What is Markforged Holding Financial Strength?
Markforged Holding has the Financial Strength Rank of 5.
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.
Markforged Holding did not have earnings to cover the interest expense.
Markforged Holding's debt to revenue ratio for the quarter that ended in Dec. 2023 was 0.45.
As of today, Markforged Holding's Altman Z-Score is -0.67.
Competitive Comparison of Markforged Holding's Financial Strength
For the Computer Hardware subindustry, Markforged Holding'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.
Markforged Holding's Financial Strength Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Markforged Holding's Financial Strength distribution charts can be found below:
* The bar in red indicates where Markforged Holding's Financial Strength falls into.
Markforged Holding 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:
Markforged Holding's Interest Expense for the
months ended in Dec. 2023 was $-0.13 Mil. Its Operating Income for the
months ended in Dec. 2023 was $-19.36 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $35.77 Mil.
Markforged Holding's Interest Coverage for the quarter that ended in Dec. 2023 is
| Markforged Holding 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.
Markforged Holding's Debt to Revenue Ratio for the quarter that ended in Dec. 2023 is
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.
Markforged Holding has a Z-score of -0.67, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
Warning Sign:
Altman Z-score of -0.67 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.
Markforged Holding (Markforged Holding) Business Description
Traded in Other Exchanges
N/A
Address
480 Pleasant Street, Watertown, MA, USA, 02472
Markforged Holding Corp transforms manufacturing with 3D metal and continuous carbon fiber printers capable of producing parts tough enough for the factory floor. The Markforged Digital Forge brings the power and speed of agile software development to industrial manufacturing, combining hardware, software, and materials to eliminate the barriers between design and functional parts. The company's geographical segments include the Americas; Europe, the Middle East, Africa; and Asia-Pacific.
Executives
| Aaron Vandevender |
director |
1 TOWER PLACE, SUITE 850, SOUTH SAN FRANCISCO CA 94080 |
| Assaf Zipori |
officer: Acting Chief Financial Officer |
MARKFORGED HOLDING CORP, 60 TOWER ROAD, WALTHAM MA 02451 |
| Shai Terem |
director, officer: President and CEO |
C/O MARKFORGED, INC., 480 PLEASANT STREET, WATERTOWN MA 02472 |
| Mark Joseph Schwartz |
officer: Chief Financial Officer |
4104 24TH STREET #345, SAN FRANCISCO CA 94114 |
| Gregory Mark |
10 percent owner |
C/O MARKFORGED, INC., 480 PLEASANT STREET, WATERTOWN MA 02472 |
| David Benhaim |
officer: Chief Technology Officer |
C/O MARKFORGED, 480 PLEASANT STREET, WATERTWON MA 02472 |
| Stephen Karp |
officer: General Counsel |
C/O MARKFORGED, INC., 480 PLEASANT STREET, WATERTOWN MA 02472 |
| Carol Meyers |
director |
3 BATTERY WHARF, UNIT 3408, BOSTON MA 02109 |
| Alan Masarek |
director |
C/O VONAGE HOLDINGS CORP., 23 MAIN STREET, HOLMDEL NJ 07733 |
| Richard A Damore |
10 percent owner |
C/O NORTHBRIDGE VENTURE PARTNERS, 950 WINTER ST STE 4600, WALTHAM MA 02451 |
| North Bridge Venture Partners 7, L.p. |
10 percent owner |
60 WILLIAM STREET, SUITE 350, WELLESLEY MA 02481 |
| North Bridge Venture Management 7, L.p. |
10 percent owner |
60 WILLIAM STREET, SUITE 350, WELLESLEY MA 02481 |
| Michael Medici |
director |
C/O MARKFORGED, INC., 480 PLEASANT STREET, WATERTOWN MA 02472 |
| Matrix Ix Management Co. Llc |
10 percent owner |
101 MAIN STREET, 17TH FLOOR, CAMBRIDGE MA 02142 |
| Antonio L. Rodriguez |
director |
MATRIX PARTNERS, 101 MAIN STREET, 17TH FLOOR, CAMBRIDGE MA 02142 |
Markforged Holding (Markforged Holding) Headlines
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