What is AVIC Jonhon Optronic Technology Co Financial Strength?
AVIC Jonhon Optronic Technology Co has the Financial Strength Rank of 9. It shows strong financial strength and is unlikely to fall into distressed situations.
Good Sign:
AVIC Jonhon Optronic Technology Co 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.
AVIC Jonhon Optronic Technology Co's Interest Coverage for the quarter that ended in Mar. 2024 was 105.83.
AVIC Jonhon Optronic Technology Co's debt to revenue ratio for the quarter that ended in Mar. 2024 was 0.06.
As of today, AVIC Jonhon Optronic Technology Co's Altman Z-Score is 5.30.
Competitive Comparison of AVIC Jonhon Optronic Technology Co's Financial Strength
For the Electronic Components subindustry, AVIC Jonhon Optronic 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.
AVIC Jonhon Optronic Technology Co's Financial Strength Distribution in the Hardware Industry
For the Hardware industry and Technology sector, AVIC Jonhon Optronic Technology Co's Financial Strength distribution charts can be found below:
* The bar in red indicates where AVIC Jonhon Optronic Technology Co's Financial Strength falls into.
AVIC Jonhon Optronic 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:
AVIC Jonhon Optronic Technology Co's Interest Expense for the
months ended in Mar. 2024 was ¥-8 Mil. Its Operating Income for the
months ended in Mar. 2024 was ¥886 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥626 Mil.
AVIC Jonhon Optronic Technology Co's Interest Coverage for the quarter that ended in Mar. 2024 is
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. AVIC Jonhon Optronic Technology Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.
2. Debt to revenue ratio. The lower, the better.
AVIC Jonhon Optronic 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.
AVIC Jonhon Optronic Technology Co has a Z-score of 5.30, indicating it is in Safe Zones. This implies the Z-Score is strong.
Good Sign:
Altman Z-score of 5.3 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.
AVIC Jonhon Optronic Technology Co (SZSE:002179) Business Description
Traded in Other Exchanges
N/A
Address
No.10 Zhoushan Road, Luoyang, CHN, 471003
AVIC Jonhon Optronic Technology Co Ltd is specialized in research and development of optical, electrical, fluid technology and equipment. The company products are used in aviation, aerospace and military field, communication and data center field, railway transportation field, new energy vehicle field, power equipment, petroleum equipment, medical equipment, and other civil high-end manufacturing fields. It also exports to European countries, the United States, Israel, Australia, Korea, India and so on.
AVIC Jonhon Optronic Technology Co (SZSE:002179) Headlines
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