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Teladoc Health Altman Z-Score

: 7.95 (As of Today)
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Good Sign:

Altman Z-score of 8.04 is strong.

Teladoc Health has a Altman Z-Score of 7.95, indicating it is in Safe Zones. This implies the Altman Z-Score is strong.

The zones of discrimination were as such:

When Altman Z-Score <= 1.8, it is in Distress Zones.
When Altman Z-Score >= 3, it is in Safe Zones.
When Altman Z-Score is between 1.8 and 3, it is in Grey Zones.

The historical rank and industry rank for Teladoc Health's Altman Z-Score or its related term are showing as below:

NYSE:TDOC' s Altman Z-Score Range Over the Past 10 Years
Min: -1.95   Med: 5.22   Max: 11.55
Current: 8.04

-1.95
11.55

During the past 8 years, Teladoc Health's highest Altman Z-Score was 11.55. The lowest was -1.95. And the median was 5.22.


Teladoc Health Altman Z-Score Historical Data

The historical data trend for Teladoc Health's Altman Z-Score can be seen below:

* 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.

* Premium members only.

Teladoc Health Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Altman Z-Score
Premium Member Only Premium Member Only Premium Member Only 5.22 4.41 4.18 6.32 9.57

Teladoc Health Quarterly Data
Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21
Altman Z-Score Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 8.57 9.43 9.57 9.53 9.80

Competitive Comparison

For the Health Information Services subindustry, Teladoc Health's Altman Z-Score, along with its competitors' market caps and Altman Z-Score 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.

   

Teladoc Health Altman Z-Score Distribution

For the Healthcare Providers & Services industry and Healthcare sector, Teladoc Health's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Teladoc Health's Altman Z-Score falls into.



Teladoc Health Altman Z-Score Calculation

Altman 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.

Teladoc Health's Altman Z-Score for today is calculated with this formula:

Z=1.2*X1+1.4*X2+3.3*X3+0.6*X4+1.0*X5
=1.2*0.0471+1.4*-0.0753+3.3*-0.0386+0.6*13.3923+1.0*0.0925
=7.95

* 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. GuruFocus does not calculate Altman Z-Score when X4 or X5 value is 0.

Trailing Twelve Months (TTM) ended in Jun. 2021:
Total Assets was $17,611 Mil.
Total Current Assets was $1,105 Mil.
Total Current Liabilities was $276 Mil.
Retained Earnings was $-1,326 Mil.
Pre-Tax Income was -130.623 + -112.61 + -479.424 + -38.174 = $-761 Mil.
Interest Expense was -20.473 + -22.125 + -20.819 + -17.222 = $-81 Mil.
Revenue was 503.139 + 453.675 + 383.321 + 288.812 = $1,629 Mil.
Market Cap (Today) was $21,562 Mil.
Total Liabilities was $1,610 Mil.

* Note that for stock reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data.

X1=Working Capital/Total Assets
=(Total Current Assets - Total Current Liabilities)/Total Assets
=(1104.837 - 276.227)/17611.119
=0.0471

X2=Retained Earnings/Total Assets
=-1326.129/17611.119
=-0.0753

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(-760.831 - -80.639)/17611.119
=-0.0386

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=21562.210/1610.049
=13.3923

X5=Revenue/Total Assets
=1628.947/17611.119
=0.0925

The zones of discrimination were as such:

Distress Zones - 1.81 < Grey Zones < 2.99 - Safe Zones

Teladoc Health has a Altman Z-Score of 7.95 indicating it is in Safe Zones.

Study by Altman found that companies that are in Distress Zone have more than 80% of chances of bankruptcy in two years.


Teladoc Health  (NYSE:TDOC) Altman Z-Score Explanation

X1: The Working Capital/Total Assets (WC/TA) ratio is a measure of the net liquid assets of the firm relative to the total capitalization. Working capital is defined as the difference between current assets and current liabilities. Ordinarily, a firm experiencing consistent operating losses will have shrinking current assets in relation to total assets. Altman found this one proved to be the most valuable liquidity ratio comparing with the current ratio and the quick ratio. This is however the least significant of the five factors.

