Company name:

Ping Identity Holding Corp

  • IPO SHARE PRICE:
    $15.00
  • IPO DATE:
    19 September 2019
  • TICKER:
    PING
  • MAIN STOCK EXCHANGE:
    NYSE
  • CURRENT HQ LOCATION:
    1001 17th Street Suite 100 Denver Colorado 80202
  • FISCAL YEAR END:
    December 31
  • INCORPORATION JURISDICTION:
    DE
  • ORGANIZED AS THE FOLLOWING LEGAL TYPE:
    Corporation
  • Investor Relations Webpage:
    Coming soon!
  • TAX RATE:
    USA federal corporate nominal income tax rate is 21%

Short Description

Ping Identity Holding Corp

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Balance Sheet

Quarterly Annual
(USD in thousand)
14.7% 8.3% 6.3%
Selected Year:
31-Dec
2020
Current Assets
Most valuable part of Current Assets is Cash and Marketable Securities which should be watched carefully; at the same time high and growing level of Accounts Receivables is very dangerous sign
32.0%
14.7% —

Cash and cash equivalents

8.3% —

Accounts Receivable

6.3% —

Contract assets current portion

1.8% —

Prepaid expenses

0.7% —

Deferred commission expense

0.2% —

Other short-term assets

Liquidity
Selected Year:
The most liquid asset, however, most companies don't keep much of it and invest excess cash into marketable securities such as Government bonds - in the US - Treasuries
Cash and cash equivalents 		$83,499 $67,637 $145,733
Accounts Receivable 50,108 67,642 82,335
Prepaid expenses 8,508 12,768 17,608
Deferred commission expense 3,746 5,814 6,604
Contract assets current portion 53,435 70,031 62,503
Other short-term assets 2,136 3,774 1,940
Total current assets $201,432 $227,666 $316,723
18.2% 44.5%
Selected Year:
31-Dec
2020
Non-Current Assets
Non-current assets characterize company's business: high Property, Plant, and Equipment means that company is in capital-intensive industry which typically is very cyclical (earnings fluctuate a lot); watch out for high level of Goodwill and other non-intangibles which is bad sign as they typically worth very low relative to their value shown on the balance sheet
68.0%
44.5% —

Goodwill

18.2% —

Intangible assets

1.6% —

Operating lease - right-of-use assets

1.1% —

Contract assets

1.0% —

Property and equipment net

0.9% —

Deferred commissions

0.4% —

Deferred tax assets

0.3% —

Other non-current assets
Selected Year:
Property and equipment net 5,630 11,183 9,446
Operating lease - right-of-use assets - - 15,619
Deferred tax assets 1,829 2,755 3,962
Contract assets 14,033 15,979 11,288
Deferred commissions 7,287 7,856 9,325
Intangible assets
207,043 187,868 180,422
Goodwill
417,696 417,696 441,150
Other non-current assets 2,073 1,808 2,516
Total non-current assets 655,591 645,145 673,728
Total assets $857,023 $872,811 $990,451
5.0% 15.0% 74.6%
Selected Year:
31-Dec
2020
Current Liabilities
Current Liabilities represent company's short-term dues to others. The most important part to watch for is short-term debt and accounts payables
8.1%
5.0% —

Current portion of deferred revenue

1.7% —

Accrued employee compensation

0.7% —

Accrued expenses and other current liabilities

0.4% —

Current portion of Operating leases

0.3% —

Accounts payable
Selected Year:
Accounts payable $1,766 $1,118 $2,795
Accrued employee compensation 18,394 18,126 17,170
Accrued expenses and other current liabilities 7,906 9,302 7,339
Current portion of deferred revenue 31,493 45,446 49,203
Current maturities of long-term debt 2,500 - -
Current portion of Operating leases - - 3,979
Total current liabilities $62,059 $73,992 $80,486
Selected Year:
31-Dec
2020
Non-Current Liabilities
The most critical items are revolving credit facility, term loans, and then notes - any forms of debt; in addition, pay attention to items like pension liabilites and leases- hidden debt
19.1%
15.0% —

Long-term debt

1.8% —

Deferred tax liability

1.7% —

Operating leases

0.3% —

Deferred revenue

0.2% —

Other non-current liabilities
Selected Year:
Deferred revenue 3,874 2,061 3,195
Deferred tax liability 39,112 30,571 17,867
Long-term debt 241,051 50,941 149,014
Operating leases - - 17,213
Other non-current liabilities 1,822 4,775 1,566
Total long-term liabilities $285,859 $88,348 $188,855
Total Liabilities $347,918 $162,340 $269,341
Selected Year:
31-Dec
2020
Equity
It's residue that is owned by shareholders after satisfying all of the liabilities with all of the assets; the larger the amount, the better the business is
72.8%
74.6% —

Additional paid-in capital

0.1% —

Accumulated other comprehensive (loss) income

0.0% —

Common stock
Selected Year:
Common stock $65 $80 $81
Accumulated deficit
(6,152) (7,656) (19,395)
Additional paid-in capital
515,979 718,446 739,051
Accumulated other comprehensive (loss) income - (399) 1,373
Accumulated other comprehensive loss (787) (399) -
Total Equity $509,105 $710,471 $721,110
Total Liabilities and Equity $857,023 $872,811 $990,451