FNA has been successfully added to your Stock Email Alerts list.
You can manage your stock email alerts here.
FNA has been removed from your Stock Email Alerts list.
Please enter Portfolio Name for new portfolio.
Paragon 28 has the Financial Strength Rank of 6.
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.Paragon 28 did not have earnings to cover the interest expense. Paragon 28's debt to revenue ratio for the quarter that ended in Mar. 2024 was 0.45. As of today, Paragon 28's Altman Z-Score is 2.17.
For the Medical Devices subindustry, Paragon 28'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.
For the Medical Devices & Instruments industry and Healthcare sector, Paragon 28's Financial Strength distribution charts can be found below:
* The bar in red indicates where Paragon 28's Financial Strength falls into.
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:
Paragon 28's Interest Expense for the months ended in Mar. 2024 was $-2.6 Mil. Its Operating Income for the months ended in Mar. 2024 was $-12.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $109.8 Mil.
Paragon 28's Interest Coverage for the quarter that ended in Mar. 2024 is
Paragon 28 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.
Paragon 28's Debt to Revenue Ratio for the quarter that ended in Mar. 2024 is
Debt to Revenue Ratio | = | Total Debt (Q: Mar. 2024 ) | / | Revenue | ||
= | (Short-Term Debt & Capital Lease Obligation | + | Long-Term Debt & Capital Lease Obligation) | / | Revenue | |
= | (0.64 | + | 109.847) | / | 244.328 | |
= | 0.45 |
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.
Paragon 28 has a Z-score of 2.17, indicating it is in Grey Zones. This implies that Paragon 28 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 2.17 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.
Paragon 28 (NYSE:FNA) 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.
Paragon 28 has the Financial Strength Rank of 6.
Thank you for viewing the detailed overview of Paragon 28's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.
Albert Dacosta | director, officer: See Remarks | C/O PARAGON 28, INC., 14445 GRASSLANDS DRIVE, ENGLEWOOD CO 80112 |
Robert S Mccormack | officer: See Remarks | C/O VIEWRAY, INC., 2 THERMO FISHER WAY, OAKWOOD VILLAGE OH 44146 |
Thomas P Schnettler | director | 800 NICOLLET MALL, J1012057, MINNEAPOLIS MN 55402-7020 |
Kristina Wright | director | C/O PARAGON 28, INC., 14445 GRASSLANDS DRIVE, ENGLEWOOD CO 80112 |
B. Ag Bird | 10 percent owner | BAHNHOFSTRASSE 7, ZUG V8 CH-6300 |
Mvm Partners, Llc | 10 percent owner | OLD CITY HALL, 45 SCHOOL STREET, BOSTON MA 02108 |
Matthew Jarboe | officer: Chief Commercial Officer | C/O PARAGON 28, INC., 14445 GRASSLANDS DRIVE, ENGLEWOOD CO 80112 |
Partners Llp Mvm | 10 percent owner | 30 ST. GEORGE STREET, LONDON X0 W1S SFH |
Jonathan I Friedman | officer: General Counsel | DENTSPLY SIRONA INC., 30-30 47TH AVENUE, SUITE 500, LONG ISLAND CITY NY 11101 |
Lee Rosenthal | 10 percent owner | C/O PARAGON 28, INC., 14445 GRASSLANDS DRIVE, ENGLEWOOD CO 80112 |
Quentin S. Blackford | director | 7475 LUSK BLVD., SAN DIEGO CA 92121 |
Frank S. Bono | officer: Chief Technology Officer | 5677 AIRLINE ROAD, ARLINGTON TN 38002 |
Jason Allan Edie | officer: Chief Technology Officer | C/O PARAGON 28, INC., 14445 GRASSLANDS DRIVE, ENGLEWOOD CO 80112 |
Erik E Mickelson | officer: Chief Accounting Officer | C/O PARAGON 28, INC., 14445 GRASSLANDS DRIVE, ENGLEWOOD CO 80112 |
Meghan Scanlon | director | C/O BOSTON SCIENTIFIC CORPORATION, 300 BOSTON SCIENTIFIC WAY, MARLBOROUGH MA 01752 |
From GuruFocus
By Business Wire • 11-14-2023
By Business Wire Business Wire • 10-27-2022
By Business Wire Business Wire • 04-20-2023
By Business Wire Business Wire • 01-25-2023
By Business Wire • 11-03-2023
By Business Wire Business Wire • 02-17-2023
By Business Wire • 09-11-2023
By Business Wire Business Wire • 01-26-2023
By Business Wire • 01-08-2024
By Business Wire • 11-07-2023
Disclaimers: GuruFocus.com is not operated by a broker or a dealer. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. This investment adviser does not provide advice to individual investors. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.