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MDB (MongoDB) Altman Z-Score : 7.16 (As of Oct. 31, 2024)


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What is MongoDB Altman Z-Score?

The Altman Z-Score is a model designed to predict the likelihood of a company going bankrupt within the next two years. Created by American finance professor Edward Altman in 1968, the model is specifically designed for publicly traded manufacturing companies with assets greater than $1 million.

Good Sign:

Altman Z-score of 7.5 is strong.

MongoDB has a Altman Z-Score of 7.16, 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 MongoDB's Altman Z-Score or its related term are showing as below:

MDB' s Altman Z-Score Range Over the Past 10 Years
Min: -3.84   Med: 6.36   Max: 12.48
Current: 7.5

During the past 9 years, MongoDB's highest Altman Z-Score was 12.48. The lowest was -3.84. And the median was 6.36.


MongoDB Altman Z-Score Historical Data

The historical data trend for MongoDB'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.

MongoDB Altman Z-Score Chart

MongoDB Annual Data
Trend Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only 4.54 9.27 9.26 4.88 10.08

MongoDB Quarterly Data
Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24
Altman Z-Score Get a 7-Day Free Trial 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 10.52 8.96 10.08 9.50 6.71

Competitive Comparison of MongoDB's Altman Z-Score

For the Software - Infrastructure subindustry, MongoDB'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.


MongoDB's Altman Z-Score Distribution in the Software Industry

For the Software industry and Technology sector, MongoDB's Altman Z-Score distribution charts can be found below:

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



MongoDB 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.

MongoDB'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*0.6965+1.4*-0.5898+3.3*-0.0632+0.6*11.2965+1.0*0.5811
=7.16

* 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 Jul. 2024:
Total Assets was $3,131 Mil.
Total Current Assets was $2,722 Mil.
Total Current Liabilities was $541 Mil.
Retained Earnings was $-1,847 Mil.
Pre-Tax Income was -50.632 + -78.012 + -52.086 + -25.662 = $-206 Mil.
Interest Expense was -2.282 + -1.897 + -2.419 + -1.964 = $-9 Mil.
Revenue was 478.109 + 450.561 + 458.002 + 432.938 = $1,820 Mil.
Market Cap (Today) was $19,974 Mil.
Total Liabilities was $1,768 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
=(2722.047 - 541.155)/3131.23
=0.6965

X2=Retained Earnings/Total Assets
=-1846.754/3131.23
=-0.5898

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(-206.392 - -8.562)/3131.23
=-0.0632

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=19974.297/1768.183
=11.2965

X5=Revenue/Total Assets
=1819.61/3131.23
=0.5811

The zones of discrimination were as such:

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

MongoDB has a Altman Z-Score of 7.16 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.


MongoDB  (NAS:MDB) 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.


MongoDB Altman Z-Score Related Terms

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


MongoDB Business Description

Traded in Other Exchanges
Address
1633 Broadway, 38th Floor, New York, NY, USA, 10019
Founded in 2007, MongoDB is a document-oriented database with nearly 33,000 paying customers and well past 1.5 million free users. MongoDB provides both licenses as well as subscriptions as a service for its NoSQL database. MongoDB's database is compatible with all major programming languages and is capable of being deployed for a variety of use cases.
Executives
Hope F Cochran director C/O HASBRO, INC., 1011 NEWPORT AVENUE, PAWTUCKET RI 02861
Dwight A Merriman director C/O MONGODB, INC., 229 WEST 43RD STREET, 5TH FLOOR, NEW YORK NY 10036
Michael Lawrence Gordon officer: Chief Financial Officer C/O MONGODB, INC., 1633 BROADWAY, 38TH FLOOR, NEW YORK NY 10019
Cedric Pech officer: Chief Revenue Officer C/O MONGODB, INC., 1633 BROADWAY, 38TH FLOOR, NEW YORK NY 10019
Thomas Bull officer: Principal Accounting Officer C/O MONGODB, INC., 1633 BROADWAY, 38TH FLOOR, NEW YORK NY 10019
Dev Ittycheria director, officer: President & CEO C/O MONGO DB, INC., 1633 BROADWAY, 38TH FLOOR, NEW YORK NY 10019
Archana Agrawal director C/O MONGODB, INC., 1633 BROADWAY, 38TH FLOOR, NEW YORK NY 10019
John Dennis Mcmahon director C/O BLADELOGIC, INC., 10 MAGUIRE STREET, BUILDING 3, LEXINGTON MA 02421
Roelof Botha director, 10 percent owner C/O SEQUOIA CAPITAL, 2800 SAND HILL RD, SUITE 101, MENLO PARK CA 94025
Mark Porter director C/O MONGODB, INC., 1633 BROADWAY, 38TH FLOOR, NEW YORK NY 10019
Hazard Charles M Jr director, 10 percent owner 136 SUDBURY ROAD, WESTON MA 02493
Eliot Horowitz director, officer: Chief Technology Officer C/O MONGODB, INC., 1633 BROADWAY, 38TH FLOOR, NEW YORK NY 10019
Francisco Dsouza director 500 GLENPOINTE CENTRE W, TEANECK NJ 07666
Kevin P Ryan director C/O MONGODB, INC., 1633 BROADWAY, 38TH FLOOR, NEW YORK NY 10019
Meagen Eisenberg officer: Chief Marketing Officer C/O MONGO DB, INC., 1633 BROADWAY, 38TH FLOOR, NEW YORK NY 10019

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