What is The Joint Financial Strength?
The Joint has the Financial Strength Rank of 7.
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is rated on a scale of 1 to 10 and 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.
4. Other debt related ratios.
A higher score indicates a stronger financial position, with companies rated 7 or above considered financially stable and unlikely to face distress. Conversely, a score of 3 or below suggests potential financial difficulties, indicating a higher risk of distress.
The Joint has no long-term debt (1).
The Joint's debt to revenue ratio for the quarter that ended in Dec. 2024 was -0.00.
As of today, The Joint's Altman Z-Score is 1.93.
(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
Competitive Comparison of The Joint's Financial Strength
For the Medical Care Facilities subindustry, The Joint'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.
The Joint's Financial Strength Distribution in the Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, The Joint's Financial Strength distribution charts can be found below:
* The bar in red indicates where The Joint's Financial Strength falls into.
The Joint 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:
The Joint's Interest Expense for the
months ended in Dec. 2024 was $0.00 Mil. Its Operating Income for the
months ended in Dec. 2024 was $-1.75 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was $0.00 Mil.
The Joint's Interest Coverage for the quarter that ended in Dec. 2024 is
| The Joint had no long-term debt (1). |
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. The Joint Corp has enough cash to cover all of its debt. Its financial situation is stable.
2. Debt to revenue ratio. The lower, the better.
The Joint's Debt to Revenue Ratio for the quarter that ended in Dec. 2024 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.
The Joint has a Z-score of 1.93, indicating it is in Grey Zones. This implies that The Joint is in some kind of financial stress. If it is below 1.81, the company may faces bankrupcy risk.
Warning Sign:
Altman Z-score of 1.93 is in the grey area. This implies that the company is under some kind of financial stress. If it is below 1.8, the company may face bankruptcy risk.
* 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.
The Joint Business Description
Traded in Other Exchanges
N/A
Address
16767 North Perimeter Drive, Suite 110, Scottsdale, AZ, USA, 85260
The Joint Corp develops, owns, operates, supports, and manages chiropractic clinics through direct ownership, management arrangements, franchising, and the sales of regional developer rights throughout the United States. The doctors of chiropractic develop personalized treatment plans to relieve patients' pain and deliver ongoing preventative care. The Company has one operating business segment; The Franchise Operations segment which is comprised of the operating activities of the franchise business unit. The Franchise Operations segment derives revenue from customers by providing access to the Company's franchise license, which represents symbolic intellectual property.
Executives
| Bandera Partners Llc |
10 percent owner |
50 BROAD STREET, SUITE 1820, NEW YORK NY 10004 |
| Peter D Holt |
officer: Chief Operating Officer |
16767 N. PERIMETER DR., SUITE 240, SCOTTSDALE AZ 85260 |
| Jake Singleton |
officer: Chief Financial Officer |
16767 NORTH PERIMETER DRIVE, SUITE 240, SCOTTSDALE AZ 85260 |
| Ronald V Davella |
director |
2600 E SOUTHLAKE BLVD., STE 120-359, SOUTHLAKE TX 76092 |
| Glenn J Krevlin |
10 percent owner |
600 FIFTH AVE, 11TH FL, NEW YORK NY 10020 |
| Matthew E Rubel |
director |
3231 SE SIXTH AVENUE, TOPEKA KS 66607 |
| Gregory Bylinsky |
10 percent owner |
C/O BANDERA PARTNERS LLC, 50 BROAD STREET, SUITE 1820, NEW YORK NY 10004 |
| Jefferson Gramm |
10 percent owner |
C/O BANDERA PARTNERS LLC, 50 BROAD STREET, SUITE 1820, NEW YORK NY 10004 |
| Amos James H. Jr |
director |
16767 N. PERIMETER DR., STE. 240, SCOTTSDALE AZ 85260 |
| John P Meloun |
officer: Chief Financial Officer |
16767 N. PERIMETER DR., STE. 240, SCOTTSDALE AZ 85260 |
| Abe Hong |
director |
16767 NORTH PERIMETER DRIVE, SUITE 240, SCOTTSDALE AZ 85260 |
| Glenhill Advisors Llc |
10 percent owner |
600 FIFTH AVE, 11TH FL, NEW YORK NY 10020 |
| Suzanne M Decker |
director |
16767 NORTH PERIMETER DRIVE, SUITE 240, SCOTTSDALE AZ 85260 |
| Bret Sanders |
director |
16767 N. PERIMETER DR., STE. 240, SCOTTSDALE AZ 85260 |
| David M Orwasher |
officer: President and COO |
242 W 36TH ST, NEW YORK NY 10018 |
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