What is Anhui Chaoyue Environmental Protection Technology Co Financial Strength?
Anhui Chaoyue Environmental Protection Technology Co has the Financial Strength Rank of 4.
Warning Sign:
Anhui Chaoyue Environmental Protection Technology Co displays poor financial strength. Usually, this is caused by too much debt for the company.
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.
Anhui Chaoyue Environmental Protection Technology Co did not have earnings to cover the interest expense.
Anhui Chaoyue Environmental Protection Technology Co's debt to revenue ratio for the quarter that ended in Mar. 2024 was 0.88.
As of today, Anhui Chaoyue Environmental Protection Technology Co's Altman Z-Score is 3.20.
Competitive Comparison of Anhui Chaoyue Environmental Protection Technology Co's Financial Strength
For the Waste Management subindustry, Anhui Chaoyue Environmental Protection 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.
Anhui Chaoyue Environmental Protection Technology Co's Financial Strength Distribution in the Waste Management Industry
For the Waste Management industry and Industrials sector, Anhui Chaoyue Environmental Protection Technology Co's Financial Strength distribution charts can be found below:
* The bar in red indicates where Anhui Chaoyue Environmental Protection Technology Co's Financial Strength falls into.
Anhui Chaoyue Environmental Protection 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:
Anhui Chaoyue Environmental Protection Technology Co's Interest Expense for the
months ended in Mar. 2024 was ¥-2.3 Mil. Its Operating Income for the
months ended in Mar. 2024 was ¥-9.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥102.4 Mil.
Anhui Chaoyue Environmental Protection Technology Co's Interest Coverage for the quarter that ended in Mar. 2024 is
| Anhui Chaoyue Environmental Protection 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.
Anhui Chaoyue Environmental Protection 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.
Anhui Chaoyue Environmental Protection Technology Co has a Z-score of 3.20, indicating it is in Safe Zones. This implies the Z-Score is strong.
Good Sign:
Altman Z-score of 3.2 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.
Anhui Chaoyue Environmental Protection Technology Co (SZSE:301049) Business Description
Traded in Other Exchanges
N/A
Address
Youfang Village, Shahe Town, Nanqiao District, Anhui Province, Chuzhou, CHN, 239060
Anhui Chaoyue Environmental Technology Co Ltd is a environmental protection enterprise specializing in the professional disposal of industrial hazardous waste, medical waste, dismantling of waste electrical and electronic products, comprehensive utilization of resources, and research and development of energy-saving and environmental protection technologies.
Anhui Chaoyue Environmental Protection Technology Co (SZSE:301049) Headlines
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