What is Flywire Financial Strength?
Flywire has the Financial Strength Rank of 9. It shows strong financial strength and is unlikely to fall into distressed situations.
Good Sign:
Flywire Corp shows strong financial strength.
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.
Flywire did not have earnings to cover the interest expense.
Flywire's debt to revenue ratio for the quarter that ended in Dec. 2023 was 0.00.
As of today, Flywire's Altman Z-Score is 6.17.
Competitive Comparison of Flywire's Financial Strength
For the Software - Infrastructure subindustry, Flywire'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.
Flywire's Financial Strength Distribution in the Software Industry
For the Software industry and Technology sector, Flywire's Financial Strength distribution charts can be found below:
* The bar in red indicates where Flywire's Financial Strength falls into.
Flywire 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:
Flywire's Interest Expense for the
months ended in Dec. 2023 was $-0.1 Mil. Its Operating Income for the
months ended in Dec. 2023 was $-10.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.0 Mil.
Flywire's Interest Coverage for the quarter that ended in Dec. 2023 is
| Flywire 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.
Flywire'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.
Flywire has a Z-score of 6.17, indicating it is in Safe Zones. This implies the Z-Score is strong.
Good Sign:
Altman Z-score of 6.17 is strong.
* 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.
Flywire (Flywire) Business Description
Traded in Other Exchanges
Address
141 Tremont Street, Suite 10, Boston, MA, USA, 02111
Flywire Corp provides a secure global payments platform, offering its clients an innovative and streamlined process to receive reconciled domestic and international payments in a more cost-effective and efficient manner. The company's solutions are built on three core elements namely a payments platform; a proprietary global payment network and vertical-specific software backed by its deep industry expertise. Geographically, the majority of revenue is from the Americas.
Executives
| Michael G Ellis |
officer: Chief Financial Officer |
C/O FLYWIRE CORPORATION, 141 TREMONT STREET, SUITE 10, BOSTON MA 02111 |
| Peter Butterfield |
officer: General Counsel and CCO |
C/O FLYWIRE CORPORATION, 141 TREMONT STREET, SUITE 10, BOSTON MA 02111 |
| Rob Orgel |
officer: President and COO |
C/O FLYWIRE CORPORATION, 141 TREMONT STREET, SUITE 10, BOSTON MA 02111 |
| Michael Massaro |
director, officer: Chief Executive Officer |
C/O FLYWIRE CORPORATION, 141 TREMONT STREET, SUITE 10, BOSTON MA 02111 |
| David R. King |
officer: Chief Technology Officer |
C/O FLYWIRE CORPORATION, 141 TREMONT STREET, SUITE 10, BOSTON MA 02111 |
| Gretchen Howard |
director |
707 MENLO AVENUE, SUITE 110, MENLO PARK CA 94025 |
| Matthew C Harris |
director, 10 percent owner |
1 BANK STREET, 2ND FLOOR, WILLIAMSTOWN MA 01267 |
| Edwin J Santos |
director |
234 MOURNING DOVE DRIVE, SAUNDERSTOWN RI 02874 |
| Bain Capital Venture Investors, Llc |
10 percent owner |
200 CLARENDON STREET, BOSTON MA 02116 |
| Bain Capital Venture Coinvestment Fund Ii, L.p. |
10 percent owner |
200 CLARENDON STREET, BOSTON MA 02116 |
| Enrique T Salem |
10 percent owner |
SYMANTEC CORPORATION, 20330 STEVENS CREEK BLVD., CUPERTINO CA 95014 |
| Ajay Agarwal |
10 percent owner |
C/O BAIN CAPITAL VENTURE INVESTORS, LLC, 200 CLARENDON STREET, BOSTON MA 02116 |
| Alex Finkelstein |
director, 10 percent owner |
C/O WAYFAIR INC, 4 COPLEY PLACE, 7TH FLOOR, BOSTON MA 02116 |
| Phillip John Riese |
director |
2851 WEST KATHLEEN ROAD, PHOENIX AZ 85053 |
| Diane E Offereins |
director |
2500 LAKE COOK ROAD, RIVERWOODS IL 60015 |
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