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Proto Labs has the Financial Strength Rank of 9. It shows strong financial strength and is unlikely to fall into distressed situations.
Good Sign:
Proto Labs Inc 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.GuruFocus does not calculate Proto Labs's interest coverage with the available data. Proto Labs's debt to revenue ratio for the quarter that ended in Dec. 2023 was 0.01. As of today, Proto Labs's Altman Z-Score is 7.67.
For the Metal Fabrication subindustry, Proto Labs'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 Industrial Products industry and Industrials sector, Proto Labs's Financial Strength distribution charts can be found below:
* The bar in red indicates where Proto Labs'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:
Proto Labs's Interest Expense for the months ended in Dec. 2023 was $0.0 Mil. Its Operating Income for the months ended in Dec. 2023 was $8.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $3.6 Mil.
Proto Labs's Interest Coverage for the quarter that ended in Dec. 2023 is
GuruFocus does not calculate Proto Labs's interest coverage with the available data. |
The higher the ratio, the stronger the company's financial strength is.
Good Sign:
Ben Graham prefers companies' interest coverage to be at least 5. Proto Labs Inc has enough cash to cover all of its debt. Its financial situation is stable.
2. Debt to revenue ratio. The lower, the better.
Proto Labs's Debt to Revenue Ratio for the quarter that ended in Dec. 2023 is
Debt to Revenue Ratio | = | Total Debt (Q: Dec. 2023 ) | / | Revenue | ||
= | (Short-Term Debt & Capital Lease Obligation | + | Long-Term Debt & Capital Lease Obligation) | / | Revenue | |
= | (1.881 | + | 3.603) | / | 500.192 | |
= | 0.01 |
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.
Proto Labs has a Z-score of 7.67, indicating it is in Safe Zones. This implies the Z-Score is strong.
Good Sign:
Altman Z-score of 7.67 is strong.
* 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.
Proto Labs (NYSE:PRLB) 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.
Proto Labs has the Financial Strength Rank of 9. It shows strong financial strength and is unlikely to fall into distressed situations.
Thank you for viewing the detailed overview of Proto Labs's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.
Oleg Ryaboy | officer: Chief Technology Officer | 5540 PIONEER CREEK DRIVE, MAPLE PLAIN MN 55359 |
Robert Bodor | officer: Chief Technology Officer | 5540 PIONEER CREEK DRIVE, MAPLE PLAIN MN 55359 |
Baker Arthur R. Iii | officer: Chief Technology Officer | 14000 TECHNOLOGY DRIVE, EDEN PRAIRIE MN 55344-2290 |
Daniel Schumacher | officer: Chief Financial Officer | 5540 PIONEER CREEK DRIVE, MAPLE PLAIN MN 55359 |
Stacy Greiner | director | 5540 PIONEER CREEK DRIVE, MAPLE PLAIN MN 55359 |
Michael R. Kenison | officer: VP and GM of the America's | 5540 PIONEER CREEK DRIVE, MAPLE PLAIN MN 55359 |
John B Goodman | director | 3500 LYMAN BLVD, CHASKA MN 55379 |
Victoria M Holt | director, officer: President and CEO | PPG INDUSTRIES, INC., ONE PPG PLACE, PITTSBURGH PA 15272 |
Ranier Gawlick | director | 5540 PIONEER CREEK DRIVE, MAPLE PLAIN MN 55359 |
Sven Wehrwein | director | |
John Way | officer: Chief Financial Officer | 5540 PIONEER CREEK DRIVE, MAPLE PLAIN MN 55359 |
Moonhie Chin | director | AUTODESK, INC., 111 MCINNIS PARKWAY, SAN RAFAEL CA 94903 |
Bjoern Klaas | officer: VP and Mng Director-PL Europe | 5540 PIONEER CREEK DRIVE, MAPLE PLAIN MN 55359 |
John B. Tumelty | officer: Managing Dir.-Proto Labs, Ltd. | 5540 PIONEER CREEK DRIVE, MAPLE PLAIN MN 55359 |
Sujeet Chand | director | ROCKWELL AUTOMATION, INC., 1201 SOUTH SECOND STREET, MILWAUKEE WI 53204 |
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