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 May 06, 2014
1934 words — Published May 06, 2014
Price US$ 225.00  |  Buy this Report Now

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Abstract:

Strong market position as the world's largest EMS provider in terms of market share. 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. Relatively high cash balance with modest adjusted 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 maintain its profitability and cash flow protection measures with a ratio of adjusted debt to EBITDA below 1.5x over the next one to two years, despite continued margin pressures. The rating may come under pressure if Hon Hai faces increasing competition due to deteriorating cost and technology advantages

  
Brief Excerpt:

RESEARCH Summary: Hon Hai Precision Industry Co. Ltd. Publication date: 06-May-2014 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." May 06, 2014. Alacra Store. May 05, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Hon-Hai-Precision-Industry-Co-Ltd-1310671>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Hon Hai Precision Industry Co. Ltd. May 06, 2014. 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-1310671>
  
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