What is Zhejiang Jingsheng Mechanical and Electrical Co Financial Strength?
Zhejiang Jingsheng Mechanical and Electrical Co has the Financial Strength Rank of 7.
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.
Zhejiang Jingsheng Mechanical and Electrical Co's Interest Coverage for the quarter that ended in Mar. 2024 was 130.36.
Zhejiang Jingsheng Mechanical and Electrical Co's debt to revenue ratio for the quarter that ended in Mar. 2024 was 0.11.
As of today, Zhejiang Jingsheng Mechanical and Electrical Co's Altman Z-Score is 3.19.
Competitive Comparison of Zhejiang Jingsheng Mechanical and Electrical Co's Financial Strength
For the Semiconductor Equipment & Materials subindustry, Zhejiang Jingsheng Mechanical and Electrical 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.
Zhejiang Jingsheng Mechanical and Electrical Co's Financial Strength Distribution in the Semiconductors Industry
For the Semiconductors industry and Technology sector, Zhejiang Jingsheng Mechanical and Electrical Co's Financial Strength distribution charts can be found below:
* The bar in red indicates where Zhejiang Jingsheng Mechanical and Electrical Co's Financial Strength falls into.
Zhejiang Jingsheng Mechanical and Electrical 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:
Zhejiang Jingsheng Mechanical and Electrical Co's Interest Expense for the
months ended in Mar. 2024 was ¥-12 Mil. Its Operating Income for the
months ended in Mar. 2024 was ¥1,538 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥741 Mil.
Zhejiang Jingsheng Mechanical and Electrical 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.
Zhejiang Jingsheng Mechanical and Electrical 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.
Zhejiang Jingsheng Mechanical and Electrical Co has a Z-score of 3.19, indicating it is in Safe Zones. This implies the Z-Score is strong.
Good Sign:
Altman Z-score of 3.19 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.
Zhejiang Jingsheng Mechanical and Electrical Co (SZSE:300316) Business Description
Traded in Other Exchanges
N/A
Address
No.218 West Tongjiang Road, Economic Development Zone, Zhejiang Province, Shangyu District, Shaoxing, CHN, 312300
Zhejiang Jingsheng Mechanical and Electrical Co Ltd is a China-based company engaged in the equipment research and development, manufacturing and marketing for semiconductor and photovoltaic material industry. Its products include automatic CZ crystalline growing furnace, and others, which are applied in semiconductor, PV field, IGBT power device, LED photoelectron and sapphire window material, and other areas. The company supplies and provides equipment and sapphire crystal material of semiconductor silicon material, PV silicon material LED detection and lighting and others.
Zhejiang Jingsheng Mechanical and Electrical Co (SZSE:300316) Headlines
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