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Vivani Medical 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.GuruFocus does not calculate Vivani Medical's interest coverage with the available data. As of today, Vivani Medical's Altman Z-Score is 0.00.
For the Biotechnology subindustry, Vivani Medical'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 Biotechnology industry and Healthcare sector, Vivani Medical's Financial Strength distribution charts can be found below:
* The bar in red indicates where Vivani Medical'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:
Vivani Medical's Interest Expense for the months ended in Mar. 2024 was $0.00 Mil. Its Operating Income for the months ended in Mar. 2024 was $-6.23 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $18.94 Mil.
Vivani Medical's Interest Coverage for the quarter that ended in Mar. 2024 is
GuruFocus does not calculate Vivani Medical'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.
Vivani Medical'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 | |
= | (1.434 | + | 18.94) | / | 0 | |
= | N/A |
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.
Vivani Medical has a Z-score of 0.00, indicating it is in Distress Zones. This implies bankrupcy 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.
Vivani Medical (NAS:VANI) 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.
Vivani Medical has the Financial Strength Rank of 6.
Thank you for viewing the detailed overview of Vivani Medical's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.
Gregg Williams | director, 10 percent owner | PO BOX 200, WALLED LAKE MI 48390-0200 |
Brigid Makes | officer: CFO | 20245 SW 95TH AVENUE, TUALATIN OR 97062 |
Donald Dwyer | officer: Chief Business Officer | 54 CHERRY FARM LANE, WEST CHESTER PA 19382 |
Aaron Mendelsohn | director | 224 15TH STREET, SANTA MONICA CA 90402 |
Joachim Eberhard Bolck | 10 percent owner | 33 CLUB VIEW LANE, ROLLING HILLS ESTATES CA 90274 |
Lisa Ellen Porter | officer: Chief Medical Officer | 778 CORDILLERAS AVE, SAN CARLOS CA 94070 |
Truc Le | officer: COO | 1905 WEST RED FOX ROAD, SANTA ANA CA 92704 |
Adam Mendelsohn | director, officer: CEO | C/O 5858 HORTON ST. SUITE 280, EMERYVILLE CA 94608 |
Wilford Dean Baker | director | 200 FLYNN ROAD, CAMARILLO CA 93012-8790 |
Larson Alexandra L.p. | director | 3797 BURNING TREE DRIVE, BLOOMFIELD HILLS MI 48302 |
Scott Dunbar | officer: Acting CEO | 13170 TELFAIR AVENUE, SYLMAR CA 91342 |
Edward Jonathon Sedo | officer: Controller | 4485 FORESTGLEN CT, MOORPARK CA 93021 |
Jessy Dana Dorn | officer: VP-Clin & Scientific Affairs | 12744 SAN FERNANDO RD. SUITE 400, SYLMAR CA 91342 |
Matthew J Pfeffer | director | |
Patrick Ryan | officer: Chief Operating Officer | C/O SECOND SIGHT MEDICAL PRODUCTS, INC., 12744 SAN FERNANDO ROAD, SUITE 400, SYLMAR CA 91342 |
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