What is Prime Impact Acquisition I Financial Strength?
Prime Impact Acquisition I has the Financial Strength Rank of 8. It shows strong financial strength and is unlikely to fall into distressed situations.
Good Sign:
Prime Impact Acquisition I 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.
Prime Impact Acquisition I has no long-term debt (1).
As of today, Prime Impact Acquisition I'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 Prime Impact Acquisition I's Financial Strength
For the Shell Companies subindustry, Prime Impact Acquisition I'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.
Prime Impact Acquisition I's Financial Strength Distribution in the Diversified Financial Services Industry
For the Diversified Financial Services industry and Financial Services sector, Prime Impact Acquisition I's Financial Strength distribution charts can be found below:
* The bar in red indicates where Prime Impact Acquisition I's Financial Strength falls into.
Prime Impact Acquisition I 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:
Prime Impact Acquisition I'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 $-0.43 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $0.00 Mil.
Prime Impact Acquisition I's Interest Coverage for the quarter that ended in Jun. 2023 is
| Prime Impact Acquisition I 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.
Prime Impact Acquisition I'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.
Prime Impact Acquisition I 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.
Prime Impact Acquisition I (Prime Impact Acquisition I) Business Description
Traded in Other Exchanges
N/A
Address
123 East San Carlos Street, Suite 12, San Jose, CA, USA, 95112
Prime Impact Acquisition I is a blank check company.
Executives
| Frank Brosens |
10 percent owner |
C/O TACONIC CAPITAL ADVISORS LP, 280 PARK AVENUE, 5TH FLOOR, NEW YORK NY 10017 |
| Taconic Capital Advisors Uk Llp |
10 percent owner |
55 GROSVENOR STREET, 4TH FLOOR, LONDON X0 W1K 3HY |
| Taconic Capital Advisors Lp |
10 percent owner |
280 PARK AVENUE, 5TH FLOOR, NEW YORK NY 10017 |
| Taconic Capital Advisors (hong Kong) Ltd |
10 percent owner |
UNIT 1601, 16TH FLOOR, RUTTENJEE HOUSE, RUTTENJEE CTR, 11 DUDDELL STREET, HONG KONG K3 00000 |
| Michael D Cordano |
officer: Co-Chief Executive Officer |
C/O WESTERN DIGITAL CORPORATION, 5601 GREAT OAKS PARKWAY, SAN JOSE CA 95119 |
| Mark P Long |
director, officer: Co-Chief Exec. Officer and CFO |
C/O WESTERN DIGITAL CORPORATION, 5601 GREAT OAKS PARKWAY, SAN JOSE CA 95119 |
| Cathleen A Benko |
director |
ONE BOWERMAN DRIVE, BEAVERTON OR 97005 |
| Dixon Doll |
director |
2420 SAND HILL RD, STE 200, MENLO PARK CA 94025 |
| Keyur A Patel |
director |
|
| Joanna A Strober |
director |
C/O SYMPHONY TECHNOLOGY GROUP, 4015 MIRANDA AVENUE, SECOND FLOOR, PALO ALTO CA 94304 |
| Prime Impact Cayman, Llc |
10 percent owner |
360 S MARKET STREET, #2202, SAN JOSE CA 95113 |
| Roger Crockett |
director |
123 E. SAN CARLOS STREET, SUITE 12, SAN JOSE CA 95113 |
Prime Impact Acquisition I (Prime Impact Acquisition I) Headlines
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