Summary: Hon Hai Precision Industry Co. Ltd. - S&P Global Ratings’ Credit Research

Summary: Hon Hai Precision Industry Co. Ltd.

Summary: Hon Hai Precision Industry Co. Ltd. - S&P Global Ratings’ Credit Research
Summary: Hon Hai Precision Industry Co. Ltd.
Published Jun 24, 2013
1835 words — Published Jun 24, 2013
Price US$ 225.00  |  Buy this Report Now

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Abstract:

Strong market position as the world's largest EMS provider. Strong operating efficiency backed by the company's unrivalled vertically integrated production model. Heightening industry risks due to increasing competition and persistent margin pressure. Increasing customer concentration. Prudent financial policy with modest debt leverage. Strong operating cash flow. Strong liquidity. The stable outlook reflects our view that Hon Hai's strong competitive position will enable the company to generate profitability and cash flow protection measures adequate for the rating over the next one to two years, despite continued margin pressures. The rating may come under pressure if Hon Hai takes on a more aggressive financial policy and increases its adjusted ratio of total debt to EBITDA to more than 2.0x for an extended

  
Brief Excerpt:

RESEARCH Summary: Hon Hai Precision Industry Co. Ltd. Publication date: 24-Jun-2013 Primary Credit Analyst: Dennis Lee, Hong Kong (852)2533-3563; dennis.lee@standardandpoors.com Secondary Contact: David L Hsu, Taipei (8862) 8722-5828;...

  
Report Type:

Summary

Ticker
2317@TT
Issuer
Hon Hai Precision Industry Co. Ltd.
GICS
Electronic Manufacturing Services (45203020)
Sector
Global Issuers
Country
Taiwan
Region
Emerging Markets
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MLA:
S&P Global Ratings’ Credit Research. "Summary: Hon Hai Precision Industry Co. Ltd." Jun 24, 2013. Alacra Store. May 05, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Hon-Hai-Precision-Industry-Co-Ltd-1150667>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Hon Hai Precision Industry Co. Ltd. Jun 24, 2013. New York, NY: Alacra Store. Retrieved May 05, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Hon-Hai-Precision-Industry-Co-Ltd-1150667>
  
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