Metromile (Metromile) Financial Strength : 7 (As of Mar. 2022)

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What is Metromile Financial Strength?

Metromile has the Financial Strength Rank of 7.

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.

Metromile has no long-term debt ⁽¹⁾. Metromile's debt to revenue ratio for the quarter that ended in Mar. 2022 was 0.00. Altman Z-Score does not apply to banks and insurance companies.

(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.

Metromile 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:

Metromile's Interest Expense for the months ended in Mar. 2022 was $0.0 Mil. Its Operating Income for the months ended in Mar. 2022 was $0.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2022 was $0.0 Mil.

Metromile's Interest Coverage for the quarter that ended in Mar. 2022 is

Metromile had no long-term debt ⁽¹⁾.

The higher the ratio, the stronger the company's financial strength is.

2. Debt to revenue ratio. The lower, the better.

Metromile's Debt to Revenue Ratio for the quarter that ended in Mar. 2022 is

Debt to Revenue Ratio	=	Total Debt (Q: Mar. 2022 )			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(0	+	0)	/	83.32
	=	0.00

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.

Altman Z-Score does not apply to banks and insurance companies.

* 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.

Metromile (NAS:MILE) 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.

Metromile has the Financial Strength Rank of 7.

Metromile Financial Strength Related Terms

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Metromile (Metromile) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Metromile Inc (NAS:MILE) » Definitions » Financial Strength

Comparable Companies

Traded in Other Exchanges

N/A

Address

425 Market Street, Suite 700, San Francisco, CA, USA, 94105

Website

https://www.metromile.com

Metromile Inc is a digital insurance platform in the United States. It offers real-time, personalized auto insurance policies by the mile. Metromile's digitally native offering is built around the modern driver's needs, featuring automated claims, complimentary smart driving features and annual average savings of 47% over what they were paying their previous auto insurer.

Executives

David A Friedberg	director	800 N. LINDBERGH BLVD., ST. LOUIS MO 63167
Sandra Marie Clarke	director	53 HIDDEN OAKS DRIVE LAFAYETTE CA 94549
John Miles Butler	director	2929 ARCH STREET, SUITE 1703, PHILADELPHIA PA 19104
Regi Vengalil	officer: Chief Financial Officer	411 1ST AVENUE SOUTH, SUITE 501, SEATTLE WA 98104
Mark Gundacker	officer: Chief People Officer	C/O METROMILE, INC. 425 MARKET STREET, SUITE 700 SAN FRANCISCO CA 94105
Paw Andersen	officer: Chief Technology Officer	C/O METROMILE, INC. 425 MARKET STREET, SUITE 700 SAN FRANCISCO CA 94105
Dan Preston	director, officer: Chief Executive Officer	C/O METROMILE, INC., 425 MARKET STREET, SUITE 700, SAN FRANCISCO CA 94105
Jesse Mckendry	officer: VP, Insurance	C/O METROMILE, INC. 425 MARKET STREET, SUITE 700 SAN FRANCISCO CA 94105
Lindsay Alexovich	officer: Chief Accounting Officer	C/O METROMILE, INC. 425 MARKET STREET, SUITE 700 SAN FRANCISCO CA 94105
Bryant Colin	director	2855 SAND HILL ROAD MENLO PARK CA 94025
Vikas Singhal	director	2187 ATLANTIC STREET, FOURTH FLOOR, STAMFORD CT 06902
Ryan Graves	director	C/O ICONIQ CAPITAL, 15 E. 26TH STREET, SUITE 602, NEW YORK NY 10010
Betsy Z Cohen	director
Dioptra Advisors Ii, Llc	10 percent owner	2929 ARCH STREET STE 1703 PHILADELPHIA PA 19104
Insurance Acquisition Sponsor Ii, Llc	10 percent owner	2929 ARCH STREET STE 1703 PHILADELPHIA PA 19104