What is CIMC Vehicles (Group) Co Financial Strength?
CIMC Vehicles (Group) Co has the Financial Strength Rank of 7.
Good Sign:
CIMC Vehicles (Group) 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.
CIMC Vehicles (Group) Co's Interest Coverage for the quarter that ended in Dec. 2023 was 11.90.
CIMC Vehicles (Group) Co's debt to revenue ratio for the quarter that ended in Dec. 2023 was 0.07.
As of today, CIMC Vehicles (Group) Co's Altman Z-Score is 2.77.
Competitive Comparison of CIMC Vehicles (Group) Co's Financial Strength
For the Farm & Heavy Construction Machinery subindustry, CIMC Vehicles (Group) 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.
CIMC Vehicles (Group) Co's Financial Strength Distribution in the Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, CIMC Vehicles (Group) Co's Financial Strength distribution charts can be found below:
* The bar in red indicates where CIMC Vehicles (Group) Co's Financial Strength falls into.
CIMC Vehicles (Group) 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:
CIMC Vehicles (Group) Co's Interest Expense for the
months ended in Dec. 2023 was ¥-15 Mil. Its Operating Income for the
months ended in Dec. 2023 was ¥181 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ¥455 Mil.
CIMC Vehicles (Group) Co's Interest Coverage for the quarter that ended in Dec. 2023 is
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
CIMC Vehicles (Group) Co's Debt to Revenue Ratio for the quarter that ended in Dec. 2023 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.
CIMC Vehicles (Group) Co has a Z-score of 2.77, indicating it is in Grey Zones. This implies that CIMC Vehicles (Group) 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 2.77 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.
CIMC Vehicles (Group) Co (SZSE:301039) Business Description
Traded in Other Exchanges
Address
No. 2 Gangwan Avenue, Shekou Industrial Zone, Nanshan District, Guangdong, Shenzhen, CHN, 518067
CIMC Vehicles (Group) Co Ltd is engaged in the manufacturing and sale of semi-trailers and truck bodies for specialty vehicles. The semi-trailers mainly include the following product lines, Container chassis trailers, Flatbed trailers & relevant derivative types, Curtain-side trailers, Van trailers, Refrigerated trailers, Tank trailers, and other special types of trailers. The truck body products include dump beds for dump trucks, mixers for mixer trucks, and a wide range of other truck bodies for specialty vehicles. Geographically, it operates in China, North America, Europe, and Other regions, out of which the majority is from China.
CIMC Vehicles (Group) Co (SZSE:301039) Headlines
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