What is Jiangsu Rainbow Heavy Industries Co Financial Strength?
Jiangsu Rainbow Heavy Industries 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.
Jiangsu Rainbow Heavy Industries Co's Interest Coverage for the quarter that ended in Mar. 2024 was 12.26.
Jiangsu Rainbow Heavy Industries Co's debt to revenue ratio for the quarter that ended in Mar. 2024 was 0.20.
As of today, Jiangsu Rainbow Heavy Industries Co's Altman Z-Score is 1.66.
Competitive Comparison of Jiangsu Rainbow Heavy Industries Co's Financial Strength
For the Specialty Industrial Machinery subindustry, Jiangsu Rainbow Heavy Industries 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.
Jiangsu Rainbow Heavy Industries Co's Financial Strength Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Jiangsu Rainbow Heavy Industries Co's Financial Strength distribution charts can be found below:
* The bar in red indicates where Jiangsu Rainbow Heavy Industries Co's Financial Strength falls into.
Jiangsu Rainbow Heavy Industries 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:
Jiangsu Rainbow Heavy Industries Co's Interest Expense for the
months ended in Mar. 2024 was ¥-11 Mil. Its Operating Income for the
months ended in Mar. 2024 was ¥133 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥222 Mil.
Jiangsu Rainbow Heavy Industries 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.
2. Debt to revenue ratio. The lower, the better.
Jiangsu Rainbow Heavy Industries 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.
Jiangsu Rainbow Heavy Industries Co has a Z-score of 1.66, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
Warning Sign:
Altman Z-score of 1.66 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.
Jiangsu Rainbow Heavy Industries Co (SZSE:002483) Business Description
Traded in Other Exchanges
N/A
Address
No.9, Zhenxing West Road, Economic & Technology Development Zone, Natong, CHN, 226010
Jiangsu Rainbow Heavy Industries Co Ltd is mainly engaged in the engineering, fabrication, sale, and maintenance of cranes in China. Its major business consists of 2 modules: high-end equipment manufactures and environmental protection. The high-end equipment manufacture module includes material lifting, offshore equipment, and shipbuilding, the products covered all kinds of lifting machinery, ship equipment, marine equipment, car parking equipment, engineering vessels and other related products. The environmental protection module includes industrial wastewater treatment, sludge treatment, hazardous solid waste disposal and other energy saving, recycling economy business.
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Jiangsu Rainbow Heavy Industries Co (SZSE:002483) Headlines
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