What is De Nora India Financial Strength?
De Nora India has the Financial Strength Rank of 10. It shows strong financial strength and is unlikely to fall into distressed situations.
Good Sign:
De Nora India 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.
De Nora India has no long-term debt (1).
De Nora India's debt to revenue ratio for the quarter that ended in Mar. 2024 was 0.00.
As of today, De Nora India's Altman Z-Score is 72.06.
(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 De Nora India's Financial Strength
For the Electrical Equipment & Parts subindustry, De Nora India'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.
De Nora India's Financial Strength Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, De Nora India's Financial Strength distribution charts can be found below:
* The bar in red indicates where De Nora India's Financial Strength falls into.
De Nora India 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:
De Nora India's Interest Expense for the
months ended in Mar. 2024 was ₹0.0 Mil. Its Operating Income for the
months ended in Mar. 2024 was ₹59.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹0.0 Mil.
De Nora India's Interest Coverage for the quarter that ended in Mar. 2024 is
| De Nora India had no long-term debt (1). |
The higher the ratio, the stronger the company's financial strength is.
Good Sign:
De Nora India Ltd has no debt.
2. Debt to revenue ratio. The lower, the better.
De Nora India'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.
De Nora India has a Z-score of 72.06, indicating it is in Safe Zones. This implies the Z-Score is strong.
Good Sign:
Altman Z-score of 72.06 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.
De Nora India (NSE:DENORA) Business Description
Traded in Other Exchanges
Address
Kumdaim Industrial Estate, Plot Nos. 184, 185 & 189, Kundiam, GA, IND, 403115
De Nora India Ltd manufactures and sells electrolytic products in India. It is recognized as a supplier of technologies for the production of chlorine, caustic soda, and derivatives for the chlor-alkali industry as well as the worldwide manufacturer and recoater of noble metal-coated electrodes, electrolyzers, coating solutions for the electrochemical industry in general. The company's operating segment includes Electrode Technologies, which generates the majority of revenue, and Water Technologies. Geographically, it derives a majority of its revenue from India. The company serves various markets, such as agriculture and livestock, chlorine and caustic industry, bleaching chemicals, corrosion prevention, electronics, energy, food industry, marine, and others.
De Nora India (NSE:DENORA) Headlines
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