What is Radaan Mediaworks India Financial Strength?
Radaan Mediaworks India has the Financial Strength Rank of 2. It displays poor financial strength and is likely in financial distress. Usually this is caused by too much debt for the company.
Warning Sign:
Radaan Mediaworks India Ltd displays poor financial strength. Usually, this is caused by too much debt for the company.
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.
Radaan Mediaworks India did not have earnings to cover the interest expense.
Radaan Mediaworks India's debt to revenue ratio for the quarter that ended in Dec. 2023 was 0.00.
As of today, Radaan Mediaworks India's Altman Z-Score is 0.39.
Competitive Comparison of Radaan Mediaworks India's Financial Strength
For the Entertainment subindustry, Radaan Mediaworks 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.
Radaan Mediaworks India's Financial Strength Distribution in the Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Radaan Mediaworks India's Financial Strength distribution charts can be found below:
* The bar in red indicates where Radaan Mediaworks India's Financial Strength falls into.
Radaan Mediaworks 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:
Radaan Mediaworks India's Interest Expense for the
months ended in Dec. 2023 was ₹-8.5 Mil. Its Operating Income for the
months ended in Dec. 2023 was ₹-2.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0.0 Mil.
Radaan Mediaworks India's Interest Coverage for the quarter that ended in Dec. 2023 is
| Radaan Mediaworks India did not have earnings to cover the interest expense. |
The higher the ratio, the stronger the company's financial strength is.
Warning Sign:
Ben Graham prefers companies' interest coverage to be at least 5. Radaan Mediaworks India Ltds earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.
2. Debt to revenue ratio. The lower, the better.
Radaan Mediaworks India'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.
Radaan Mediaworks India has a Z-score of 0.39, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
Warning Sign:
Altman Z-score of 0.39 is in distress zone. This implies bankruptcy possibility in the next two years.
* 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.
Radaan Mediaworks India (NSE:RADAAN) Business Description
Traded in Other Exchanges
Address
No. 14, Jayammal Road, Teynampet, Chennai, TN, IND, 600 018
Radaan Mediaworks India Ltd is a media entertainment company. It is engaged in producing content for tele-serials/films, digital content, web series, events, game shows, and others. The company also undertakes distribution activities, theatrical plays, and setting up training courses comprising acting, dance, martial arts, yoga, and others. The Company Operates in a single segment; Media and Entertainment. It generates revenues from the sale of advertising spots during the telecast of its program.
Radaan Mediaworks India (NSE:RADAAN) Headlines
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