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Eventbrite Financial Strength

: 4 (As of Jun. 2022)
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Eventbrite has the Financial Strength Rank of 4.

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.

Eventbrite did not have earnings to cover the interest expense. Eventbrite's debt to revenue ratio for the quarter that ended in Jun. 2022 was 1.37. As of today, Eventbrite's Altman Z-Score is -0.15.


Competitive Comparison

For the Software - Application subindustry, Eventbrite'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.

   

Eventbrite Financial Strength Distribution

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

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



Eventbrite 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:

Eventbrite's Interest Expense for the months ended in Jun. 2022 was $-2.8 Mil. Its Operating Income for the months ended in Jun. 2022 was $-13.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2022 was $358.9 Mil.

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

Eventbrite 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.

Eventbrite'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
=(3.91 + 358.908) / 264.164
=1.37

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.

Eventbrite has a Z-score of -0.15, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.

Warning Sign:

Altman Z-score of -0.15 is in distress zone. This implies bankruptcy 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.


Eventbrite  (NYSE:EB) 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.

Eventbrite has the Financial Strength Rank of 4.


Eventbrite Financial Strength Related Terms

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


Eventbrite Business Description

Eventbrite logo
Traded in Other Exchanges
Address
155 5th Street, 7th Floor, San Francisco, CA, USA, 94103
Eventbrite Inc is a United States based event technology platform. It is engaged in creating a platform to enable creators to solve many challenges associated with creating live experiences. The company platform helps to plan, promote and produce live events, thereby allowing creators to reduce friction and costs, increase reach and drive ticket sales. Geographically, it generates maximum revenue from the United States.
Executives
Sequoia Grove Ii, Llc 10 percent owner SEQUOIA CAPITAL 2800 SAND HILL ROAD, SUITE 101 MENLO PARK CA 94025
Sequoia Grove Manager, Llc 10 percent owner SEQUOIA CAPITAL 2800 SAND HILL ROAD, SUITE 101 MENLO PARK CA 94025
Fan Xiaojing officer: Chief Accounting Officer, other: Chief Accounting Officer C/O EVENTBRITE, INC. 155 5TH ST., 7TH FL. SAN FRANCISCO CA 94103
Wheeless Naomi director C/O EVENTBRITE, INC. 155 5TH ST., 7TH FL. SAN FRANCISCO CA 94103
Sagi Vivek officer: Chief Technology Officer C/O EVENTBRITE, INC. 155 5TH STREET, 7TH FLOOR SAN FRANCISCO CA 94103
Baker Charles officer: Chief Financial Officer C/O MONSTER WORLDWIDE, INC. 622 THIRD AVENUE NEW YORK NY 10017
Sequoia Capital U.s. Venture 2010-seed Fund, L.p. 10 percent owner 2800 SAND HILL RD, SUITE 101 MENLO PARK CA 94025
Crehan Shane officer: Chief Accounting Officer C/O EVENTBRITE, INC. 155 5TH STREET, 7TH FLOOR SAN FRANCISCO CA 94103
Sharkey Deborah officer: Chief Commercial Officer C/O EVENTBRITE, INC. 155 5TH STREET, 7TH FLOOR SAN FRANCISCO CA 94103
Growth Capital Gp I, Llc 10 percent owner 4400 IDS CENTER, 80 SOUTH EIGHTH STREET MINNEAPOLIS MN 55402
Growth Capital Fund I, L.p. 10 percent owner 4400 IDS CENTER 80 SOUTH EIGHTH STREET MINNEAPOLIS MN 55402
Lauder Jane director 767 FIFTH AVENUE NEW YORK NY 10153
Dreskin Andrew director EVENTBRITE, INC. 155 5TH STREET, 7TH FLOOR SAN FRANCISCO CA 94103
Cohen Omer officer: Chief People Officer EVENTBRITE, INC. 155 5TH STREET, 7TH FLOOR SAN FRANCISCO CA 94103
Harnett Samantha officer: See Remarks 1836 CLEMENS ROAD OAKLAND CA 94602

Eventbrite Headlines

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