What is LONGi Green Energy Technology Co Financial Strength?
LONGi Green Energy Technology Co 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.
2. Debt to revenue ratio. The lower, the better.
3.
Altman Z-Score.
LONGi Green Energy Technology Co did not have earnings to cover the interest expense.
LONGi Green Energy Technology Co's debt to revenue ratio for the quarter that ended in Mar. 2024 was 0.37.
As of today, LONGi Green Energy Technology Co's Altman Z-Score is 2.24.
Competitive Comparison of LONGi Green Energy Technology Co's Financial Strength
For the Semiconductor Equipment & Materials subindustry, LONGi Green Energy 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.
LONGi Green Energy Technology Co's Financial Strength Distribution in the Semiconductors Industry
For the Semiconductors industry and Technology sector, LONGi Green Energy Technology Co's Financial Strength distribution charts can be found below:
* The bar in red indicates where LONGi Green Energy Technology Co's Financial Strength falls into.
LONGi Green Energy 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:
LONGi Green Energy Technology Co's Interest Expense for the
months ended in Mar. 2024 was ¥-188 Mil. Its Operating Income for the
months ended in Mar. 2024 was ¥-234 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥24,483 Mil.
LONGi Green Energy Technology Co's Interest Coverage for the quarter that ended in Mar. 2024 is
| LONGi Green Energy 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.
LONGi Green Energy 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.
LONGi Green Energy Technology Co has a Z-score of 2.24, indicating it is in Grey Zones. This implies that LONGi Green Energy Technology Co is in some kind of financial stress. If it is below 1.81, the company may faces bankrupcy risk.
Warning Sign:
Altman Z-score of 2.24 is in the grey area. This implies that the company is under some kind of financial stress. If it is below 1.8, the company may face bankruptcy risk.
* 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.
LONGi Green Energy Technology Co (SHSE:601012) Business Description
Traded in Other Exchanges
N/A
Address
Innovation Incubation Center Block B, Shangji Road 8989 Xi'an Service Outsourcing Industrial Park, Xi'an Economic and Technological Development Zone, Xian, CHN, 710018
LONGi Green Energy Technology is the largest integrated solar company in the world. It produced 85.9 gigawatts of solar silicon wafers and 48.2 GW of solar modules in 2022, both the most globally. Solar silicon wafer and solar module contributed 30% and 66% of revenue in 2022, respectively. LONGi's production bases are mostly in China. LONGi's products are sold in more than 150 countries and regions.
LONGi Green Energy Technology Co (SHSE:601012) Headlines
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