GURUFOCUS.COM » STOCK LIST » USA » NAS » Katapult Holdings Inc (NAS:KPLT) » Definitions » Financial Strength
Switch to:

Katapult Holdings Financial Strength

: 6 (As of Mar. 2022)
View and export this data going back to 2021. Start your Free Trial

Katapult Holdings has the Financial Strength Rank of 6.

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.

Katapult Holdings did not have earnings to cover the interest expense. Katapult Holdings's debt to revenue ratio for the quarter that ended in Mar. 2022 was 0.38. As of today, Katapult Holdings's Altman Z-Score is 3.88.


Competitive Comparison

For the Software - Infrastructure subindustry, Katapult Holdings'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.

   

Katapult Holdings Financial Strength Distribution

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

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



Katapult Holdings 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:

Katapult Holdings's Interest Expense for the months ended in Mar. 2022 was $-3.8 Mil. Its Operating Income for the months ended in Mar. 2022 was $-4.8 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2022 was $90.4 Mil.

Katapult Holdings's Interest Coverage for the quarter that ended in Mar. 2022 is

Katapult Holdings 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.

Katapult Holdings'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
=(0.426 + 90.406) / 239.508
=0.38

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.

Katapult Holdings has a Z-score of 3.88, indicating it is in Safe Zones. This implies the Z-Score is strong.

Good Sign:

Altman Z-score of 3.88 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.


Katapult Holdings  (NAS:KPLT) 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.

Katapult Holdings has the Financial Strength Rank of 6.


Katapult Holdings Financial Strength Related Terms

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


Katapult Holdings Business Description

Katapult Holdings logo
Traded in Other Exchanges
Address
27 W 24th Street, Suite 1101, New York, NY, USA, 10010
Katapult Holdings Inc is an omnichannel lease-purchase platform company that provides alternative solutions for retailers and consumers. It is an eCommerce-focused FinTech company offering an innovative lease-purchase solution to consumers and enabling essential transactions at the merchant point of sale. Katapult is associated with hundreds of retailers across the United States.
Executives
Thompson Jane J. director 628 GREEN VALLEY ROAD SUITE 500 GREENSBORO NC 27408
Phillips Joyce Ann director 1370 TIMBERLAKE MANOR PARKWAY CHESTERFIELD MO 63017
De Gracia Rolando officer: CHIEF COMMERCIAL OFFICER 5204 TENNYSON PKWY SUITE 500 PLANO TX 75024
Medlin Derek officer: CHIEF OPERATING OFFICER 5204 TENNYSON PKWY SUITE 500 PLANO TX 75024
Sun Fangqui officer: CHIEF RISK OFFICER 5204 TENNYSON PKWY SUITE 500 PLANO TX 75024
Zayas Orlando director, officer: Chief Executive Officer 5204 TENNYSON PKWY SUITE 500 PLANO TX 75024
Chopra Chandan officer: CHIEF TECHNOLOGY OFFICER 5204 TENNYSON PKWY SUITE 500 PLANO TX 75024
Curo Group Holdings Corp. director, 10 percent owner 3615 N. RIDGE ROAD WICHITA KS 67205
Hirsch Brian director C/O ACV AUCTIONS INC. 640 ELLICOTT STREET, #321 BUFFALO NY 14203
Cupito Karissa officer: Chief Financial Officer 5204 TENNYSON PKWY SUITE 500 PLANO TX 75024
Taragin Bruce director 5204 TENNYSON PKWY SUITE 500 PLANO TX 75024
Gayhardt Donald director DOLLAR FINANCIAL CORP. 1436 LANCASTER AVE. BERWYN PA 19312
Curo Financial Technologies Corp. director, 10 percent owner 3615 N. RIDGE ROAD WICHITA KS 67205
Masto Christopher A director C/O FREIDMAN FLEISCHER & LOWE ONE MARITIME PLZ 10TH PLZ SAN FRANCISCO CA 94111
Tahmineh Maloney officer: GENERAL COUNSEL 5204 TENNYSON PKWY SUITE 500 PLANO TX 75024

Katapult Holdings Headlines

From GuruFocus

Other Sources

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)