What is Transact Technologies Financial Strength?
Transact Technologies has the Financial Strength Rank of 9. It shows strong financial strength and is unlikely to fall into distressed situations.
Good Sign:
Transact Technologies 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.
Transact Technologies did not have earnings to cover the interest expense.
Transact Technologies's debt to revenue ratio for the quarter that ended in Dec. 2023 was 0.07.
As of today, Transact Technologies's Altman Z-Score is 4.26.
Competitive Comparison of Transact Technologies's Financial Strength
For the Computer Hardware subindustry, Transact Technologies'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.
Transact Technologies's Financial Strength Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Transact Technologies's Financial Strength distribution charts can be found below:
* The bar in red indicates where Transact Technologies's Financial Strength falls into.
Transact Technologies 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:
Transact Technologies's Interest Expense for the
months ended in Dec. 2023 was $-0.05 Mil. Its Operating Income for the
months ended in Dec. 2023 was $-0.52 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.72 Mil.
Transact Technologies's Interest Coverage for the quarter that ended in Dec. 2023 is
| Transact Technologies 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.
Transact Technologies's Debt to Revenue Ratio for the quarter that ended in Dec. 2023 is
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.
Transact Technologies has a Z-score of 4.26, indicating it is in Safe Zones. This implies the Z-Score is strong.
Good Sign:
Altman Z-score of 4.26 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.
Transact Technologies (Transact Technologies) Business Description
Traded in Other Exchanges
N/A
Address
2319 Whitney Avenue, One Hamden Center, Suite 3B, Hamden, CT, USA, 06518
Transact Technologies Inc develops and sells software-driven technology and printing solutions. The company's software is sold under BOHA, AccuDate, Epic, EPICENTRAL, Ithaca, and Printrex brand names. It also provides supplies and consumables used in the printing and scanning activities to restaurant and hospitality, banking, retail, casino and gaming, point of sale automation, lottery, medical, mobile, oil, and gas markets. Most of the revenue is derived from the casinos and gaming industry followed by the Foodservice technology market. Its geographical segments are the United States and International, of which the majority of its revenue comes from the United States.
Executives
| B. Riley Financial, Inc. |
10 percent owner |
11100 SANTA MONICA BLVD, SUITE 800, LOS ANGELES CA 90025 |
| Audrey Dunning |
director |
242 MEADOWBROOK DRIVE, CRANBERRY TOWNSHIP PA 16066 |
| 325 Master Fund Lp |
director, 10 percent owner |
757 THIRD AVENUE, 20TH FLOOR, NEW YORK NY 10017 |
| 325 Capital Gp, Llc |
director, 10 percent owner |
757 THIRD AVENUE, 20TH FLOOR, NEW YORK NY 10017 |
| Gaurav Bahri |
officer: Chief Revenue Officer |
12586 MISTY CREEK LANE, FAIRFAX VA 22033 |
| William Defrances |
officer: Chief Accounting Officer |
|
| Bryant R Riley |
10 percent owner |
C/O B. RILEY FINANCIAL, INC., 21255 BURBANK BLVD, SUITE 400, WOODLAND HILLS CA 91367 |
| B. Riley Securities, Inc. |
10 percent owner |
11100 SANTA MONICA BLVD, SUITE 800, LOS ANGELES CA 90025 |
| Bart C Shuldman |
director, officer: Chairman and CEO |
6700 PARADISE ROAD, SUITE D, LAS VEGAS NV 89119 |
| Raymond J Harbert |
10 percent owner |
2100 THIRD AVENUE NORTH, SUITE 600, BIRMINGHAM AL 35203 |
| Kenan Lucas |
10 percent owner |
C/O HARBERT MANAGEMENT CORPORATION, 2100 THIRD AVENUE NORTH, SUITE 600, BIRMINGHAM AL 35203 |
| Harbert Fund Advisors, Inc. |
10 percent owner |
2100 THIRD AVENUE NORTH, SUITE 600, BIRMINGHAM AL 35203 |
| Harbert Discovery Fund, Lp |
10 percent owner |
HARBERT DISCOVERY FUND GP, LLC, 2100 THIRD AVENUE NORTH, SUITE 600, BIRMINGHAM AL 35203 |
| John F. Bryant |
10 percent owner |
C/O HARBERT MANAGEMENT CORPORATION, 2100 THIRD AVENUE NORTH, SUITE 600, BIRMINGHAM AL 35203 |
| Harbert Management Corp |
10 percent owner |
2100 THIRD AVENUE NORTH, SUITE 600, BIRMINGHAM AL 35203 |
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