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Caisse Regionale du Credit Agricole Mutuel du Languedoc (XPAR:CRLA) Financial Strength : 5 (As of Dec. 2023)


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What is Caisse Regionale du Credit Agricole Mutuel du Languedoc Financial Strength?

Caisse Regionale du Credit Agricole Mutuel du Languedoc has the Financial Strength Rank of 5.

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.

GuruFocus does not calculate Caisse Regionale du Credit Agricole Mutuel du Languedoc's interest coverage with the available data. Caisse Regionale du Credit Agricole Mutuel du Languedoc's debt to revenue ratio for the quarter that ended in Dec. 2023 was 0.18. Altman Z-Score does not apply to banks and insurance companies.


Caisse Regionale du Credit Agricole Mutuel du Languedoc 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:

Caisse Regionale du Credit Agricole Mutuel du Languedoc's Interest Expense for the months ended in Dec. 2023 was €-514.8 Mil. Its Operating Income for the months ended in Dec. 2023 was €0.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €97.0 Mil.

Caisse Regionale du Credit Agricole Mutuel du Languedoc's Interest Coverage for the quarter that ended in Dec. 2023 is

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. Caisse Regionale du Credit Agricole Mutuel du Languedoc has enough cash to cover all of its debt. Its financial situation is stable.

2. Debt to revenue ratio. The lower, the better.

Caisse Regionale du Credit Agricole Mutuel du Languedoc's Debt to Revenue Ratio for the quarter that ended in Dec. 2023 is

Debt to Revenue Ratio=Total Debt (Q: Dec. 2023 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(0 + 97.027) / 531.856
=0.18

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.

Altman Z-Score does not apply to banks and insurance companies.

* 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.


Caisse Regionale du Credit Agricole Mutuel du Languedoc  (XPAR:CRLA) 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.

Caisse Regionale du Credit Agricole Mutuel du Languedoc has the Financial Strength Rank of 5.


Caisse Regionale du Credit Agricole Mutuel du Languedoc Financial Strength Related Terms

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Caisse Regionale du Credit Agricole Mutuel du Languedoc (XPAR:CRLA) Business Description

Traded in Other Exchanges
N/A
Address
Avenue de Montpellieret et Maurin, Lattes cedex, FRA, 34977
Caisse Regionale du Credit Agricole Mutuel du Languedoc is a regional bank in France. The bank provides banking services and products in France. It has a network of approximately 102 banking outlets and 210 branches. The bank's service portfolio consists of real estate credit, consumer credit, saving account, property insurance and insurance of persons. It primarily serves individuals, enterprises, professionals and associations, among others.