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Winc (WBEVQ) Financial Strength : 0 (As of Sep. 2022)


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What is Winc Financial Strength?

Winc has the Financial Strength Rank of 0.

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.

Winc did not have earnings to cover the interest expense. Winc's debt to revenue ratio for the quarter that ended in Sep. 2022 was 0.14. As of today, Winc's Altman Z-Score is 0.00.


Competitive Comparison of Winc's Financial Strength

For the Beverages - Wineries & Distilleries subindustry, Winc'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.


Winc's Financial Strength Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Winc's Financial Strength distribution charts can be found below:

* The bar in red indicates where Winc's Financial Strength falls into.



Winc 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:

Winc's Interest Expense for the months ended in Sep. 2022 was $-0.24 Mil. Its Operating Income for the months ended in Sep. 2022 was $-4.25 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2022 was $2.97 Mil.

Winc's Interest Coverage for the quarter that ended in Sep. 2022 is

Winc did not have earnings to cover the interest expense.

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

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

Winc's Debt to Revenue Ratio for the quarter that ended in Sep. 2022 is

Debt to Revenue Ratio=Total Debt (Q: Sep. 2022 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(5.628 + 2.965) / 63.224
=0.14

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.

Winc 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.


Winc  (OTCPK:WBEVQ) 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.

Winc has the Financial Strength Rank of 0.


Winc Financial Strength Related Terms

Thank you for viewing the detailed overview of Winc's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.


Winc (WBEVQ) Business Description

Traded in Other Exchanges
N/A
Address
1751 Berkeley Street, Studio 3, Santa Monica, CA, USA, 90404
Winc Inc is a wine company in the United States. It has a direct-to-consumer model, which involves the company bottling, labeling, and distributing wine under its own winery license. It also features wines at select retailers and restaurants nationwide. It sources from vineyards and works with winemakers and ships all wine, domestic and international, in bulk containers to a centralized winemaking and bottling facility on California's Central Coast.
Executives
Deer Vii & Co. L.p. 10 percent owner C/O BESSEMER VENTURE PARTNERS, 1865 PALMER AVE, LARCHMONT NY 10538
Wahoowa Ventures Llc 10 percent owner 1865 PALMER AVENUE, SUITE 104, LARCHMONT NY 10538
Alesia Lee Pinney director AVALARA, INC., 255 SOUTH KING ST., SUITE 1800, SEATTLE WA 98104
Goblue Ventures Llc 10 percent owner 1865 PALMER AVENUE, SUITE 104, LARCHMONT NY 10538
Brian Patrick Smith director, 10 percent owner, officer: President C/O WINC, INC., 1751 BERKELEY ST, STUDIO 3, SANTA MONICA CA 90404
Carol Brault officer: Chief Financial Officer C/O WINC, INC., 1751 BERKELEY ST, STUDIO 3, SANTA MONICA CA 90404
Erin K Green officer: Chief Operating Officer C/O WINC, INC., 1751 BERKELEY ST, STUDIO 3, SANTA MONICA CA 90404
Xiangwei Weng director C/O WINC, INC., 1751 BERKELEY ST, STUDIO 3, SANTA MONICA CA 90404
Laura Joukovski director C/O WINC, INC., 1751 BERKELEY ST, STUDIO 3, SANTA MONICA CA 90404
Thelen Matthew Jonathan Alan officer: See Remarks C/O WINC, INC., 1751 BERKELEY ST, STUDIO 3, SANTA MONICA CA 90404
Geoffrey Mcfarlane director, 10 percent owner, officer: Chief Executive Officer C/O WINC, INC., 1751 BERKELEY ST, STUDIO 3, SANTA MONICA CA 90404
15 Angels Ii Llc 10 percent owner 1865 PALMER AVENUE, SUITE 104, LARCHMONT NY 10538
Patrick M Delong director 1222 ARROYO SARCO, NAPA CA 94558
Deer Viii & Co. Ltd. 10 percent owner C/O BESSEMER VENTURE PARTNERS, 1865 PALMER AVENUE, LARCHMONT NY 10538
Deer Viii & Co. L.p. 10 percent owner C/O BESSEMER VENTURE PARTNERS, 1865 PALMER AVENUE, LARCHMONT NY 10538