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Tenable Holdings has the Financial Strength Rank of 5.
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.Tenable Holdings did not have earnings to cover the interest expense. Tenable Holdings's debt to revenue ratio for the quarter that ended in Mar. 2024 was 0.48. As of today, Tenable Holdings's Altman Z-Score is 2.38.
For the Software - Infrastructure subindustry, Tenable Holdings'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, Tenable Holdings's Financial Strength distribution charts can be found below:
* The bar in red indicates where Tenable Holdings'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:
Tenable Holdings's Interest Expense for the months ended in Mar. 2024 was $-8.1 Mil. Its Operating Income for the months ended in Mar. 2024 was $-7.5 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $404.9 Mil.
Tenable Holdings's Interest Coverage for the quarter that ended in Mar. 2024 is
Tenable Holdings 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.
Tenable Holdings's Debt to Revenue Ratio for the quarter that ended in Mar. 2024 is
Debt to Revenue Ratio | = | Total Debt (Q: Mar. 2024 ) | / | Revenue | ||
= | (Short-Term Debt & Capital Lease Obligation | + | Long-Term Debt & Capital Lease Obligation) | / | Revenue | |
= | (5.985 | + | 404.939) | / | 863.844 | |
= | 0.48 |
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.
Tenable Holdings has a Z-score of 2.38, indicating it is in Grey Zones. This implies that Tenable Holdings is in some kind of financial stress. If it is below 1.81, the company may faces bankrupcy risk.
Warning Sign:
Altman Z-score of 2.38 is in the grey area. This implies that the company is under some kind of financial stress. If it is below 1.8, the company may face bankruptcy risk.
* 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.
Tenable Holdings (NAS:TENB) 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.
Tenable Holdings has the Financial Strength Rank of 5.
Thank you for viewing the detailed overview of Tenable Holdings's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.
Amit Yoran | director, officer: President, CEO and Chairman | C/O TENABLE HOLDINGS, INC., 6100 MERRIWEATHER DRIVE, COLUMBIA MD 21044 |
Mark C. Thurmond | officer: Chief Operating Officer | C/O TENABLE HOLDINGS, INC.0, 6100 MERRIWEATHER DRIVE, 12TH FLOOR, COLUMBIA MD 21044 |
Stephen A Vintz | officer: Chief Financial Officer | 4296 FORBES BOULEVARD, LANHAM MD 20706 |
Linda Kay Zecher | director | C/O HASBRO, INC., 1011 NEWPORT AVENUE, PAWTUCKET RI 02861 |
Margaret M Keane | director | 777 LONG RIDGE ROAD, SYNCHRONY FINANCIAL C/O CORP. SECRETARY, STAMFORD CT 06902 |
Raymond Jr. Vicks | director | C/O ACCESS GOHEALTH ONDEMAND, INC., 5555 GLENRIDGE CONNECTOR, SUITE 700, ATLANTA GA 30342 |
George Alex Tosheff | director | 23 CORPORATE PLAZA, SUITE 280, NEWPORT BEACH CA 92660 |
Coviello Arthur W Jr | director | EMC CORPORATION, 176 SOUTH STREET, HOPKINTON MA 01748 |
Stephen A Riddick | officer: General Counsel & Secretary | C/O TENABLE HOLDINGS, INC., 6100 MERRIWEATHER DRIVE, COLUMBIA MD 21044 |
Jerry M Kennelly | director | 199 FREMONT STREET, SAN FRANCISCO CA 94105 |
Niloofar Razi Howe | director | C/O TENABLE HOLDINGS, INC., 6100 MERRIWEATHER DRIVE, COLUMBIA MD 21044 |
Ping Li | director, 10 percent owner | 428 UNIVERSITY AVENUE, PALO ALTO CA 94301 |
Kimberly Hammonds | director | 100 EAST DAVIE STREET, RALEIGH NC 27601 |
Insight Holdings Group, Llc | 10 percent owner | 1114 AVENUE OF THE AMERICAS, 36TH FLOOR, NEW YORK NY 10036 |
Ivp Gp (venice), Llc | 10 percent owner | PO BOX 309, UGLAND HOUSE, GRAND CAYMAN E9 KY1-1104 |
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