What is Gulf Cable & Electrical Industries Co KSC Financial Strength?
Gulf Cable & Electrical Industries Co KSC has the Financial Strength Rank of 7.
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.
Gulf Cable & Electrical Industries Co KSC's Interest Coverage for the quarter that ended in Mar. 2024 was 1.25.
Gulf Cable & Electrical Industries Co KSC's debt to revenue ratio for the quarter that ended in Mar. 2024 was 0.30.
As of today, Gulf Cable & Electrical Industries Co KSC's Altman Z-Score is 4.43.
Competitive Comparison of Gulf Cable & Electrical Industries Co KSC's Financial Strength
For the Electrical Equipment & Parts subindustry, Gulf Cable & Electrical Industries Co KSC'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.
Gulf Cable & Electrical Industries Co KSC's Financial Strength Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Gulf Cable & Electrical Industries Co KSC's Financial Strength distribution charts can be found below:
* The bar in red indicates where Gulf Cable & Electrical Industries Co KSC's Financial Strength falls into.
Gulf Cable & Electrical Industries Co KSC 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:
Gulf Cable & Electrical Industries Co KSC's Interest Expense for the
months ended in Mar. 2024 was KWD-0.41 Mil. Its Operating Income for the
months ended in Mar. 2024 was KWD0.51 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was KWD20.24 Mil.
Gulf Cable & Electrical Industries Co KSC's Interest Coverage for the quarter that ended in Mar. 2024 is
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
Gulf Cable & Electrical Industries Co KSC'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.
Gulf Cable & Electrical Industries Co KSC has a Z-score of 4.43, indicating it is in Safe Zones. This implies the Z-Score is strong.
Good Sign:
Altman Z-score of 4.43 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.
Gulf Cable & Electrical Industries Co KSC (KUW:CABLE) Business Description
Traded in Other Exchanges
N/A
Address
Khalaf Al-Ahmar Street, P.O. Box 1196, Sulaibiya Area No. 1, Sulaibiya Industrial Area, Opposite to KPTC Warehouse, Kuwait, KWT, 13012
Gulf Cable & Electrical Industries Co KSC is a manufacturer and supplier of electrical and telephone cables, electrical transformers, switches and distribution panels, and aluminum chips. The group has three operating segments: Cable manufacture; Investment and Rendering services. The Cable manufacture segment contributes the maximum revenue. Its product range includes medium and low voltage power cables, control cables, bare conductors, telephone, communication and instrumentation cables.
Gulf Cable & Electrical Industries Co KSC (KUW:CABLE) Headlines
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