Mitsui High-tec (TSE:6966) Financial Strength

: 5 (As of Oct. 2023)

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Mitsui High-tec 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.

Mitsui High-tec's Interest Coverage for the quarter that ended in Oct. 2023 was 103.27. Mitsui High-tec's debt to revenue ratio for the quarter that ended in Oct. 2023 was 0.30. As of today, Mitsui High-tec's Altman Z-Score is 3.65.

Competitive Comparison

For the Semiconductors subindustry, Mitsui High-tec'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.

Mitsui High-tec Financial Strength Distribution

For the Semiconductors industry and Technology sector, Mitsui High-tec's Financial Strength distribution charts can be found below:

* The bar in red indicates where Mitsui High-tec's Financial Strength falls into.

Mitsui High-tec 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:

Mitsui High-tec's Interest Expense for the months ended in Oct. 2023 was 円-45 Mil. Its Operating Income for the months ended in Oct. 2023 was 円4,647 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2023 was 円50,181 Mil.

Mitsui High-tec's Interest Coverage for the quarter that ended in Oct. 2023 is

Interest Coverage	=	-1	*	Operating Income (Q: Oct. 2023 )	/	Interest Expense (Q: Oct. 2023 )
	=	-1	*	4647	/	-45
	=	103.27

The higher the ratio, the stronger the company's financial strength is.

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

Mitsui High-tec's Debt to Revenue Ratio for the quarter that ended in Oct. 2023 is

Debt to Revenue Ratio	=	Total Debt (Q: Oct. 2023 )			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(9601	+	50181)	/	201856
	=	0.30

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.

Mitsui High-tec has a Z-score of 3.65, indicating it is in Safe Zones. This implies the Z-Score is strong.

Good Sign:

Altman Z-score of 3.65 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.

Mitsui High-tec (TSE:6966) 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.

Mitsui High-tec has the Financial Strength Rank of 5.

Mitsui High-tec Financial Strength Related Terms

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Mitsui High-tec (TSE:6966) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Mitsui High-tec Inc (TSE:6966) » Definitions » Financial Strength

Comparable Companies

Traded in Other Exchanges

6966:Japan

Address

2-10-1,Komine, Yahatanishi-ku, Kitakyushu, JPN, 807-8588

Website

http://www.mitsui-high-tec.com

Mitsui High-tec Inc manufactures and sells lead frame, motor core, precision tooling and machine tools in Japan. Its precision tooling/precision parts products include motor core dies, lead frame dies, mold dies, trim and form dies, and other type of stamping tools used in motor cores and IC lead frames, electric motor cores, automobile components, coins, and resin injection molding. It also provides open lead frames for semiconductor packages; and motor parts.

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