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Apyx Medical has the Financial Strength Rank of 4.
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.Apyx Medical did not have earnings to cover the interest expense. Apyx Medical's debt to revenue ratio for the quarter that ended in Jun. 2024 was 0.80. As of today, Apyx Medical's Altman Z-Score is -0.60.
For the Medical Devices subindustry, Apyx Medical'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.
For the Medical Devices & Instruments industry and Healthcare sector, Apyx Medical's Financial Strength distribution charts can be found below:
* The bar in red indicates where Apyx Medical's Financial Strength falls into.
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:
Apyx Medical's Interest Expense for the months ended in Jun. 2024 was $-1.43 Mil. Its Operating Income for the months ended in Jun. 2024 was $-5.55 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $38.37 Mil.
Apyx Medical's Interest Coverage for the quarter that ended in Jun. 2024 is
Apyx Medical 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.
Apyx Medical's Debt to Revenue Ratio for the quarter that ended in Jun. 2024 is
Debt to Revenue Ratio | = | Total Debt (Q: Jun. 2024 ) | / | Revenue | ||
= | (Short-Term Debt & Capital Lease Obligation | + | Long-Term Debt & Capital Lease Obligation) | / | Revenue | |
= | (0.333 | + | 38.368) | / | 48.596 | |
= | 0.80 |
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.
Apyx Medical has a Z-score of -0.60, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
Warning Sign:
Altman Z-score of -0.6 is in distress zone. This implies bankruptcy 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.
Apyx Medical (NAS:APYX) 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.
Apyx Medical has the Financial Strength Rank of 4.
Thank you for viewing the detailed overview of Apyx Medical's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.
Todd Hornsby | officer: Executive Vice President | 14321 HAWTHORNE DR., CARMEL IN 46033 |
Goodwin Charles D. Ii | director, officer: Chief Executive Officer | 5115 ULMERTON ROAD, CLEARWATER FL 33760 |
Wendy Lauren Levine | director | 75 KENMARE STREET, APT. 2D, NEW YORK NY 10012 |
Minnie Baylor-henry | director | C/O SCPHARMACUETICALS, INC., 2400 DISTRICT AVENUE SUITE 310, BURLINGTON MA 01803 |
Tara Semb | officer: Chief Financial Officer | 5516 RIVERSIDE HEIGHTS WAY, RICHMOND VA 23225 |
Craig A. Swandal | director | 5115 ULMERTON ROAD, CLEARWATER FL 33760 |
Michael Geraghty | director | 1342 CHERRY HILL ROAD, MENDOTA HEIGHTS MN 55118 |
Lawrence Waldman | director | 5115 ULMERTON RD., CLEARWATER FL 33770 |
John C. Andres | director | 86 CAPRI LANE, CHATHAM MA 02633 |
Jay D. Ewers | officer: Chief Financial Officer | 4 MANHATTANVILLE ROAD, SUITE 106, PURCHASE NY 10577 |
J Robert Saron | director, officer: President | |
Robert Gershon | director, officer: Chief Executive Officer | 5115 ULMERTON ROAD, CLEARWATER FL 33760 |
Mccarthy John J. Iii | officer: Chief CommercializationOfficer | 23 RINALDO ROAD, NORTHPORT NY 11768 |
Scott Richard Davidson | director | C/O GREAT POINT PARTNERS, LLC, 165 MASON STREET, GREENWICH CT 06830 |
Moshe Citronowicz | officer: Vice President of Operations |
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