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Telesis Bio has the Financial Strength Rank of 3. It displays poor financial strength and is likely in financial distress. Usually this is caused by too much debt for the company.
Warning Sign:
Telesis Bio Inc displays poor financial strength. Usually, this is caused by too much debt for the company.
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.Telesis Bio did not have earnings to cover the interest expense. Telesis Bio's debt to revenue ratio for the quarter that ended in Dec. 2023 was 1.23. As of today, Telesis Bio's Altman Z-Score is -4.39.
For the Medical Devices subindustry, Telesis Bio'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, Telesis Bio's Financial Strength distribution charts can be found below:
* The bar in red indicates where Telesis Bio'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:
Telesis Bio's Interest Expense for the months ended in Dec. 2023 was $-1.84 Mil. Its Operating Income for the months ended in Dec. 2023 was $-6.09 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $32.56 Mil.
Telesis Bio's Interest Coverage for the quarter that ended in Dec. 2023 is
Telesis Bio 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.
Telesis Bio'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 | |
= | (1.822 | + | 32.558) | / | 27.908 | |
= | 1.23 |
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.
Telesis Bio has a Z-score of -4.39, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
Warning Sign:
Altman Z-score of -4.39 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.
Telesis Bio (NAS:TBIO) 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.
Telesis Bio has the Financial Strength Rank of 3. It displays poor financial strength and is likely in financial distress. Usually this is caused by too much debt for the company.
Thank you for viewing the detailed overview of Telesis Bio's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.
Gregory J. Herrema | director | 355 RIVER OAKS PARKWAY, SAN JOSE CA 95134 |
Marijn E Dekkers | 10 percent owner | GENERAL ELECTRIC COMPANY, 41 FARNSWORTH STREET, BOSTON MA 02210 |
Novalis Lifesciences Investments Ii Gp, Llc | 10 percent owner | 1 LIBERTY LANE E, SUITE 112, HAMPTON NH 03842 |
Novalis Lifesciences Investments Ii, L.p. | 10 percent owner | 1 LIBERTY LANE E, SUITE 112, HAMPTON NH 03842 |
Broadoak Fund Iv, Llc | 10 percent owner | 4800 MONTGOMERY LANE, SUITE 230, BETHESDA MD 20814 |
William Snider | director, 10 percent owner | 4800 MONTGOMERY LANE, SUITE 230, BETHESDA MD 20814 |
Paul M Meister | director, 10 percent owner | 18 SHIP ROCK ROAD, NORTH HAMPTON NH 03862 |
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Todd Robert Nelson | director, 10 percent owner, officer: President & CEO | C/O CODEX DNA, INC., 9535 WAPLES STREET, SUITE 100, SAN DIEGO CA 92121 |
Eric Eugene Esser | officer: Chief Operating Officer | C/O CODEX DNA, INC., 9535 WAPLES STREET, SUITE 100, SAN DIEGO CA 92121 |
Annette Tumolo | director | C/O BIO-RAD LABORATORIES, INC., 1000 ALFRED NOBEL DRIVE, HERCULES CA 94547 |
Northpond Ventures Gp, Llc | 10 percent owner | 7500 OLD GEORGETOWN ROAD, SUITE 850, BETHESDA MD 20814 |
Northpond Ventures Gp Ii, Llc | 10 percent owner | 7500 OLD GEORGETOWN ROAD, SUITE 850, BESTHESDA MD 20814 |
Northpond Ventures Ii, Lp | 10 percent owner | 7500 OLD GEORGETOWN ROAD, SUITE 850, BETHESDA MD 20814 |
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