What is Lyft Financial Strength?
Lyft 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.
2. Debt to revenue ratio. The lower, the better.
3.
Altman Z-Score.
Lyft did not have earnings to cover the interest expense.
Lyft's debt to revenue ratio for the quarter that ended in Dec. 2023 was 0.21.
As of today, Lyft's Altman Z-Score is -1.50.
Competitive Comparison of Lyft's Financial Strength
For the Software - Application subindustry, Lyft'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.
Lyft's Financial Strength Distribution in the Software Industry
For the Software industry and Technology sector, Lyft's Financial Strength distribution charts can be found below:
* The bar in red indicates where Lyft's Financial Strength falls into.
Lyft 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:
Lyft's Interest Expense for the
months ended in Dec. 2023 was $-8 Mil. Its Operating Income for the
months ended in Dec. 2023 was $-60 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $973 Mil.
Lyft's Interest Coverage for the quarter that ended in Dec. 2023 is
| Lyft 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.
Lyft's Debt to Revenue Ratio for the quarter that ended in Dec. 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.
Lyft has a Z-score of -1.50, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
Warning Sign:
Altman Z-score of -1.5 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.
Lyft (LYFT) Business Description
Traded in Other Exchanges
Address
185 Berry Street, Suite 400, San Francisco, CA, USA, 94107
Lyft is the second-largest ride-sharing service provider in the U.S. and Canada, connecting riders and drivers over the Lyft app. Incorporated in 2013, Lyft offers a variety of rides via private vehicles, including traditional private rides, shared rides, and luxury ones. Besides ride-share, Lyft also has entered the bike- and scooter-share market to bring multimodal transportation options to users.
Executives
| Kristin Sverchek |
officer: General Counsel and Secretary |
C/O LYFT, INC., 185 BERRY STREET, SUITE 400, SAN FRANCISCO CA 94107 |
| Lisa Blackwood-kapral |
officer: Chief Accounting Officer |
C/O LYFT, INC., 185 BERRY STREET, SUITE 400, SAN FRANCISCO CA 94107 |
| John Patrick Zimmer |
director, officer: President |
C/O LYFT, INC., 185 BERRY STREET, SUITE 400, SAN FRANCISCO CA 94107 |
| Erin Brewer |
officer: Chief Financial Officer |
MCKESSON CORPORATION, ONE POST STREET, SAN FRANCISCO CA 94104 |
| Logan Green |
director, officer: Chief Executive Officer |
C/O EBAY INC., 2025 HAMILTON AVE., SAN JOSE CA 95125 |
| Prashant Aggarwal |
director |
C/O ARLO TECHNOLOGIES, INC., 350 EAST PLUMERIA DR, SAN JOSE CA 95134 |
| Mary Agnes Wilderotter |
director |
115 ALPINE TERRACE, OAKLAND CA 94618 |
| John David Risher |
director |
C/O LYFT, INC., 185 BERRY STREET, SUITE 400, SAN FRANCISCO CA 94107 |
| Dave Stephenson |
director |
C/O AIRBNB, INC., 888 BRANNAN STREET, SAN FRANCISCO CA 94103 |
| Janey Whiteside |
director |
C/O LENDINGCLUB CORPORATION, 595 MARKET ST., #200, SAN FRANCISCO CA 94105 |
| Elaine Paul |
officer: Chief Financial Officer |
C/O LYFT, INC., 185 BERRY STREET, SUITE 400, SAN FRANCISCO CA 94107 |
| Ashwin Raj |
officer: Head of Rideshare |
C/O LYFT, INC., 185 BERRY STREET, SUITE 400, SAN FRANCISCO CA 94107 |
| David Lawee |
director |
C/O LYFT, INC., 185 BERRY STREET, SUITE 400, SAN FRANCISCO CA 94107 |
| Brian Keith Roberts |
officer: Chief Financial Officer |
C/O LYFT, INC., 185 BERRY STREET, SUITE 5000, SAN FRANCISCO CA 94107 |
| Ariel M. Cohen |
director |
C/O LYFT, INC., 185 BERRY STREET, SUITE 400, SAN FRANCISCO CA 94107 |
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