What is Corticeira Amorim SGPS Financial Strength?
Corticeira Amorim SGPS has the Financial Strength Rank of 9. It shows strong financial strength and is unlikely to fall into distressed situations.
Good Sign:
Corticeira Amorim SGPS SA shows strong financial strength.
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.
Corticeira Amorim SGPS's Interest Coverage for the quarter that ended in Dec. 2023 was 5.88.
Corticeira Amorim SGPS's debt to revenue ratio for the quarter that ended in Dec. 2023 was 0.35.
As of today, Corticeira Amorim SGPS's Altman Z-Score is 2.70.
Competitive Comparison of Corticeira Amorim SGPS's Financial Strength
For the Lumber & Wood Production subindustry, Corticeira Amorim SGPS'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.
Corticeira Amorim SGPS's Financial Strength Distribution in the Forest Products Industry
For the Forest Products industry and Basic Materials sector, Corticeira Amorim SGPS's Financial Strength distribution charts can be found below:
* The bar in red indicates where Corticeira Amorim SGPS's Financial Strength falls into.
Corticeira Amorim SGPS 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:
Corticeira Amorim SGPS's Interest Expense for the
months ended in Dec. 2023 was €-3.1 Mil. Its Operating Income for the
months ended in Dec. 2023 was €18.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €101.8 Mil.
Corticeira Amorim SGPS'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.
Corticeira Amorim SGPS'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.
Corticeira Amorim SGPS has a Z-score of 2.70, indicating it is in Grey Zones. This implies that Corticeira Amorim SGPS is in some kind of financial stress. If it is below 1.81, the company may faces bankrupcy risk.
Warning Sign:
Altman Z-score of 2.7 is in the grey area. This implies that the company is under some kind of financial stress. If it is below 1.8, the company may face bankruptcy risk.
* 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.
Corticeira Amorim SGPS (XLIS:COR) Business Description
Traded in Other Exchanges
Address
No. 380, Rua Comendador Américo Ferreira de Amorim, Mozelos, PRT, 4536-902
Corticeira Amorim SGPS SA (Corticeira Amorim) is a holding company engaged in cork-related products. Group organizes its activities into five business divisions: Raw Materials, Cork Stoppers, Floor and wall Coverings, Cork Composites, and Insulation Cork. The company's products include stoppers for wine and other spirits, granulated cork, rubber cork, cork floorings and giftware. The business of the company is operated through Portugal, Spain, Tunisia, the United States, Australia, Germany, China, Italy, Argentina, France and Netherlands. The company derives majority of the revenue from European region.
Corticeira Amorim SGPS (XLIS:COR) Headlines
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