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HashiCorp Financial Strength

: 8 (As of Apr. 2022)
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HashiCorp has the Financial Strength Rank of 8. It shows strong financial strength and is unlikely to fall into distressed situations.

Good Sign:

HashiCorp 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.

HashiCorp has no debt. HashiCorp's debt to revenue ratio for the quarter that ended in Apr. 2022 was 0.01. As of today, HashiCorp's Altman Z-Score is 13.67.


Competitive Comparison

For the Software - Infrastructure subindustry, HashiCorp'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.

   

HashiCorp Financial Strength Distribution

For the Software industry and Technology sector, HashiCorp's Financial Strength distribution charts can be found below:

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



HashiCorp 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:

HashiCorp's Interest Expense for the months ended in Apr. 2022 was $0.0 Mil. Its Operating Income for the months ended in Apr. 2022 was $-78.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Apr. 2022 was $0.0 Mil.

HashiCorp's Interest Coverage for the quarter that ended in Apr. 2022 is

HashiCorp had no debt.

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. HashiCorp Inc has enough cash to cover all of its debt. Its financial situation is stable.

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

HashiCorp's Debt to Revenue Ratio for the quarter that ended in Apr. 2022 is

Debt to Revenue Ratio=Total Debt (Q: Apr. 2022 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(3.186 + 0) / 403.588
=0.01

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.

HashiCorp has a Z-score of 13.67, indicating it is in Safe Zones. This implies the Z-Score is strong.

Good Sign:

Altman Z-score of 13.67 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.


HashiCorp  (NAS:HCP) 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.

HashiCorp has the Financial Strength Rank of 8. It shows strong financial strength and is unlikely to fall into distressed situations.


HashiCorp Financial Strength Related Terms

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


HashiCorp Business Description

HashiCorp logo
Traded in Other Exchanges
Address
101 Second Street, Suite 700, San Francisco, CA, USA, 94105
HashiCorp Inc is engaged in solving the infrastructure challenges of cloud adoption by enabling an operating model that unlocks the full potential of modern public and private clouds. Its cloud operating model provides consistent workflows and a standardized approach to automate the processes involved in delivering applications in the cloud: infrastructure provisioning, security, networking, and application deployment. Its main commercial products are Terraform, Vault, Consul, and Nomad.
Executives
Redpoint Omega Associates Iii, Llc 10 percent owner 3000 SAND HILL ROAD, BUILDING 2, SUITE 2 MENLO PARK CA 94025
Ggv Capital Vii Plus L.l.c. 10 percent owner C/O MAPLES CORPORATE SERVICES LIMITED UGLAND HOUSE, PO BOX 309 GRAND CAYMAN E9 KY1-1104
Ggv Capital Vii L.l.c. 10 percent owner C/O MAPLES CORPORATE SERVICES LIMITED UGLAND HOUSE, PO BOX 309 GRAND CAYMAN E9 KY1-1104
Ggv Vii Investments, L.l.c. 10 percent owner C/O MAPLES CORPORATE SERVICES LIMITED UGLAND HOUSE, PO BOX 309 GRAND CAYMAN E9 KY1-1104
Ggv Vii Plus Investments, L.l.c. 10 percent owner C/O MAPLES CORPORATE SERVICES LIMITED UGLAND HOUSE, PO BOX 309 GRAND CAYMAN E9 KY1-1104
Sweeney Brandon officer: Chief Revenue Officer C/O HASHICORP, INC. 101 SECOND STREET, SUITE 700 SAN FRANCISCO CA 94105
Mcjannet David director, officer: CEO & Chairman C/O HASHICORP, INC. 101 SECOND STREET, SUITE 700 SAN FRANCISCO CA 94105
Dadgar Armon director, 10 percent owner, officer: Chief Technology Officer C/O HASHICORP INC. 101 SECOND STREET, SUITE 700 SAN FRANCISCO CA 94105
Welihinda Navam officer: Chief Financial Officer C/O HASHICORP INC. 101 SECOND STREET, SUITE 700 SAN FRANCISCO CA 94105
Holmes Marc officer: Chief Marketing Officer C/O HASHICORP, INC. 101 SECOND STREET, SUITE 700 SAN FRANCISCO CA 94105
Mf Leaders Management, L.l.c. 10 percent owner C/O MAYFIELD 2484 SAND HILL ROAD MENLO PARK CA 94025
Mf Leaders H-e, L.p. 10 percent owner 2484 SAND HILL ROAD MENLO PARK CA 94025
Ggv Capital Select L.l.c. 10 percent owner 3000 SAND HILL ROAD, SUITE 4-230 MENLO PARK CA 94025
Ggv Capital V L.l.c. 10 percent owner 3000 SAND HILL ROAD BUILDING 4, SUITE 230 MENLO PARK CA 94025
Redpoint Omega Iii, L.p. 10 percent owner 3000 SAND HILL ROAD BUILDING 2, SUITE 290 MENLO PARK CA 94025

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