Altman Z2-Score, also known as Z"-Score, is used to predict the likelihood that a non-manufacturing company (excluding property/financial company) will face bankruptcy within a two-year period.
Warning Sign:
Nimble Storage has a Altman Z2-Score of -4.71, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
The zones of discrimination were as such:
When Altman Z2-Score <= 1.1, it is in Distress Zones.
When Altman Z2-Score >= 2.6, it is in Safe Zones.
When Altman Z2-Score is between 1.1 and 2.6, it is in Grey Zones.
The historical rank and industry rank for Nimble Storage's Altman Z2-Score or its related term are showing as below:
Nimble Storage Altman Z2-Score Historical Data
The historical data trend for Nimble Storage's Altman Z2-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.
Competitive Comparison of Nimble Storage's Altman Z2-Score
For the Computer Hardware subindustry, Nimble Storage's Altman Z2-Score, along with its competitors' market caps and Altman Z2-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.
Nimble Storage's Altman Z2-Score Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Nimble Storage's Altman Z2-Score distribution charts can be found below:
* The bar in red indicates where Nimble Storage's Altman Z2-Score falls into.
Nimble Storage Altman Z2-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.
Z2-Score, also known as Z"-Score is the Z-Score for non-manufacturing companies excluding property/financial companies.
Nimble Storage's Altman Z2-Score for today is calculated with this formula:
Z
=
6.56
*
X1
+
3.26
*
X2
+
6.72
*
X3
+
1.05
*
X4_2
=
6.56
*
0.4032
+
3.26
*
-1.4363
+
6.72
*
-0.4714
+
1.05
*
0.4736
=
-4.71
* 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 Z2-Score when X4_2 value is 0.
The original Z-Score model was based on publicly traded manufacturing companies while the Z2-Score, also known as Z"-score can be used for any type of company excluding property/financial companies. Both Z-Score and Z2-Score describes the financial health of a company, and its likelihood of financial distress.
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.
Altman Z2-Score does not apply to financial companies.
Nimble Storage Altman Z2-Score Related Terms
Thank you for viewing the detailed overview of Nimble Storage's Altman Z2-Score provided by GuruFocus.com. Please click on the following links to see related term pages.
Nimble Storage (Nimble Storage) Business Description
Nimble Storage Inc was incorporated in the state of Delaware in November 2007. The Company designs and sells a flash-optimized storage platform; comprised of a Unified Flash Fabric that provides single consolidation architecture with common data services across a portfolio of All Flash and Adaptive Flash arrays and InfoSight predictive analytics with integrated support and service offerings. It enables IT organizations to optimize performance, capacity and cost for all applications running across the data center and maintain a 99.9997% measured uptime with InfoSight cloud-based management software. Adaptive Flash that it believes is disrupting the market by enabling improvements in application performance and storage capacity with superior data protection, while simplifying business operations and lowering costs. With the combination of the Company's file system, CASL, and its cloud-based storage management and support service, InfoSight, the Company's platform serves a broad array of enterprises and cloud-based service providers, and the Company's software and storage systems effectively handle mainstream applications, including virtual desktops, databases, email, collaboration and analytics. Its storage systems are optimized for the mainstream IT applications used by mid-sized enterprises, large enterprises and cloud-based service providers. The Company offers a CS-Series of systems with a range of capacities and processing power. Its systems provide adaptive performance for high-I/O applications and high-capacity environments, including Exchange, Oracle, SharePoint, SQL Server, virtual desktop infrastructure, or VDI, and server virtualization. The Company packages its CASL file system software with all of its systems and offer InfoSight as a service to all its customers. Its products include CS210, CS215, CS300, CS500, CS700, ES-1 Expansion Shelves and All-Flash Shelf. Its contract manufacturer generally procures the components used in its products directly from third-party suppliers. Its marketing strategies include product marketing, programs marketing, field marketing, channel marketing, and public relations functions. Marketing activities include demand generation, advertising, managing its partner portal, trade shows and conferences, press and analyst relations, and customer awareness. The Company competes to a lesser extent with a number of other smaller companies and certain well-established companies. Its competitors fall into two categories which includes large storage system vendors such as EMC and NetApp that offer a broad portfolio of storage systems targeting varied use cases and end markets; and large systems companies such as Dell and HP that have acquired specialist storage vendors in recent years to complement their internally-developed storage offerings and have the technical and financial resources to bring competitive products to the market. The Company have registered the trademark Nimble Storage in the Un
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