What is Cue Health Financial Strength?
Cue Health has the Financial Strength Rank of 4.
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.
Cue Health did not have earnings to cover the interest expense.
Cue Health's debt to revenue ratio for the quarter that ended in Dec. 2023 was 0.69.
As of today, Cue Health's Altman Z-Score is -5.43.
Competitive Comparison of Cue Health's Financial Strength
For the Health Information Services subindustry, Cue Health'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.
Cue Health's Financial Strength Distribution in the Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Cue Health's Financial Strength distribution charts can be found below:
* The bar in red indicates where Cue Health's Financial Strength falls into.
Cue Health 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:
Cue Health's Interest Expense for the
months ended in Dec. 2023 was $-0.34 Mil. Its Operating Income for the
months ended in Dec. 2023 was $-65.28 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $41.64 Mil.
Cue Health's Interest Coverage for the quarter that ended in Dec. 2023 is
| Cue Health 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.
Cue Health'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.
Cue Health has a Z-score of -5.43, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
Warning Sign:
Altman Z-score of -5.43 is in distress zone. This implies bankruptcy possibility in the next two years.
* 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.
Cue Health (Cue Health) Business Description
Traded in Other Exchanges
N/A
Address
4980 Carroll Canyon Road, Suite 100, San Diego, CA, USA, 92121
Cue Health Inc is a health technology company. It puts consumers in control of health information and places diagnostic information at the center of care. It enables people to manage health through real-time, actionable and connected health data. Further, it offers individuals, enterprises, government agencies and healthcare providers access to lab-quality diagnostic testing at home, at work, or at the point-of-care, all in a device that fits in the palm of hand.
Executives
| T-twelve Holdings, Llc |
10 percent owner |
C/O SIERRA FIDUCIARY SUPPORT SERVICES, 100 WEST LIBERTY ST., SUITE 750, RENO NV 89501 |
| Tup Investments, L.p. |
10 percent owner |
520 NEWPORT CENTER DR., 21ST FLOOR, NEWPORT BEACH CA 92660 |
| Tarsadia Investments, Llc |
10 percent owner |
520 NEWPORT CENTER DR., 21ST FLOOR, NEWPORT BEACH CA 92660 |
| Cp (hlth), Llc |
10 percent owner |
520 NEWPORT CENTER DR., 21ST FLOOR, NEWPORT BEACH CA 92660 |
| Tfc Manager, Llc |
10 percent owner |
C/O SIERRA FIDUCIARY SUPPORT SERVICES, 100 WEST LIBERTY ST., SUITE 750, RENO NV 89501 |
| Nvga I, Llc |
10 percent owner |
520 NEWPORT CENTER DR., 21ST FLOOR, NEWPORT BEACH CA 92660 |
| Tccs I, Lp |
10 percent owner |
10 EAST 53RD STREET, 23RD FLOOR, NEW YORK NY 10022 |
| Tc Gp, Llc |
10 percent owner |
10 EAST 53RD STREET, 23RD FLOOR, NEW YORK NY 10022 |
| Tarsadia Capital, Llc |
10 percent owner |
10 EAST 53RD STREET, 23RD FLOOR, NEW YORK NY 10022 |
| Aasim Javed |
officer: Chief Financial Officer |
C/O CUE HEALTH INC, 4980 CARROLL CANYON RD SUITE 100, SAN DIEGO CA 92121 |
| Randall E. Pollard |
officer: Chief Accounting Officer |
6229 PINE TREE CT., LONG GROVE IL 60047 |
| Clint Sever |
officer: Chief Product Officer |
C/O CUE HEALTH INC., 4980 CARROLL CANYON RD. SUITE 100, SAN DIEGO CA 92121 |
| Sachin H. Jain |
director |
C/O CARDIOVASCULAR SYSTEMS, INC., 1225 OLD HIGHWAY 8 NW, ST. PAUL MN 55112 |
| Joshua Ghaim |
director |
C/O CUE HEALTH INC., 4980 CARROLL CANYON ROAD SUITE 100, SAN DIEGO CA 92121 |
| Kelly P. Day |
10 percent owner |
865 FIGUEROA STREET, SUITE 700, LOS ANGELES CA 90017 |
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