyclical sector, China Aluminum Cans Holdings's Financial Strength distribution charts can be found below:
* The bar in red indicates where China Aluminum Cans Holdings's Financial Strength falls into.
China Aluminum Cans Holdings 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:
China Aluminum Cans Holdings's Interest Expense for the
months ended in Dec. 2023 was HK$-0.0 Mil. Its Operating Income for the
months ended in Dec. 2023 was HK$19.1 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$0.1 Mil.
China Aluminum Cans Holdings'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. China Aluminum Cans Holdings Ltd has enough cash to cover all of its debt. Its financial situation is stable.
2. Debt to revenue ratio. The lower, the better.
China Aluminum Cans Holdings'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.
China Aluminum Cans Holdings has a Z-score of 14.39, indicating it is in Safe Zones. This implies the Z-Score is strong.
Good Sign:
Altman Z-score of 14.39 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.
China Aluminum Cans Holdings (HKSE:06898) Business Description
Traded in Other Exchanges
N/A
Address
No. 5 Ya Bo Nan Road, National Health Technology Park of Zhongshan, Torch Development Zone, Guangdong Province, Zhongshan, CHN, 528437
China Aluminum Cans Holdings Ltd is an investment holding company engaged in the design, development, manufacture, and sale of aluminum aerosol cans. The aluminum aerosol cans are generally used in the packaging of fast-moving personal care products such as body deodorant, hair styling products, and shaving cream, as well as pharmaceutical products, which are pain-relieving spray, spray dressing, and antiseptic spray. Its geographical segments are Africa, America, Asia, Mainland China, and the Middle East, of which the majority of its revenue comes from Mainland China.
China Aluminum Cans Holdings (HKSE:06898) Headlines
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