What is RocketFuel Blockchain Probability of Financial Distress (%)?
Probability of Financial Distress (%) measures the probability that a company will go bankrupt in the upcoming year given its current financial position. A higher ratio indicates a larger probability of bankruptcy for the company, while a lower ratio indicates a healthier fundamental. As of today, RocketFuel Blockchain's Probability of Financial Distress (%) is 100.00%.
Like the Altman Z-Score, the PFD measures a company's bankruptcy risk. However, the main drawback of the Z-score is it does not apply to banks and insurance companies. According to Investopedia, the concept of "working capital" does not apply to banks and insurance companies, as financial institutions do not have typical current assets or current liabilities like inventories or accounts payable.
Competitive Comparison of RocketFuel Blockchain's Probability of Financial Distress (%)
For the Software - Infrastructure subindustry, RocketFuel Blockchain's Probability of Financial Distress (%), along with its competitors' market caps and Probability of Financial Distress (%) 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.
RocketFuel Blockchain's Probability of Financial Distress (%) Distribution in the Software Industry
For the Software industry and Technology sector, RocketFuel Blockchain's Probability of Financial Distress (%) distribution charts can be found below:
* The bar in red indicates where RocketFuel Blockchain's Probability of Financial Distress (%) falls into.
RocketFuel Blockchain Probability of Financial Distress (%) Calculation
Probability of Financial Distress (%) (PFD) was developed by John Campbell, Jens Hilscher and Jan Szilagyi in their Search of Distress Risk. It measures the probability that a company will go bankrupt within the next 12 months given its current financial position.
The Probability of Financial Distress (%) was obtained by a logit probability model based on eight explanatory variables. The logit formula to compute the probability of financial distress (LPFD) is given below:
| LPFD | = | -20.12 * NIMTAAVG | + | 1.60 * TLMTA | - | 7.88 * EXRETAVG | + | 1.55 * SIGMA | - | 0.005 * RSIZE | - | 2.27 * CASHMTA | + | 0.070 * MB | - | 0.09 * PRICE | - | 8.87 |
| = | 16.02 |
The Probability of Financial Distress (%) (PFD) was then obtianed by:
| PFD | = | 1 | / | (1 + e^(-LPFD)) | * | 100% |
| = | 100.00% |
The eight explanatory variables are:
1. NIMTAAVG = Net Income to Market Total Assets
*Note that for companies reported quarterly, geometrically declining weighted quarterly Net Income data in latest four quarters are used.
2. TLMTA = Total liabilities to Market Total Assets
3. CASHMTA = Cash to Market Total Assets
For non-financial companies, CASHMTA is measured as:
4. EXRETAVG = Excess Return compared to the S&P 500
EXRETAVG is the weighted excess return compared to the S&P 500 in past 12 month. Geometrically declining weights are imposed on the monthly excess return to reflect lagged information. The weight is halved each quarter.
5. SIGMA = Standard Deviation of Daily Returns
For sigma, we use the annualized standard deviation of a company's returns over the past 92 days (or 63 trading days).
6. RSIZE = Relative Size
| RSIZE | = | log (Market Cap | / | Total Market Cap of S&P 500 companies) |
7. MB = Market to Adjusted Book Equity Ratio
8. PRICE
PRICE is measured as the log of the stock price, capped at log(15).
RocketFuel Blockchain (RocketFuel Blockchain) Business Description
Traded in Other Exchanges
N/A
Address
201 Spear Street, Suite 1100, San Francisco, CA, USA, 94105
RocketFuel Blockchain Inc is a development-stage company that is in the process of developing check-out systems based upon blockchain technology and designed to increase speed, security, and ease of use. The company's blockchain-based check-out solution is being designed to include a single-click functionality to invoke payment conveyance with integrated consumer shipping address data. The provide payment solutions to businesses enabling them to make and receive payments with cryptocurrencies and via bank transfers, including ACH.
Executives
| Peter Michael Jensen |
director, officer: CEO |
45 BULKLEY AVE #3, SAUSALITO CA 94965 |
| Gert Funk |
director, 10 percent owner, officer: Chief Executive Officer |
C/O B4MC GOLD MINES, INC., 3651 LINDELL ROAD, LAS VEGAS NV 89103 |
| Bennett J. Yankowitz |
director, 10 percent owner, officer: President |
P.O. BOX 5778, BEVERLY HILLS CA 90024 |
| Rohan Hall |
officer: CTO |
29 CANOE, IRVINE CA 92618 |
| Henrik Rouf |
10 percent owner |
468 N. CAMDEN DR., SUITE 350, BEVERLY HILLS CA 90210 |
| Joseph E Page |
director, 10 percent owner, officer: Chief Technical Officer |
C/O B4MC GOLD MINES, INC., 3651 LINDELL ROAD, LAS VEGAS NV 89103 |
| Carsten Jensen |
10 percent owner |
RUNGSTEDVEJ 127, RUNGSTED G7 2960 |
| Saxton Capital Ltd. |
10 percent owner |
RUNGSTEDVEJ 127, RUNGSTED G7 2960 |
| Henrik Oerbekker |
10 percent owner |
94, RUE DES AUBEPINES, L-1145, LUXEMBOURG N4 2449 |
| Erik Hamann Petersen |
10 percent owner |
C/O ULRIK LARSEN, STENVAENGET 16, HEDEHUSENE G7 DK-2640 |
RocketFuel Blockchain (RocketFuel Blockchain) Headlines
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