What is Adani Ports & Special Economic Zone Financial Strength?
Adani Ports & Special Economic Zone 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.
Adani Ports & Special Economic Zone's Interest Coverage for the quarter that ended in Dec. 2023 was 4.66.
Adani Ports & Special Economic Zone's debt to revenue ratio for the quarter that ended in Dec. 2023 was 0.00.
As of today, Adani Ports & Special Economic Zone's Altman Z-Score is 3.28.
Competitive Comparison of Adani Ports & Special Economic Zone's Financial Strength
For the Marine Shipping subindustry, Adani Ports & Special Economic Zone'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.
Adani Ports & Special Economic Zone's Financial Strength Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, Adani Ports & Special Economic Zone's Financial Strength distribution charts can be found below:
* The bar in red indicates where Adani Ports & Special Economic Zone's Financial Strength falls into.
Adani Ports & Special Economic Zone 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:
Adani Ports & Special Economic Zone's Interest Expense for the
months ended in Dec. 2023 was ₹-6,864 Mil. Its Operating Income for the
months ended in Dec. 2023 was ₹32,006 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0 Mil.
Adani Ports & Special Economic Zone's Interest Coverage for the quarter that ended in Dec. 2023 is
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
Adani Ports & Special Economic Zone'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.
Adani Ports & Special Economic Zone has a Z-score of 3.28, indicating it is in Safe Zones. This implies the Z-Score is strong.
Good Sign:
Altman Z-score of 3.28 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.
Adani Ports & Special Economic Zone (BOM:532921) Business Description
Traded in Other Exchanges
Address
Near Vaishno Devi Circle, S. G. Highway, Adani Corporate House, Shantigram, Khodiyar, Ahmedabad, GJ, IND, 382421
Adani Ports & Special Economic Zone Ltd is a port infrastructure company domiciled in India. The company owns, operates, develops, and maintains port terminals and port infrastructure in India, including operating and developing infrastructure at the Special Economic Zone in Mundra. Adani Ports & Special Economic Zone also owns and operates a private railway to transport container cargo, and provides storage, handling, and other logistics services. It has one business segment, namely developing, operating and maintaining the ports services, ports-related Infrastructure development activities and development of infrastructure at contiguous Special Economic Zone at Mundra. The company generates the vast majority of revenue domestically.
Adani Ports & Special Economic Zone (BOM:532921) Headlines
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