Market Cap : 7.75 B | Enterprise Value : 7 B | PE Ratio : 38.33 | PB Ratio : 3.07 |
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Dolby Laboratories has the Financial Strength Rank of 9. It shows strong financial strength and is unlikely to fall into distressed situations.
Good Sign:
Dolby Laboratories 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.Dolby Laboratories's Interest Coverage for the quarter that ended in Mar. 2022 was 557.61. Dolby Laboratories's debt to revenue ratio for the quarter that ended in Mar. 2022 was 0.05. As of today, Dolby Laboratories's Altman Z-Score is 12.85.
For the Information Technology Services subindustry, Dolby Laboratories'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.
For the Software industry and Technology sector, Dolby Laboratories's Financial Strength distribution charts can be found below:
* The bar in red indicates where Dolby Laboratories's Financial Strength falls into.
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:
Dolby Laboratories's Interest Expense for the months ended in Mar. 2022 was $-0 Mil. Its Operating Income for the months ended in Mar. 2022 was $49 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2022 was $48 Mil.
Dolby Laboratories's Interest Coverage for the quarter that ended in Mar. 2022 is
Interest Coverage | = | -1 | * | Operating Income (Q: Mar. 2022 ) | / | Interest Expense (Q: Mar. 2022 ) |
= | -1 | * | 48.512 | / | -0.087 | |
= | 557.61 |
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. Dolby Laboratories Inc has enough cash to cover all of its debt. Its financial situation is stable.
2. Debt to revenue ratio. The lower, the better.
Dolby Laboratories'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 | |
= | (15.413 | + | 48.191) | / | 1337.484 | |
= | 0.05 |
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.
Dolby Laboratories has a Z-score of 12.85, indicating it is in Safe Zones. This implies the Z-Score is strong.
Good Sign:
Altman Z-score of 12.85 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.
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.
Dolby Laboratories has the Financial Strength Rank of 9. It shows strong financial strength and is unlikely to fall into distressed situations.
Thank you for viewing the detailed overview of Dolby Laboratories's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.
Revankar Shriram | officer: SVP, Advanced Technology Group | C/O DOLBY LABORATORIES, INC. 1275 MARKET STREET SAN FRANCISCO CA 94103 |
Prophet Tony A | director | 9 BERNICE STREET SAN FRANCISCO CA 94103 |
Couling John D | officer: SVP, Entertainment | C/O DOLBY LABORATORIES, INC. 1275 MARKET STREET SAN FRANCISCO CA 94103 |
Park Robert J | officer: SVP & Chief Financial Officer | C/O DOLBY LABORATORIES, INC. 1275 MARKET STREET SAN FRANCISCO CA 94103 |
Rollins Emily | director | C/O DOLBY LABORATORIES, INC. 1275 MARKET STREET SAN FRANCISCO CA 94103 |
Dagmar Dolby 2019 Trust Bb,dated July 22, 2019 | 10 percent owner | 2515 SCOTT STREET SAN FRANCISCO CA 94115 |
Sud Anjali | director | C/O VIMEO INC. 555 WEST 18TH STREET NEW YORK NY 10011 |
Dagmar Dolby 2018 Trust Bb, Dated June 20, 2018 | 10 percent owner | 2515 SCOTT STREET SAN FRANCISCO CA 94115 |
Nicholson Ryan | officer: VP, Corporate Controller | C/O DOLBY LABORATORIES INC. 1275 MARKET STREET SAN FRANCISCO CA 94103 |
Pendleton Todd | officer: SVP, Chief Marketing Officer | 1275 MARKET STREET SAN FRANCISCO CA 94103 |
Baker Giles | officer: SVP, Consumer Entertainment | 1275 MARKET STREET SAN FRANCISCO CA 94103 |
Dagmar Dolby 2016 Trust Bb, Dated March 23, 2016 | 10 percent owner | 2515 SCOTT STREET SAN FRANCISCO CA 94115 |
Segars Simon | director | C/O DOLBY LABORATORIES, INC. 1275 MARKET STREET SAN FRANCISCO CA 94103 |
Marital Trust Under Dolby Family Trust Dated May 7, 1999 | 10 percent owner | 2515 SCOTT STREET SAN FRANCISCO CA 94115 |
Dagmar Dolby Trust Under Dolby Family Trust Instrument Dated May 7, 1999 | 10 percent owner | 2515 SCOTT STREET SAN FRANCISCO CA 94115 |
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