What is Shanghai New Power Automotive Technology Co Financial Strength?
Shanghai New Power Automotive Technology Co has the Financial Strength Rank of 4.
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.
Shanghai New Power Automotive Technology Co did not have earnings to cover the interest expense.
Shanghai New Power Automotive Technology Co's debt to revenue ratio for the quarter that ended in Mar. 2024 was 0.46.
As of today, Shanghai New Power Automotive Technology Co's Altman Z-Score is 0.08.
Competitive Comparison of Shanghai New Power Automotive Technology Co's Financial Strength
For the Farm & Heavy Construction Machinery subindustry, Shanghai New Power Automotive Technology Co'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.
Shanghai New Power Automotive Technology Co's Financial Strength Distribution in the Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, Shanghai New Power Automotive Technology Co's Financial Strength distribution charts can be found below:
* The bar in red indicates where Shanghai New Power Automotive Technology Co's Financial Strength falls into.
Shanghai New Power Automotive Technology Co 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:
Shanghai New Power Automotive Technology Co's Interest Expense for the
months ended in Mar. 2024 was ¥-31 Mil. Its Operating Income for the
months ended in Mar. 2024 was ¥-270 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥590 Mil.
Shanghai New Power Automotive Technology Co's Interest Coverage for the quarter that ended in Mar. 2024 is
| Shanghai New Power Automotive Technology Co 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.
Shanghai New Power Automotive Technology Co'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.
Shanghai New Power Automotive Technology Co has a Z-score of 0.08, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
Warning Sign:
Altman Z-score of 0.08 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.
Shanghai New Power Automotive Technology Co (SHSE:600841) Business Description
Traded in Other Exchanges
Address
No. 2636 Jungong Road, Shanghai, CHN, 200438
Shanghai New Power Automotive Technology Co Ltd formerly Shanghai Diesel Engine Co Ltd is engaged in research, development, and manufacture of engines, engine parts, and generator set in China. Its products include truck engine, construction machinery engine, bus engine, agricultural machinery engine, power generation engine, marine engine, and generator set. The company distributes its products within the domestic market and to overseas markets.
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