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Tapinator (Tapinator) Financial Strength : 4 (As of Sep. 2023)


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What is Tapinator Financial Strength?

Tapinator 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.

GuruFocus does not calculate Tapinator's interest coverage with the available data. Tapinator's debt to revenue ratio for the quarter that ended in Sep. 2023 was 0.06. As of today, Tapinator's Altman Z-Score is -4.88.


Competitive Comparison of Tapinator's Financial Strength

For the Electronic Gaming & Multimedia subindustry, Tapinator'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.


Tapinator's Financial Strength Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Tapinator's Financial Strength distribution charts can be found below:

* The bar in red indicates where Tapinator's Financial Strength falls into.



Tapinator 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:

Tapinator's Interest Expense for the months ended in Sep. 2023 was $0.00 Mil. Its Operating Income for the months ended in Sep. 2023 was $0.17 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.22 Mil.

Tapinator's Interest Coverage for the quarter that ended in Sep. 2023 is

GuruFocus does not calculate Tapinator's interest coverage with the available data.

The higher the ratio, the stronger the company's financial strength is.

2. Debt to revenue ratio. The lower, the better.

Tapinator's Debt to Revenue Ratio for the quarter that ended in Sep. 2023 is

Debt to Revenue Ratio=Total Debt (Q: Sep. 2023 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(0.084 + 0.218) / 4.704
=0.06

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.

Tapinator has a Z-score of -4.88, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.

Warning Sign:

Altman Z-score of -4.88 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.


Tapinator  (OTCPK:TAPM) 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.

Tapinator has the Financial Strength Rank of 4.


Tapinator Financial Strength Related Terms

Thank you for viewing the detailed overview of Tapinator's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.


Tapinator (Tapinator) Business Description

Traded in Other Exchanges
N/A
Address
1776 Broadway, Suite 2002, New York, NY, USA, 10019
Tapinator Inc develops and publishes category- leading apps for mobile platforms, with a focus on social casino games. The company's library includes more than 300 titles. It offers games such as Solitaire Derby, Crypto Trillionaire, Castlebuilder, Combo Quest, and Dice Mage 2 among others. The company generates revenues through the sale of branded advertising and consumer transactions, including in-app purchases and subscriptions.

Tapinator (Tapinator) Headlines

From GuruFocus

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Tapinator Reports Q2 2020 Financial Results

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By PRNewswire PRNewswire 07-09-2022