What is Industrias PenolesB de CV Financial Strength?
Industrias PenolesB de CV has the Financial Strength Rank of 5.
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.
Industrias PenolesB de CV did not have earnings to cover the interest expense.
Industrias PenolesB de CV's debt to revenue ratio for the quarter that ended in Sep. 2023 was 0.63.
As of today, Industrias PenolesB de CV's Altman Z-Score is 2.10.
Competitive Comparison of Industrias PenolesB de CV's Financial Strength
For the Other Industrial Metals & Mining subindustry, Industrias PenolesB de CV'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.
Industrias PenolesB de CV's Financial Strength Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Industrias PenolesB de CV's Financial Strength distribution charts can be found below:
* The bar in red indicates where Industrias PenolesB de CV's Financial Strength falls into.
Industrias PenolesB de CV 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:
Industrias PenolesB de CV's Interest Expense for the
months ended in Sep. 2023 was $-50 Mil. Its Operating Income for the
months ended in Sep. 2023 was $-62 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $2,728 Mil.
Industrias PenolesB de CV's Interest Coverage for the quarter that ended in Sep. 2023 is
| Industrias PenolesB de CV did not have earnings to cover the interest expense. |
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
Industrias PenolesB de CV's Debt to Revenue Ratio for the quarter that ended in Sep. 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.
Industrias PenolesB de CV has a Z-score of 2.10, indicating it is in Grey Zones. This implies that Industrias PenolesB de CV 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 2.1 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.
Industrias PenolesB de CV (Industrias PenolesB de CV) Business Description
Traded in Other Exchanges
Address
BAL Corporate, Calzada Legaria No. 549, Torre 2 Colonia 10 de abril Delegacion Miguel Hida, Mexico City, DF, MEX, 11250
Industrias Penoles SAB de CV is a mining group with integrated operations in smelting and refining nonferrous metals and producing chemicals. The company is one of the world's largest producers of refined silver and America's largest producer of metallic bismuth. It is one of the largest producers of refined gold and lead in Latin America, and among the largest zinc and sodium sulfate producers worldwide. The majority of Industrias Penoles' sales are made abroad, making it one of Mexico's main export companies.
Industrias PenolesB de CV (Industrias PenolesB de CV) Headlines
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