What is Backblaze Financial Strength?
Backblaze 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.
Backblaze did not have earnings to cover the interest expense.
Backblaze's debt to revenue ratio for the quarter that ended in Dec. 2023 was 0.40.
As of today, Backblaze's Altman Z-Score is 0.30.
Competitive Comparison of Backblaze's Financial Strength
For the Software - Infrastructure subindustry, Backblaze'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.
Backblaze's Financial Strength Distribution in the Software Industry
For the Software industry and Technology sector, Backblaze's Financial Strength distribution charts can be found below:
* The bar in red indicates where Backblaze's Financial Strength falls into.
Backblaze 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:
Backblaze's Interest Expense for the
months ended in Dec. 2023 was $-1.0 Mil. Its Operating Income for the
months ended in Dec. 2023 was $-11.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $25.6 Mil.
Backblaze's Interest Coverage for the quarter that ended in Dec. 2023 is
| Backblaze 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.
Backblaze'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.
Backblaze has a Z-score of 0.30, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
Warning Sign:
Altman Z-score of 0.3 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.
Backblaze (Backblaze) Business Description
Traded in Other Exchanges
N/A
Address
500 Ben Franklin Ct, San Mateo, CA, USA, 94401
Backblaze Inc provides cloud storage services. The company offers services such as Backblaze B2 Cloud Storage which enables customers to store data, developers to build applications, and partners to expand their use cases. It is offered as a consumption-based Infrastructure-as-a-Service (IaaS) and serves use cases including backups, multi-cloud, application development, and ransomware protection and Backblaze Computer Backup automatically backs up data from laptops and desktops for businesses and individuals. Geographically, it derives a majority of revenue from the United States.
Executives
| Tina Cessna |
officer: Senior VP, Engineering |
500 BEN FRANKLIN CT., SAN MATEO CA 94401 |
| Francis P Patchel |
officer: Chief Financial Officer |
500 BEN FRANKLIN CT, SAN MATEO CA 94401 |
| Investments Plc Tmt |
10 percent owner |
13 CASTLE STREET, ST. HELIER Y9 JE1 1ES |
| Gleb Budman |
director, 10 percent owner, officer: See Remarks |
500 BEN FRANKLIN CT, SAN MATEO CA 94401 |
| Timothy M Nufire |
director, 10 percent owner, officer: Chief Cloud Officer |
500 BEN FRANKLIN CT, SAN MATEO CA 94401 |
| Brian K Wilson |
director, 10 percent owner, officer: Chief Technology Officer |
500 BEN FRANKLIN CT, SAN MATEO CA 94401 |
| Charles J. Jones |
10 percent owner |
500 BEN FRANKLIN COURT, SAN MATEO CA 94401 |
| Kwok Hang Ng |
10 percent owner |
500 BEN FRANKLIN COURT, SAN MATEO CA 94401 |
| Clal Insurance Enterprises Holdings Ltd |
10 percent owner |
36 RAUL WALENBERG ST, TEL-AVIV L3 6136902 |
| Whetstone Capital Advisors, Llc |
10 percent owner |
2001 SHAWNEE MISSION PARKWAY, SHAWNEE MISSION KS 66205 |
| Jocelyn Carter-miller |
director |
3698 NW 15TH STREET, LAUDERHILL FL 33311 |
| An Evelyn D |
director |
1301 NE 103RD STREET, MIAMI SHORES FL 33138 |
| Earl E Fry |
director |
C/O INFORMATICA CORPORATION, 2100 SEAPORT BLVD., REDWOOD CITY CA 94063 |
| Barbara H Nelson |
director |
C/O QUANTUM CORP, 501 SYCAORE DR, MILPITAS CA 95035 |
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