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Nuvation Bio has the Financial Strength Rank of 8. It shows strong financial strength and is unlikely to fall into distressed situations.
Good Sign:
Nuvation Bio Inc 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.GuruFocus does not calculate Nuvation Bio's interest coverage with the available data. As of today, Nuvation Bio's Altman Z-Score is 0.00.
For the Biotechnology subindustry, Nuvation Bio'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, Nuvation Bio's Financial Strength distribution charts can be found below:
* The bar in red indicates where Nuvation Bio'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:
Nuvation Bio'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 $-20.83 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $2.04 Mil.
Nuvation Bio's Interest Coverage for the quarter that ended in Dec. 2023 is
GuruFocus does not calculate Nuvation Bio'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. Nuvation Bio Inc has enough cash to cover all of its debt. Its financial situation is stable.
2. Debt to revenue ratio. The lower, the better.
Nuvation Bio'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 | |
= | (1.972 | + | 2.035) | / | 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.
Nuvation Bio 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.
Nuvation Bio (NYSE:NUVB) 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.
Nuvation Bio has the Financial Strength Rank of 8. It shows strong financial strength and is unlikely to fall into distressed situations.
Thank you for viewing the detailed overview of Nuvation Bio's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.
Oleg Nodelman | director | 357 TEHAMA STREET #3, SAN FRANCISCO CA 94103 |
Biotech Opportunity Gp, Llc | director | 1370 TRANCAS STREET, SUITE 176, NAPA CA 94558 |
Ecor1 Venture Opportunity Fund, Lp | director | 357 TEHAMA STREET #3, SAN FRANCISCO CA 94103 |
Ecor1 Capital Fund, L.p. | director | 357 TEHAMA STREET #3, SAN FRANCISCO CA 94103 |
Ecor1 Capital, Llc | director | 357 TEHAMA STREET #3, SAN FRANCISCO CA 94103 |
Ecor1 Capital Fund Qualified, L.p. | director | 357 TEHAMA STREET #3, SAN FRANCISCO CA 94103 |
Kathryn E Falberg | director | C/O AXOVANT SCIENCES, INC., 320 WEST 37TH STREET, 5TH FLOOR, NEW YORK NY 10018 |
Dongfang Liu | officer: Chief Medical Officer | C/O NUVATION BIO INC., 1500 BROADWAY, SUITE 401, NEW YORK NY 10036 |
Omega Fund V Gp, L.p. | 10 percent owner | 888 BOYLSTON ST., SUITE 1111, BOSTON MA 02199 |
Omega Fund Iv Gp, L.p. | 10 percent owner | 888 BOYLSTON ST., SUITE 1111, BOSTON MA 02199 |
Omega Fund V, L.p. | 10 percent owner | 888 BOYLSTON ST., SUITE 1111, BOSTON MA 02199 |
Omega Fund V Gp Manager, Ltd. | 10 percent owner | 888 BOYLSTON ST., SUITE 1111, BOSTON MA 02199 |
David C. Hanley | officer: Chief Technical Operations | C/O NUVATION BIO INC., 1500 BROADWAY, SUITE 1401, NEW YORK NY 10036 |
Daniel G Welch | director | 4611 UNIVERSITY DR, 4 UNIVERSITY PLACE, DURHAM NC 27707 |
Kim D Blickenstaff | director | C/O MEDIVATION, INC., 201 SPEAR STREET, 3RD FLOOR, SAN FRANCISCO CA 94105 |
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