What is The Israel Land Development Co Financial Strength?
The Israel Land Development 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:
The Israel Land Development 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.
The Israel Land Development Co's Interest Coverage for the quarter that ended in Mar. 2024 was 1.51.
The Israel Land Development Co's debt to revenue ratio for the quarter that ended in Mar. 2024 was 4.79.
As of today, The Israel Land Development Co's Altman Z-Score is 0.39.
Competitive Comparison of The Israel Land Development Co's Financial Strength
For the Real Estate Services subindustry, The Israel Land Development 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.
The Israel Land Development Co's Financial Strength Distribution in the Real Estate Industry
For the Real Estate industry and Real Estate sector, The Israel Land Development Co's Financial Strength distribution charts can be found below:
* The bar in red indicates where The Israel Land Development Co's Financial Strength falls into.
The Israel Land Development 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.
The Israel Land Development Co has a Z-score of 0.39, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
Warning Sign:
Altman Z-score of 0.39 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.
The Israel Land Development Co (XTAE:ILDC) 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.
The Israel Land Development 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.
The Israel Land Development Co Financial Strength Related Terms
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The Israel Land Development Co (XTAE:ILDC) Business Description
The Israel Land Development Co Ltd owns and manages a chain of hotels in Israel. The company's operating business segments are Property rental; Residential construction development overseas; and Residential construction development in Israel. Property rental segment generates most of the revenue for the firm which is engaged in the rental and management of investment properties throughout Israel and overseas.
The Israel Land Development Co (XTAE:ILDC) Headlines
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