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Weave Communications Financial Strength

: 4 (As of Jun. 2022)
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Weave Communications 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.

Weave Communications did not have earnings to cover the interest expense. Weave Communications's debt to revenue ratio for the quarter that ended in Jun. 2022 was 0.54. As of today, Weave Communications's Altman Z-Score is 0.65.


Competitive Comparison

For the Software - Application subindustry, Weave Communications'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.

   

Weave Communications Financial Strength Distribution

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

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



Weave Communications 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:

Weave Communications's Interest Expense for the months ended in Jun. 2022 was $-0.3 Mil. Its Operating Income for the months ended in Jun. 2022 was $-14.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2022 was $63.0 Mil.

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

Weave Communications 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.

Weave Communications'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
=(12.778 + 62.959) / 139.72
=0.54

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.

Weave Communications has a Z-score of 0.65, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.

Warning Sign:

Altman Z-score of 0.65 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.


Weave Communications  (NYSE:WEAV) 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.

Weave Communications has the Financial Strength Rank of 4.


Weave Communications Financial Strength Related Terms

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


Weave Communications Business Description

Weave Communications logo
Traded in Other Exchanges
N/A
Address
1331 W Powell Way, Lehi, UT, USA, 84043
Weave Communications Inc is an all-in-one customer communications and engagement software platform for small and medium-sized businesses. Its platform enables entrepreneurs to maximize the value of their customer interactions and minimize the time and effort spent on manual or mundane tasks.
Executives
Scanlon George P director 13410 SUTTON PARK DRIVE SOUTH JACSKONVILLE FL 32224
Silverman David Richard director 2180 SAND HILL ROAD, SUITE 200 MENLO PARK CA 94025
Crosslink Capital Inc 10 percent owner 2180 SAND HILL ROAD SUITE 200 MENLO PARK CA 94025
Catalyst Investors Partners Iv, L.l.c. 10 percent owner 711 FIFTH AVENUE SUITE 600 NEW YORK NY 10022
Catalyst Investors Partners Iv, L.p. 10 percent owner 711 FIFTH AVENUE SUITE 600 NEW YORK NY 10022
Hyde Matthew C. officer: Chief Revenue Officer C/O WEAVE COMMUNICATIONS, INC. 1331 W. POWELL WAY LEHI UT 84043
Smuin Marty officer: Chief Operating Officer C/O WEAVE COMMUNICATIONS, INC. 1331 W. POWELL WAY LEHI UT 84043
Taylor Alan officer: Chief Financial Officer C/O WEAVE COMMUNICATIONS, INC. 1331 W POWELL WAY LEHI UT 84043
Chaudhary Ashish officer: Chief Technology Officer C/O WEAVE COMMUNICATIONS, INC. 1331 W POWELL WAY LEHI UT 84043
Harper Wendy officer: Chief Legal Officer & Corp.Sec C/O WEAVE COMMUNICATIONS, INC. 1331 W POWELL WAY LEHI UT 84043
Deer Ix & Co. Ltd. 10 percent owner C/O BESSEMER VENTURE PARTNERS 1865 PALMER AVENUE, SUITE 104 LARCHMONT NY 10538
Deer Ix & Co. L.p. 10 percent owner C/O BESSEMER VENTURE PARTNERS 1865 PALMER AVENUE, SUITE 104 LARCHMONT NY 10538
Bessemer Venture Partners Ix L.p. 10 percent owner C/O BESSEMER VENTURE PARTNERS 1865 PALMER AVENUE, SUITE 104 LARCHMONT NY 10538
Newton Tyler director 711 FIFTH AVENUE SUITE 600 NEW YORK NY 10022
Catalyst Investors Qp Iv, L.p. 10 percent owner 711 FIFTH AVENUE, SUITE 600 NEW YORK NY 10022
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