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Aeva Technologies 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 Aeva Technologies's interest coverage with the available data. Aeva Technologies's debt to revenue ratio for the quarter that ended in Dec. 2023 was 1.14. As of today, Aeva Technologies's Altman Z-Score is -0.02.
For the Software - Infrastructure subindustry, Aeva Technologies'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 Software industry and Technology sector, Aeva Technologies's Financial Strength distribution charts can be found below:
* The bar in red indicates where Aeva Technologies'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:
Aeva Technologies's Interest Expense for the months ended in Dec. 2023 was $0.00 Mil. Its Operating Income for the months ended in Dec. 2023 was $-36.85 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $3.77 Mil.
Aeva Technologies's Interest Coverage for the quarter that ended in Dec. 2023 is
GuruFocus does not calculate Aeva Technologies'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. Aeva Technologies Inc has enough cash to cover all of its debt. Its financial situation is stable.
2. Debt to revenue ratio. The lower, the better.
Aeva Technologies'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 | |
= | (3.587 | + | 3.767) | / | 6.444 | |
= | 1.14 |
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.
Aeva Technologies has a Z-score of -0.02, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
Warning Sign:
Altman Z-score of -0.02 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.
Aeva Technologies (NYSE:AEVA) 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.
Aeva Technologies has the Financial Strength Rank of 6.
Thank you for viewing the detailed overview of Aeva Technologies's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.
Stephen Paul Zadesky | director | 555 ELLIS STREET, MOUNTAIN VIEW CA 94043 |
Sylebra Capital Ltd | director, 10 percent owner | 28 HENNESSY ROAD, 20TH FLOOR, WAN CHAI, HONG KONG K3 00000 |
Soroush Salehian Dardashti | director, 10 percent owner, officer: Chief Executive Officer | C/O AEVA TECHNOLOGIES, INC., 555 ELLIS STREET, MOUNTAIN VIEW CA 94043 |
Erin L Polek | director | 5775 MOREHOUSE DRIVE, SAN DIEGO CA 92121 |
Eberle Christopher G Jr | director | 14 E. 4TH ST SUITE 405, NEW YORK NY 10012 |
Daniel Patrick Gibson | 10 percent owner | 400 FAIRVIEW AVENUE NORTH, SUITE 1200, SEATTLE WA 98109 |
Saurabh Sinha | officer: Chief Financial Officer | C/O AEVA TECHNOLOGIES, INC., 555 ELLIS STREET, MOUNTAIN VIEW CA 94043 |
Peter Hebert | 10 percent owner | C/O LUX VENTURES, 295 MADISON AVE, 24TH FLOOR, NEW YORK NY 10017 |
Shahin Farshchi | director | 11740 WILSHIRE BLVD, #A1309, LOS ANGELES CA 90025 |
Hrach Simonian | director | 285 RIVERSIDE AVE., SUITE 250, WESTPORT CT 06880 |
Mina Rezk | director, 10 percent owner, officer: President & CTO | C/O AEVA TECHNOLOGIES, INC., 555 ELLIS STREET, MOUNTAIN VIEW CA 94043 |
Josh Wolfe | 10 percent owner | C/O LUX HEALTH TECH ACQUISITION CORP., 920 BROADWAY, 11TH FLOOR, NEW YORK NY 10010 |
Lux Co-invest Opportunities, L.p. | 10 percent owner | C/O LUX CAPITAL MANAGEMENT, 920 BROADWAY, 11TH FLOOR, NEW YORK NY 10010 |
Lux Co-invest Partners, Llc | 10 percent owner | C/O LUX CAPITAL, 920 BROADWAY, 11TH FLOOR, NEW YORK NY 10010 |
Lux Venture Partners Iv, Llc | 10 percent owner | 920 BROADWAY, 11TH FLOOR, NEW YORK NY 10010 |
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