Cognex has the Financial Strength Rank of 8. It shows strong financial strength and is unlikely to fall into distressed situations.
Good Sign:
Cognex Corp 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 Cognex's interest coverage with the available data.
Cognex's debt to revenue ratio for the quarter that ended in Dec. 2023 was 0.10.
As of today, Cognex's Altman Z-Score is 9.33.
Competitive Comparison
For the Scientific & Technical Instruments subindustry, Cognex'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.
Cognex Financial Strength Distribution
For the Hardware industry and Technology sector, Cognex's Financial Strength distribution charts can be found below:
* The bar in red indicates where Cognex's Financial Strength falls into.
Cognex 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:
Cognex's Interest Expense for the
months ended in Dec. 2023 was $0.0 Mil. Its Operating Income for the
months ended in Dec. 2023 was $10.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $69.0 Mil.
Cognex's Interest Coverage for the quarter that ended in Dec. 2023 is
| GuruFocus does not calculate Cognex'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. Cognex Corp has enough cash to cover all of its debt. Its financial situation is stable.
2. Debt to revenue ratio. The lower, the better.
Cognex'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.
Cognex has a Z-score of 9.33, indicating it is in Safe Zones. This implies the Z-Score is strong.
Good Sign:
Altman Z-score of 9.33 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.
Cognex (Cognex) Business Description
Traded in Other Exchanges
Address
One Vision Drive, Natick, MA, USA, 01760-2059
Cognex Corp provides machine vision products that help automate manufacturing processes. The firm's products include vision software, vision systems, vision sensors, and ID products. Vision software combines vision tools with a customer's own cameras and peripheral equipment and can help with several vision tasks, including part location, identification, measurement, and robotic guidance. Vision systems combine a camera, processor, and vision software into a single package. Vision sensors deliver simple, low-cost solutions for common vision applications, such as checking the size of parts. ID products read codes that have been applied to items during the manufacturing process. Cognex generates the largest proportion of its sales in the United States and Europe.
Executives
| Angelos Papadimitriou |
director |
1 VISION DRIVE, NATICK MA 01760 |
| Patrick Alias |
director |
|
| Theodor Krantz |
director |
ONE VISION DRIVE, NATICK MA 01760 |
| Joerg Kuechen |
officer: Chief Technology Officer |
1 VISION DRIVE, NATICK MA 01760 |
| Paul Todgham |
officer: SVP, CFO |
1 VISION DRIVE, NATICK MA 01760 |
| Anthony Sun |
director |
2494 SAND HILL RD, MENLO PARK CA 94025 |
| Dianne M Parrotte |
director |
1 VISION DRIVE, NATICK MA 01760 |
| John Tseng-chung Lee |
director |
90 INDUSTRIAL WAY, WILMINGTON MA 01887 |
| Carl Gerst |
officer: EVP, Vision & ID Products |
1 VISION DRIVE, NATICK MA 01760 |
| Marjorie T. Sennett |
director |
950 TOWER LANE, 6TH FLOOR, FOSTER CITY CA 94404 |
| Jerry A. Schneider |
director |
ONE VISION DRIVE, NATICK MA 01760 |
| Sachin Lawande |
director |
HARMAN INTERNATIONAL, 400 ATLANTIC STREET, SUITE 1500, STAMFORD CT 06901 |
| Eugene G Banucci |
director |
|
| Sheila Marie Dipalma |
officer: SVP, Employee Services |
1 VISION DRIVE, NATICK MA 01760 |
| Robert Willett |
officer: Executive Vice President |
C/O COGNEX CORPORATION, ONE VISION DRIVE, NATICK MA 01760-2059 |
Cognex (Cognex) Headlines
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