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Doximity (NYSE:DOCS) Financial Strength

: 9 (As of Sep. 2022)
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Doximity has the Financial Strength Rank of 9. It shows strong financial strength and is unlikely to fall into distressed situations.

Good Sign:

Doximity Inc 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.

GuruFocus does not calculate Doximity's interest coverage with the available data. Doximity's debt to revenue ratio for the quarter that ended in Sep. 2022 was 0.04. As of today, Doximity's Altman Z-Score is 26.31.


Doximity (NYSE:DOCS) Financial Strength Competitive Comparison

For the Health Information Services subindustry, Doximity'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.

   

Doximity (NYSE:DOCS) Financial Strength Distribution

For the Healthcare Providers & Services industry and Healthcare sector, Doximity's Financial Strength distribution charts can be found below:

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



Doximity 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:

Doximity's Interest Expense for the months ended in Sep. 2022 was $0.0 Mil. Its Operating Income for the months ended in Sep. 2022 was $32.1 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2022 was $14.6 Mil.

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

GuruFocus does not calculate Doximity's interest coverage with the available data.

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Doximity Inc has enough cash to cover all of its debt. Its financial situation is stable.

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

Doximity'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
=(1.013 + 14.625) / 408.74
=0.04

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.

Doximity has a Z-score of 26.31, indicating it is in Safe Zones. This implies the Z-Score is strong.

Good Sign:

Altman Z-score of 26.31 is strong.

* 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.


Doximity  (NYSE:DOCS) 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.

Doximity has the Financial Strength Rank of 9. It shows strong financial strength and is unlikely to fall into distressed situations.


Doximity Financial Strength Related Terms

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


Doximity (NYSE:DOCS) Business Description

Doximity logo
Traded in Other Exchanges
N/A
Address
500 3rd Street, Suite 510, San Francisco, CA, USA, 94107
Doximity Inc is a digital platform for U.S. medical professionals. Its cloud-based platform provides members with tools specifically built for medical professionals, enabling them to collaborate with their colleagues, securely coordinate patient care, conduct virtual patient visits, stay up-to-date with the latest medical news and research, and manage their careers.
Executives
Jorgensen Paul W. officer: Chief Revenue Officer 500 THIRD STREET, SUITE 510 SAN FRANCISCO CA 94107
Emergence Equity Partners Vi, L.p. 10 percent owner C/O EMERGENCE CAPITAL PARTNERS 160 BOVET ROAD, SUITE 300 CA SAN MATEO
Emergence Capital Opportunity I, L.p. 10 percent owner 160 BOVET ROAD, SUITE 300 SAN MATEO CA 94402
Spain Kevin director C/O EMERGENCE CAPITAL 160 BOVET ROAD, STE. 300 SAN MATEO CA 94402
Emergence Gp Partners, Llc 10 percent owner 160 BOVET ROAD SUITE 300 SAN MATEO CA 94402
Emergence Equity Partners Ii, L.p. 10 percent owner 160 BOVET ROAD SUITE 300 SAN MATEO CA 94402
Emergence Capital Partners Ii Lp 10 percent owner 160 BOVET ROAD SAN MATEO CA 94402
Wampler Kira Scherer director C/O DOXIMITY, INC. 500 3RD STREET, SUITE 510 SAN FRANCISCO CA 94107
Tangney Schweikert Family Trust 10 percent owner C/O DOXIMITY, INC. 500 3RD STREET, SUITE 510 SAN FRANCISCO CA 94107
Tangney Annuity Trust, Llc 10 percent owner C/O DOXIMITY, INC. 500 3RD STREET, SUITE 510 SAN FRANCISCO CA 94107
Tangney Jeffrey director, 10 percent owner, officer: Chief Executive Officer C/O DOXIMITY, INC. 500 3RD STREET SUITE 510 SAN FRANCISCO CA 94107
Desai Keval 10 percent owner 467 FIRST STREET SUITE 201 LOS ALTOS X1 94022
Interwest Management Partners X, Llc 10 percent owner 467 FIRST STREET SUITE 201 LOS ALTOS CA 94022
Interwest Partners X Lp 10 percent owner C/O INTERWEST PARTNERS 467 FIRST STREET SUITE 201 LOS ALTOS CA 94022
Benjamin Regina M. director 51 SAWYER ROAD, SUITE 200 WALTHAM MA 02453

Doximity (NYSE:DOCS) Headlines

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