What is Hil Industries Bhd Financial Strength?
Hil Industries Bhd has the Financial Strength Rank of 10. It shows strong financial strength and is unlikely to fall into distressed situations.
Good Sign:
Hil Industries Bhd 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.
Hil Industries Bhd has no long-term debt (1).
Hil Industries Bhd's debt to revenue ratio for the quarter that ended in Dec. 2023 was 0.00.
As of today, Hil Industries Bhd's Altman Z-Score is 5.89.
(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
Competitive Comparison of Hil Industries Bhd's Financial Strength
For the Metal Fabrication subindustry, Hil Industries Bhd'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.
Hil Industries Bhd's Financial Strength Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Hil Industries Bhd's Financial Strength distribution charts can be found below:
* The bar in red indicates where Hil Industries Bhd's Financial Strength falls into.
Hil Industries Bhd 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:
Hil Industries Bhd's Interest Expense for the
months ended in Dec. 2023 was RM0.0 Mil. Its Operating Income for the
months ended in Dec. 2023 was RM9.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was RM0.0 Mil.
Hil Industries Bhd's Interest Coverage for the quarter that ended in Dec. 2023 is
| Hil Industries Bhd had no long-term debt (1). |
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. Hil Industries Bhd has enough cash to cover all of its debt. Its financial situation is stable.
2. Debt to revenue ratio. The lower, the better.
Hil Industries Bhd'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.
Hil Industries Bhd has a Z-score of 5.89, indicating it is in Safe Zones. This implies the Z-Score is strong.
Good Sign:
Altman Z-score of 5.89 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.
Hil Industries Bhd (XKLS:8443) Business Description
Traded in Other Exchanges
N/A
Address
Lot 3, Jalan Lada Sulah 16/11, Section 16, Shah Alam, SGR, MYS, 40000
Hil Industries Bhd is a manufacturer and seller of industrial and domestic moulded plastic products. The company's reportable segment include: Manufacturing; Property development and management; and Trading, services and others. The Manufacturing segment engages in the manufacture and sale of industrial and domestic moulded plastic products. The Property development and management segment is involved in the development of residential, commercial and light industrial properties, and letting out of properties and provision of property management services. Trading, services and others segment includes general trading. The company generates key revenue from the Manufacturing segment. It has a business presence in Malaysia, the PRC and Taiwan.
Hil Industries Bhd (XKLS:8443) Headlines
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