What is Shandong Hi-Speed Co Financial Strength?
Shandong Hi-Speed Co has the Financial Strength Rank of 2. It displays poor financial strength and is likely in financial distress. Usually this is caused by too much debt for the company.
Warning Sign:
Shandong Hi-Speed 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.
Shandong Hi-Speed Co's Interest Coverage for the quarter that ended in Mar. 2024 was 2.31.
Shandong Hi-Speed Co's debt to revenue ratio for the quarter that ended in Mar. 2024 was 3.63.
As of today, Shandong Hi-Speed Co's Altman Z-Score is 0.73.
Competitive Comparison of Shandong Hi-Speed Co's Financial Strength
For the Infrastructure Operations subindustry, Shandong Hi-Speed 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.
Shandong Hi-Speed Co's Financial Strength Distribution in the Construction Industry
For the Construction industry and Industrials sector, Shandong Hi-Speed Co's Financial Strength distribution charts can be found below:
* The bar in red indicates where Shandong Hi-Speed Co's Financial Strength falls into.
Shandong Hi-Speed 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.
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:
Shandong Hi-Speed Co's Interest Expense for the
months ended in Mar. 2024 was ¥-571 Mil. Its Operating Income for the
months ended in Mar. 2024 was ¥1,322 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥58,445 Mil.
Shandong Hi-Speed Co's Interest Coverage for the quarter that ended in Mar. 2024 is
The higher the ratio, the stronger the company's financial strength is.
Warning Sign:
Ben Graham prefers companies' interest coverage to be at least 5. Shandong Hi-Speed Co Ltd interest coverage is 2.66, which is low.
2. Debt to revenue ratio. The lower, the better.
Shandong Hi-Speed Co's Debt to Revenue Ratio for the quarter that ended in Mar. 2024 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.
Shandong Hi-Speed Co has a Z-score of 0.73, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
Warning Sign:
Altman Z-score of 0.73 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.
Shandong Hi-Speed Co (SHSE:600350) Business Description
Traded in Other Exchanges
N/A
Address
No. 5006, Aoti Middle Road, Shandong, Jinan, CHN, 250101
Shandong Hi-Speed Co Ltd is a China-based company mainly engaged in the investment and operation of transportation infrastructure. It is also engaged in activities of equity investment in the upstream and downstream industries, finance, and environmental protection of the highway industry chain. It operates and maintains toll roads, bridges, tunnels, and other infrastructure facilities. The company earns majority revenue in the form of Toll, railway transportation, sales of goods, project construction, and other businesses.
Shandong Hi-Speed Co (SHSE:600350) Headlines
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
SHSE:600350 has been successfully added to your