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Indie Semiconductor Financial Strength

: 7 (As of Jun. 2022)
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Indie Semiconductor has the Financial Strength Rank of 7.

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.

Indie Semiconductor did not have earnings to cover the interest expense. Indie Semiconductor's debt to revenue ratio for the quarter that ended in Jun. 2022 was 0.28. As of today, Indie Semiconductor's Altman Z-Score is 3.30.


Competitive Comparison

For the Semiconductor Equipment & Materials subindustry, Indie Semiconductor'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.

   

Indie Semiconductor Financial Strength Distribution

For the Semiconductors industry and Technology sector, Indie Semiconductor's Financial Strength distribution charts can be found below:

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



Indie Semiconductor 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:

Indie Semiconductor's Interest Expense for the months ended in Jun. 2022 was $-0.27 Mil. Its Operating Income for the months ended in Jun. 2022 was $-29.98 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2022 was $13.52 Mil.

Indie Semiconductor's Interest Coverage for the quarter that ended in Jun. 2022 is

Indie Semiconductor 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.

Indie Semiconductor's Debt to Revenue Ratio for the quarter that ended in Jun. 2022 is

Debt to Revenue Ratio=Total Debt (Q: Jun. 2022 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(14.909 + 13.52) / 103.02
=0.28

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.

Indie Semiconductor has a Z-score of 3.30, indicating it is in Safe Zones. This implies the Z-Score is strong.

Good Sign:

Altman Z-score of 3.3 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.


Indie Semiconductor  (NAS:INDI) 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.

Indie Semiconductor has the Financial Strength Rank of 7.


Indie Semiconductor Financial Strength Related Terms

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


Indie Semiconductor Business Description

Indie Semiconductor logo
Traded in Other Exchanges
Address
32 Journey, Suite 100, Aliso Viejo, CA, USA, 92656
Indie Semiconductor Inc is empowering the Autotech revolution with next-generation automotive semiconductors and software platforms. It focuses on edge sensors for Advanced Driver Assistance Systems including LiDAR, connected car, user experience, and electrification applications. These technologies represent the core underpinnings of both electric and autonomous vehicles, while the advanced user interfaces transform the in-cabin experience to mirror and seamlessly connect to the mobile platforms.
Executives
Biagianti Diane W. director C/O GLAUKOS CORPORATION 229 AVENIDA FABRICANTE SAN CLEMENTE CA 92672
Parekh Sonalee Elizabeth director 767 FIFTH AVENUE NEW YORK NY 10153
Machuga Steven officer: Chief Operating Officer C/O INDIE SEMICONDUCTOR 32 JOURNEY ALISO VIEJO CA 92656
Bancroft Ellen S officer: General Counsel & Secretary C/O INDIE SEMICONDUCTOR 32 JOURNEY ALISO VIEJO CA 92656
Kight Peter J director 4411 EAST JONES BRIDGE ROAD NORCROSS GA 30092
Aldrich David J director 20 SYLVAN ROAD WOBURN MA 01801
Owens Jeffrey J director 5725 DELPHI DRIVE TROY MI 48098
Neumann Karl-thomas director C/O AEYE TECHNOLOGIES, INC. 1 PARK PLACE, SUITE 200 DUBLIN CA 94568
Brink Diane D director C/O BELDEN INC. 1 N. BRENTWOOD BLVD., 15TH FLOOR SAINT LOUIS MO 63105
Woodward William director ANTHEM VENTURE PARTNERS 225 ARIZONA AVENUE, SUITE 200 SANTA MONICA CA 90401
Schiller Thomas officer: CFO and EVP of Strategy C/O INDIE SEMICONDUCTOR 32 JOURNEY ALISO VIEJO CA 92656
Kee Scott David officer: Chief Technology Officer C/O INDIE SEMICONDUCTOR 32 JOURNEY ALISO VIEJO CA 92656
Aoki Ichiro director, officer: President C/O INDIE SEMICONDUCTOR 32 JOURNEY ALISO VIEJO CA 92656
Mcclymont Donald director, officer: Chief Executive Officer C/O INDIE SEMICONDUCTOR 32 JOURNEY ALISO VIEJO CA 92656

Indie Semiconductor Headlines

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