What is Pivotal Investment III Financial Strength?
Pivotal Investment III has the Financial Strength Rank of 0.
Good Sign:
Pivotal Investment Corp III 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.
Pivotal Investment III has no long-term debt (1).
As of today, Pivotal Investment III's Altman Z-Score is 0.00.
(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 Pivotal Investment III's Financial Strength
For the Shell Companies subindustry, Pivotal Investment III'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.
Pivotal Investment III's Financial Strength Distribution in the Diversified Financial Services Industry
For the Diversified Financial Services industry and Financial Services sector, Pivotal Investment III's Financial Strength distribution charts can be found below:
* The bar in red indicates where Pivotal Investment III's Financial Strength falls into.
Pivotal Investment III 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:
Pivotal Investment III's Interest Expense for the
months ended in Jun. 2023 was $0.00 Mil. Its Operating Income for the
months ended in Jun. 2023 was $-0.13 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $0.00 Mil.
Pivotal Investment III's Interest Coverage for the quarter that ended in Jun. 2023 is
| Pivotal Investment III had no long-term debt (1). |
The higher the ratio, the stronger the company's financial strength is.
Good Sign:
Pivotal Investment Corp III has no debt.
2. Debt to revenue ratio. The lower, the better.
Pivotal Investment III's Debt to Revenue Ratio for the quarter that ended in Jun. 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.
Pivotal Investment III 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.
Pivotal Investment III (Pivotal Investment III) Business Description
Traded in Other Exchanges
N/A
Address
c/o Graubard Miller, 405 Lexington Avenue, The Chrysler Building, New York, NY, USA, 10174
Pivotal Investment Corp III is a blank check company.
Executives
| Jonathan J Ledecky |
director, 10 percent owner |
C/O THE LEDECKY FOUNDATION, 901 - 15TH STREET, NW, SUITE 950, WASHINGTON DC 20005 |
| Kevin Griffin |
director, 10 percent owner, officer: Chief Executive Officer |
C/O PIVOTAL ACQUISITION CORP., C/O GRAUBARD MILLER, 405 LEXINGTON AVE, NEW YORK NY 10174 |
| Pivotal Investment Holdings Iii Llc |
10 percent owner |
C/O GRAUBARD MILLER, 405 LEXINGTON AVENUE, NEW YORK NY 10174 |
| Kristen Dumont |
director |
C/O KHOSLA VENTURES ACQUISITION CO. IV, 2128 SAND HILL RD, MENLO PARK CA 94025 |
| Katherine Oliver |
director |
100 EAST RIDGE ROAD, RIDGEFIELD CT 06877 |
| James Hr Brady |
officer: Chief Financial Officer |
1850 CENTENNIAL PARK DRIVE, SUITE 200, RESTON VA 20191 |
| Katrina Adams |
director |
C/O PIVOTAL ACQUISITION CORP., C/O GRAUBARD MILLER, 405 LEXINGTON AVE, NEW YORK NY 10174 |
| Sarah Sclarsic |
director |
C/O PIVOTAL INVESTMENT CORPORATION II, C/O GRAUBARD MILLER, 405 LEXINGTON AVE, NEW YORK NY 10174 |
| Greg Racz |
officer: Chief Operating Officer |
C/O OCTAVIAN GLOBAL PARTNERS, LLC, 650 MADISON AVENUE, 26TH FLOOR, NEW YORK NY 10022 |
Pivotal Investment III (Pivotal Investment III) Headlines
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