X2: Retained Earnings/Total Assets: the RE/TA ratio measures the leverage of a firm. Retained earnings is the account which reports the total amount of reinvested earnings and/or losses of a firm over its entire life. Those firms with high RE, relative to TA, have financed their assets through retention of profits and have not utilized as much debt.

X3, Earnings Before Interest and Taxes/Total Assets (EBIT/TA): This ratio is a measure of the true productivity of the firm's assets, independent of any tax or leverage factors. Since a firm's ultimate existence is based on the earning power of its assets, this ratio appears to be particularly appropriate for studies dealing with corporate failure. This ratio continually outperforms other profitability measures, including cash flow.

X4, Market Value of Equity/Book Value of Total Liabilities (MVE/TL): The measure shows how much the firm's assets can decline in value (measured by market value of equity plus debt) before the liabilities exceed the assets and the firm becomes insolvent.

X5, Revenue/Total Assets (S/TA): The capital-turnover ratio is a standard financial ratio illustrating the sales generating ability of the firm's assets.

Read more about Altman Z-Score and the original research.


Be Aware

Altman Z-Score does not apply to financial companies.


Teladoc Health Altman Z-Score Related Terms

Thank you for viewing the detailed overview of Teladoc Health's Altman Z-Score provided by GuruFocus.com. Please click on the following links to see related term pages.


Teladoc Health Business Description

Teladoc Health logo
Industry
Traded in Other Exchanges
Address
2 Manhattanville Road, Suite 203, Purchase, NY, USA, 10577
Teladoc Health is a virtual health provider with a telehealth platform delivering 24-hour, on-demand healthcare via mobile devices, the Internet, video, and phone. It also offers remote patient monitoring programs for chronic care management. Its platform connects members with a network of physicians and behavioral health professionals. Most of the company's revenue is generated from access fees on a subscription basis (per member, per month). The balance comes from visit fees and equipment rental and sales to hospital systems. Since inception, Teladoc has primarily partnered with employers, health plans, and health systems to offer network access to their members; it has also started to market directly to consumers while expanding its service portfolio.
Executives
Gorevic Jason N director, officer: Chief Executive Officer PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: GOREVIC JASON N a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;}
Vandervoort Adam C officer: Chief Legal Officer, Secretary 485 MADISON AVENUE NEW YORK NY 10022
Turitz Andrew officer: SVP - Business Development C/O TELADOC, INC. 2 MANHATTANVILLE ROAD, SUITE 203 PURCHASE NY 10577
Levy Lewis officer: Chief Medical Officer C/O TELADOC, INC. 2 MANHATTANVILLE ROAD, SUITE 203 PURCHASE NY 10577
Verstraete Stephany officer: Chief Marketing Officer C/O TELADOC, INC. 2 MANHATTANVILLE ROAD, SUITE 203 PURCHASE NY 10577
Frist William H. director 600 MONTGOMERY STREET SAN FRANCISCO CA 94111
Bucaria Michelle officer: Chief Human Resources Officer C/O TELADOC, INC. 2 MANHATTANVILLE ROAD, SUITE 203 PURCHASE NY 10577
Sides David William officer: Chief Operating Officer 1230 PEACHTREE STREET NE SUITE 600 ATLANTA GA 30309
Caridi Christopher officer: Chief Accounting Officer C/O 111 RIVER STREET HOBOKEN NJ 07030
Murthy Mala officer: Chief Financial Officer C/O TELADOC HEALTH, INC. 2 MANHATTANVILLE ROAD, SUITE 203 PURCHASE NY 10577
Shedlarz David L director PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: SHEDLARZ DAVID L a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;}
Goldstein Michael director 3 EAST 84 STREET NEW YORK NY 10028
Darling Helen director 2 MANHATTANVILLE ROAD SUITE 203 PURCHASE NY 10577
Paulus Kenneth H director 5420 FELTL ROAD MINNETONKA MN 55343
Mckinley Thomas director PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: MCKINLEY THOMAS a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;}

Teladoc Health Headlines

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