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Kodiak Sciences Financial Strength

: 7 (As of Mar. 2022)
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Kodiak Sciences 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.

Kodiak Sciences did not have earnings to cover the interest expense. As of today, Kodiak Sciences's Altman Z-Score is 0.00.


Competitive Comparison

For the Biotechnology subindustry, Kodiak Sciences'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.

   

Kodiak Sciences Financial Strength Distribution

For the Biotechnology industry and Healthcare sector, Kodiak Sciences's Financial Strength distribution charts can be found below:

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



Kodiak Sciences 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:

Kodiak Sciences's Interest Expense for the months ended in Mar. 2022 was $-0.01 Mil. Its Operating Income for the months ended in Mar. 2022 was $-95.77 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2022 was $76.42 Mil.

Kodiak Sciences's Interest Coverage for the quarter that ended in Mar. 2022 is

Kodiak Sciences 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.

Kodiak Sciences's Debt to Revenue Ratio for the quarter that ended in Mar. 2022 is

Debt to Revenue Ratio=Total Debt (Q: Mar. 2022 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(4.983 + 76.415) / 0
=N/A

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.

Kodiak Sciences has a Z-score of 0.00, indicating it is in Distress Zones. This implies bankrupcy 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.


Kodiak Sciences  (NAS:KOD) 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.

Kodiak Sciences has the Financial Strength Rank of 7.


Kodiak Sciences Financial Strength Related Terms

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


Kodiak Sciences Business Description

Kodiak Sciences logo
Traded in Other Exchanges
Address
1200 Page Mill Road, Palo Alto, CA, USA, 94304
Kodiak Sciences Inc is is a biopharmaceutical company specializing in novel therapeutics to treat high-prevalence retinal diseases. The most advanced product candidate of the group is KSI-301, which is a novel antibody biopolymer conjugate, in treatment-naive subjects with neovascular wet AMD.
Executives
Baker Julian director, 10 percent owner BAKER BROS. ADVISORS LP 860 WASHINGTON STREET 3RD FLOOR NEW YORK NY 10014
Baker Felix director, 10 percent owner BAKER BROS. ADVISORS LP 860 WASHINGTON STREET 3RD FLOOR NEW YORK NY 10014
Baker Bros. Advisors Lp director, 10 percent owner 860 WASHINGTON STREET 3RD FLOOR NEW YORK NY 10014
Baker Brothers Life Sciences Lp director, 10 percent owner 860 WASHINGTON STREET 3RD FLOOR NEW YORK NY 10014
667, L.p. director, 10 percent owner 860 WASHINGTON STREET 3RD FLOOR NEW YORK NY 10014
Baker Bros. Advisors (gp) Llc director, 10 percent owner 860 WASHINGTON STREET 3RD FLOOR NEW YORK NY 10014
Bancroft Charles A director BRISTOL-MYERS SQUIBB COMPANY ROUTE 206 & PROVINCE LINE ROAD PRINCETON NJ 08543
Yang Taiyin director 2631 HANOVER STREET PALO ALTO CA 94304
Levy Richard S director 860 WASHINGTON STREET 3RD FLOOR NEW YORK NY 10014
Profusek Robert director P.O. BOX 696000 SAN ANTONIO TX 78269-6000
Dahiyat Bassil I director C/O XENCOR, INC. 111 WEST LEMON AVENUE MONROVIA CA 91016
Ehrlich Jason officer: See Remarks 1200 PAGE MILL ROAD PALO ALTO CA 94304
Borgeson John A. officer: See Remarks 1200 PAGE MILL ROAD PALO ALTO CA 94304
Perlroth Victor director, 10 percent owner, officer: Chairman, President and CEO 1200 PAGE MILL ROAD PALO ALTO CA 94304
Liang Hong officer: See Remarks 2631 HANOVER STREET PALO ALTO CA 94304

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