What is Video Display 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, Video Display's Probability of Financial Distress (%) is 0.00%.
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 Video Display's Probability of Financial Distress (%)
For the Computer Hardware subindustry, Video Display'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.
Video Display's Probability of Financial Distress (%) Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Video Display's Probability of Financial Distress (%) distribution charts can be found below:
* The bar in red indicates where Video Display's Probability of Financial Distress (%) falls into.
Video Display 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 |
| = | -12.21 |
The Probability of Financial Distress (%) (PFD) was then obtianed by:
| PFD | = | 1 | / | (1 + e^(-LPFD)) | * | 100% |
| = | 0.00% |
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).
Video Display (Video Display) Business Description
Traded in Other Exchanges
N/A
Address
5155 King Street, Cocoa, FL, USA, 32926
Video Display Corp is a provider and manufacturer of video products, components, and systems for the visual display and presentation of electronic information media in a range of requirements and environments. It designs, engineers, manufactures, markets, distributes, and installs display products and systems, from basic components to systems, for Government, military, aerospace, medical, industrial, and commercial organizations. The company operates in one segment which is simulation, training, and display products. Its products lines include Dome Aircraft Simulator Display Systems, Multi-Faceted Aircraft Simulator Display Systems, Video Walls for Broadcast and Control Centers, Rugged Flat Panel Displays and Computers, Projector and Monitor Upgrades, and Projection Screens.
Executives
| Ronald D Ordway |
director, 10 percent owner, officer: CEO |
1868 TUCKER INDL RD, TUCKER GA 30084 |
| Jonathan R Ordway |
10 percent owner |
|
| David Saunders Cooper |
director |
2476 OLDFIELD ROAD NW, ATLANTA GA 30327 |
| Lusby Roger Winfield Iii |
director |
5604 BAHIA MAR CIRCLE, STONE MOUNTAIN GA 30087 |
| Gregory Lee Osborn |
director, officer: Chief Financial Officer |
1374 CARRINGTON WAY, LAWRENCEVILLE GA 30044 |
| David Allen Heiden |
officer: President & COO |
6078 WINDSONG WAY, STONE MOUNTAIN GA 30087 |
| Ervin Kuczogi |
director |
P O BOX 353, WHITE MILLS PA 18473 |
| Michael Delen Boyd |
officer: CFO |
1451 BEVERLY DRIVE, ATHENS GA 30606 |
| Thibeault Ernest Joseph Iii |
director |
603 OLD MAMMOTH ROAD, LONDONDERRY NH 03053 |
| Carolyn C Howard |
director |
279 MOUNTAIN ROAD, JAFFREY NH 03452 |
| Carleton E Sawyer |
director |
C/O VIDEO DISPLAY CORP, 13 PINE RIDGE RD, LOUDON NH 03307-0830 |
| Murray G Fox |
director, officer: CEO - Fox International, Ltd |
|
| Carol D Franklin |
officer: CFO |
|
| Peter Frend |
director |
1107 LIBERTY SQUARE RD, BOXBOROUGH MA 01719 |
Video Display (Video Display) Headlines
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