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Singularity Future Technology has the Financial Strength Rank of 6.
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.GuruFocus does not calculate Singularity Future Technology's interest coverage with the available data. Singularity Future Technology's debt to revenue ratio for the quarter that ended in Dec. 2023 was 0.11. As of today, Singularity Future Technology's Altman Z-Score is -15.89.
For the Integrated Freight & Logistics subindustry, Singularity Future Technology'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.
For the Transportation industry and Industrials sector, Singularity Future Technology's Financial Strength distribution charts can be found below:
* The bar in red indicates where Singularity Future Technology's Financial Strength falls into.
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:
Singularity Future Technology's Interest Expense for the months ended in Dec. 2023 was $0.00 Mil. Its Operating Income for the months ended in Dec. 2023 was $-1.22 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.21 Mil.
Singularity Future Technology's Interest Coverage for the quarter that ended in Dec. 2023 is
GuruFocus does not calculate Singularity Future Technology's interest coverage with the available data. |
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. Singularity Future Technology Ltd has enough cash to cover all of its debt. Its financial situation is stable.
2. Debt to revenue ratio. The lower, the better.
Singularity Future Technology's Debt to Revenue Ratio for the quarter that ended in Dec. 2023 is
Debt to Revenue Ratio | = | Total Debt (Q: Dec. 2023 ) | / | Revenue | ||
= | (Short-Term Debt & Capital Lease Obligation | + | Long-Term Debt & Capital Lease Obligation) | / | Revenue | |
= | (0.215 | + | 0.208) | / | 3.844 | |
= | 0.11 |
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.
Singularity Future Technology has a Z-score of -15.89, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
Warning Sign:
Altman Z-score of -15.89 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.
Singularity Future Technology (NAS:SGLY) Financial Strength Explanation
The maximum rank is 10. Companies with rank 7 or higher will be unlikely to fall into distressed situations. Companies with rank of 3 or less are likely in financial distress.
Singularity Future Technology has the Financial Strength Rank of 6.
Thank you for viewing the detailed overview of Singularity Future Technology's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.
Zhongliang Xie | director | SINGULARITY FUTURE TECHNOLOGY LTD., 98 CUTTER MILL ROAD, SUITE 322, GREAT NECK NY 11021 |
Ying Cao | officer: CFO | SINGULARITY FUTURE TECHNOLOGY LTD., 98 CUTTER MILL ROAD, SUITE 322, GREAT NECK NY 11021 |
Ling Jiang | director | SINGULARITY FUTURE TECHNOLOGY LTD., 98 CUTTER MILL ROAD, SUITE 322, GREAT NECK NY 11201 |
Haotian Song | director, officer: Voce President | SINGULARITY FUTURE TECHNOLOGY LTD., 98 CUTTER MILL ROAD, SUITE 322, GREAT NECK NY 11201 |
Dianjiang Wang | officer: CFO | SINGULARITY FUTURE TECHNOLOGY LTD., 98 CUTTER MILL ROAD, SUITE 322, GREAT NECK NY 11201 |
Ziyuan Liu | director, officer: Chairman of the Board and CEO | SINGULARITY FUTURE TECHNOLOGY LTD., 98 CUTTER MILL ROAD, SUITE 322, GREAT NECK NY 11201 |
Yang Jie | director, officer: Chief Executive Officer | 108 WOOLEYS LN, GREAT NECK NJ 11023 |
Jing Shan | officer: Chief Operating Officer | 9 AVE AT PORT IMPERIAL, UNITE 622, WEST NEW YORK NJ 07093 |
Shi Qiu | officer: Chief Technology Officer | 67B 157 WEST 57 STREET, NEW YORK NY 10019 |
Heng Wang | director | 16-017, 85 BROAD STREET, NEW YORK NY 10004 |
Lei Nie | officer: Vice President | 49 ELMTREE LANE, JERICHO NY 11753 |
Xiaohuan Huang | director | GRAND TWO 131-03 40TH RD, FLUSHING NY 11354 |
Junfeng Xu | director | RM802, JUYUANBEILI, DAHONGMEN RD., FENGTAI DIST., BEIJING F4 100076 |
Jianming Li | director | RM102 NO.77 BAO GANG SI CUN, YOUYI RD, BAOSHAN DISTRICT, SHANGHAI F4 201999 |
Jing Wang | director | 36-09 MAIN STREET, SUITE 9C-2, FLUSHING NY 11354 |
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