What is China Reform Health Management And Services Group Co Financial Strength?
China Reform Health Management And Services Group Co 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.
China Reform Health Management And Services Group Co did not have earnings to cover the interest expense.
China Reform Health Management And Services Group Co's debt to revenue ratio for the quarter that ended in Sep. 2023 was 0.76.
As of today, China Reform Health Management And Services Group Co's Altman Z-Score is 11.52.
Competitive Comparison of China Reform Health Management And Services Group Co's Financial Strength
For the Healthcare Plans subindustry, China Reform Health Management And Services Group 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.
China Reform Health Management And Services Group Co's Financial Strength Distribution in the Healthcare Plans Industry
For the Healthcare Plans industry and Healthcare sector, China Reform Health Management And Services Group Co's Financial Strength distribution charts can be found below:
* The bar in red indicates where China Reform Health Management And Services Group Co's Financial Strength falls into.
China Reform Health Management And Services Group 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:
China Reform Health Management And Services Group Co's Interest Expense for the
months ended in Sep. 2023 was ¥-1.6 Mil. Its Operating Income for the
months ended in Sep. 2023 was ¥-24.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ¥2.2 Mil.
China Reform Health Management And Services Group Co's Interest Coverage for the quarter that ended in Sep. 2023 is
| China Reform Health Management And Services Group Co did not have earnings to cover the interest expense. |
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
China Reform Health Management And Services Group Co's Debt to Revenue Ratio for the quarter that ended in Sep. 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.
China Reform Health Management And Services Group Co has a Z-score of 11.52, indicating it is in Safe Zones. This implies the Z-Score is strong.
Good Sign:
Altman Z-score of 11.52 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.
China Reform Health Management And Services Group Co (SZSE:000503) Business Description
Traded in Other Exchanges
N/A
Address
No. 18, Wenhua Road, Room 703, Junhua Haiyi Hotel, Hainan Province, Haikou, CHN, 570105
China Reform Health Management And Services Group Co Ltd is engaged in the field of health protection services in China. Its main business includes medical insurance control fee service; medical quality and safety service; drug and medical supervision service helping management departments to standardize medical service behavior and improve the safety and effectiveness of medical insurance funds.
China Reform Health Management And Services Group Co (SZSE:000503) Headlines
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