What is Hanjin Transportation Co Financial Strength?
Hanjin Transportation Co has the Financial Strength Rank of 3. It displays poor financial strength and is likely in financial distress. Usually this is caused by too much debt for the company.
Warning Sign:
Hanjin Transportation Co Ltd 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.
Hanjin Transportation Co's Interest Coverage for the quarter that ended in Mar. 2024 was 1.99.
Hanjin Transportation Co's debt to revenue ratio for the quarter that ended in Mar. 2024 was 0.00.
As of today, Hanjin Transportation Co's Altman Z-Score is 1.00.
Competitive Comparison of Hanjin Transportation Co's Financial Strength
For the Integrated Freight & Logistics subindustry, Hanjin Transportation 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.
Hanjin Transportation Co's Financial Strength Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, Hanjin Transportation Co's Financial Strength distribution charts can be found below:
* The bar in red indicates where Hanjin Transportation Co's Financial Strength falls into.
Hanjin Transportation 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.
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:
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.
Hanjin Transportation Co has a Z-score of 1.00, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
Warning Sign:
Altman Z-score of 1 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.
Hanjin Transportation Co (XKRX:002320) Financial Strength Explanation
The maximum rank is 10. Companies with rank 7 or higher will be unlikely to fall into distressed situations. Companies with rank of 3 or less are likely in financial distress.
Hanjin Transportation Co has the Financial Strength Rank of 3. It displays poor financial strength and is likely in financial distress. Usually this is caused by too much debt for the company.
Hanjin Transportation Co Financial Strength Related Terms
Thank you for viewing the detailed overview of Hanjin Transportation Co's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.
Hanjin Transportation Co (XKRX:002320) Business Description
Hanjin Transportation Co Ltd is engaged in providing transportation and logistics services in Korea. The company's services include 3PL (Third Party Logistics), global express, shipping, forwarding, packaging and moving, overseas business, stevedoring, small package delivery, inland transportation, warehousing, heavy cargo transportation and rent-a-car. The group operates in various markets including China, Central Asia, Southeast Asia, and Europe.
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