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Marqeta Financial Strength

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

Good Sign:

Marqeta 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.

GuruFocus does not calculate Marqeta's interest coverage with the available data. Marqeta's debt to revenue ratio for the quarter that ended in Mar. 2022 was 0.02. As of today, Marqeta's Altman Z-Score is 14.15.


Competitive Comparison

For the Software - Infrastructure subindustry, Marqeta'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.

   

Marqeta Financial Strength Distribution

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

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



Marqeta 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:

Marqeta's Interest Expense for the months ended in Mar. 2022 was $0.0 Mil. Its Operating Income for the months ended in Mar. 2022 was $-49.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2022 was $11.6 Mil.

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

GuruFocus does not calculate Marqeta'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. Marqeta Inc has enough cash to cover all of its debt. Its financial situation is stable.

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

Marqeta'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
=(3.109 + 11.618) / 664.408
=0.02

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.

Marqeta has a Z-score of 14.15, indicating it is in Safe Zones. This implies the Z-Score is strong.

Good Sign:

Altman Z-score of 14.15 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.


Marqeta  (NAS:MQ) 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.

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


Marqeta Financial Strength Related Terms

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


Marqeta Business Description

Marqeta logo
Traded in Other Exchanges
Address
180 Grand Avenue, 6th Floor, Oakland, CA, USA, 94612
Headquartered in Oakland, California, and founded in 2010, Marqeta provides its clients with a card issuing platform that offers the infrastructure and tools necessary to offer digital, physical, and tokenized payment options without the need for a traditional bank. The company's open APIs are designed to allow third parties like DoorDash, Klarna, and Block to rapidly develop and deploy innovative card-based products and payment services without the need to develop the underlying technology. The company generates revenue primarily through processing and ATM fees for cards issued on its platform.
Executives
Milotich Michael officer: Chief Financial Officer 180 GRAND AVENUE, 6TH FLOOR OAKLAND CA 94612
Faix Philip officer: Chief Financial Officer C/O MARQETA, INC. 180 GRAND AVE., FLR 6 OAKLAND CA 94612
83north Ii Limited Partnership 10 percent owner 10 ABBA EBAN BOULEVARD, BUILDING C 9TH FLOOR HERZLIYA PITUACH L3 46733
Weissman Seth R officer: See Remarks 3055 CLEARVIEW WAY SAN MATEO CA 94402
O'grady Standish 10 percent owner 50 HAWTHORNE STREET SAN FRANCISCO CA 94107
Cummings Martha director C/O MARQETA, INC. 180 GRAND AVE., FLR 6 OAKLAND CA 94612
Mowry Darren officer: Chief Revenue Officer C/O MARQETA, INC. 180 GRAND AVE., FLR 6 OAKLAND CA 94612
Doerr Kevin officer: Chief Product Officer C/O MARQETA, INC. 180 GRAND AVE., FLR 6 OAKLAND CA 94612
Peters Vidya officer: Chief Marketing Officer C/O MARQETA, INC. 180 GRAND AVE., FLR 6 OAKLAND CA 94612
Iconiq Strategic Partners Iii Tt Gp, Ltd. 10 percent owner 394 PACIFIC AVENUE SECOND FLOOR SAN FRANCISCO CA 94111
Dinur Arnon director C/O MARQETA, INC. 180 GRAND AVE., FLR 6 OAKLAND CA 94612
Gardner Jason M. director, 10 percent owner, officer: Chief Executive Officer C/O MARQETA, INC. 180 GRAND AVE., FLR 6 OAKLAND CA 94612
Kieley Brian officer: See Remarks C/O MARQETA, INC. 180 GRAND AVE., FLR 6 OAKLAND CA 94612
Caine Renata officer: See Remarks C/O MARQETA, INC. 180 GRAND AVE., FLR 6 OAKLAND CA 94612
Kern Randall F. officer: Chief Technology Officer C/O MARQETA, INC. 180 GRAND AVE., FLR 6 OAKLAND CA 94612

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