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Veeva Systems Financial Strength

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

Good Sign:

Veeva Systems 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 Veeva Systems's interest coverage with the available data. Veeva Systems's debt to revenue ratio for the quarter that ended in Apr. 2022 was 0.03. As of today, Veeva Systems's Altman Z-Score is 24.43.


Competitive Comparison

For the Health Information Services subindustry, Veeva Systems'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.

   

Veeva Systems Financial Strength Distribution

For the Healthcare Providers & Services industry and Healthcare sector, Veeva Systems's Financial Strength distribution charts can be found below:

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



Veeva Systems 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:

Veeva Systems's Interest Expense for the months ended in Apr. 2022 was $0 Mil. Its Operating Income for the months ended in Apr. 2022 was $128 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Apr. 2022 was $42 Mil.

Veeva Systems's Interest Coverage for the quarter that ended in Apr. 2022 is

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

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

Veeva Systems's Debt to Revenue Ratio for the quarter that ended in Apr. 2022 is

Debt to Revenue Ratio=Total Debt (Q: Apr. 2022 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(11.606 + 42.462) / 2020.408
=0.03

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.

Veeva Systems has a Z-score of 24.43, indicating it is in Safe Zones. This implies the Z-Score is strong.

Good Sign:

Altman Z-score of 24.43 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.


Veeva Systems  (NYSE:VEEV) 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.

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


Veeva Systems Financial Strength Related Terms

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


Veeva Systems Business Description

Veeva Systems logo
Traded in Other Exchanges
Address
4280 Hacienda Drive, Pleasanton, CA, USA, 94588
Veeva is a leading supplier of software solutions for the life sciences industry. The company's best-of-breed offering addresses operating and regulatory requirements for customers ranging from small, emerging biotechnology companies to departments of global pharmaceutical manufacturers. The company leverages its domain expertise and cloud-based platform to improve the efficiency and compliance of the underserved life sciences industry, displacing large, highly customized and dated enterprise resource planning systems that have limited flexibility. As the vertical leader, Veeva innovates, increases wallet share at existing customers, and expands into other industries with similar regulations, protocols, and procedures, such as consumer goods, chemicals, and cosmetics.
Executives
Hunt Nimrata director IDEXX LABORATORIES, INC. WESTBROOK ME 04092
Mohr Marshall director C/O INTUITIVE SURGICAL, INC 1266 KIFER ROAD SUNNYVALE CA 94086
Hung Priscilla director 2850 S. DELAWARE STREET SUITE 400 SAN MATEO CA 94404
Bowman Brent R officer: Chief Financial Officer C/O VEEVA SYSTEMS INC. 4280 HACIENDA DRIVE PLEASANTON CA 94588
Schwenger Thomas D. officer: President and COO C/O VEEVA SYSTEMS INC., 4280 HACIENDA DRIVE PLEASANTON CA 94588
Hedley Mary Lynne director C/O TESARO, INC. 1000 WINTER ST., STE 3300 WALTHAM MA 02451
O'connor Michele officer: Chief Accounting Officer C/O VEEVA SYSTEMS INC. 4280 HACIENDA DRIVE PLEASANTON CA 94588
Carges Mark T director EBAY INC. 2145 HAMILTON AVENUE SAN JOSE CA 95125
Lequient Frederic officer: SVP Global Customer Service C/O VEEVA SYSTEMS INC. 4280 HACIENDA DRIVE PLEASANTON CA 94588
Chamberlain Paul Edward director C/O VEEVA SYSTEMS INC. 4280 HACIENDA DRIVE PLEASANTON CA 94588
Emergence Equity Partners Ii, L.p. director, 10 percent owner 160 BOVET ROAD SUITE 300 SAN MATEO CA 94402
Emergence Gp Partners, Llc director, 10 percent owner 160 BOVET ROAD SUITE 300 SAN MATEO CA 94402
Emergence Capital Partners Ii Lp director, 10 percent owner 160 BOVET ROAD SAN MATEO CA 94402
Barabe Timothy C director C/O ARQULE, INC. 1 WALL STREET, 6TH FLOOR BURLINGTON MA 01803
Mateo Alan officer: EVP Global Sales C/O VEEVA SYSTEMS 4280 HACIENDA DRIVE PLEASANTON CA 94588

Veeva Systems Headlines

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