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Empresas ICAB de CV (Empresas ICAB de CV) Altman Z-Score : -0.24 (As of Apr. 26, 2024)


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What is Empresas ICAB de CV 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.

Empresas ICAB de CV has a Altman Z-Score of -0.24, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.

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 Empresas ICAB de CV's Altman Z-Score or its related term are showing as below:


Empresas ICAB de CV Altman Z-Score Historical Data

The historical data trend for Empresas ICAB de CV'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.

Empresas ICAB de CV Altman Z-Score Chart

Empresas ICAB de CV Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.71 0.69 0.55 -0.56 -0.51

Empresas ICAB de CV Quarterly Data
Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17
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 -0.30 -0.45 -0.45 -0.51 -0.24

Competitive Comparison of Empresas ICAB de CV's Altman Z-Score

For the Engineering & Construction subindustry, Empresas ICAB de CV'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.


Empresas ICAB de CV's Altman Z-Score Distribution in the Construction Industry

For the Construction industry and Industrials sector, Empresas ICAB de CV's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Empresas ICAB de CV's Altman Z-Score falls into.



Empresas ICAB de CV 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.

Empresas ICAB de CV'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*-0.3168+1.4*0+3.3*-0.0174+0.6*0.0001+1.0*0.1997
=-0.24

* 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 Mar. 2017:
Total Assets was $5,788 Mil.
Total Current Assets was $1,540 Mil.
Total Current Liabilities was $3,374 Mil.
Retained Earnings was $0 Mil.
Pre-Tax Income was 67.077 + -253.068 + -155.879 + -144.808 = $-487 Mil.
Interest Expense was -96.394 + -106.057 + -106.695 + -76.946 = $-386 Mil.
Revenue was 326.358 + 282.285 + 261.695 + 285.56 = $1,156 Mil.
Market Cap (Today) was $1 Mil.
Total Liabilities was $5,580 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
=(1540.496 - 3373.998)/5788.305
=-0.3168

X2=Retained Earnings/Total Assets
=0/5788.305
=0

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(-486.678 - -386.092)/5788.305
=-0.0174

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=0.764/5579.585
=0.0001

X5=Revenue/Total Assets
=1155.898/5788.305
=0.1997

The zones of discrimination were as such:

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

Empresas ICAB de CV has a Altman Z-Score of -0.24 indicating it is in Distress Zones.

Study by Altman found that companies that are in Distress Zone have more than 80% of chances of bankruptcy in two years.


Empresas ICAB de CV  (OTCPK:ICAYY) 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.


Empresas ICAB de CV Altman Z-Score Related Terms

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Empresas ICAB de CV (Empresas ICAB de CV) Business Description

Traded in Other Exchanges
N/A
Address
Boulevard Manuel Avila Camacho 36, Col. Lomas de Chapultepec, Delegation Miguel Hidalgo, Mexico City, DF, MEX, 11000
Empresas ICA SAB de CV is an engineering, procurement, and construction company. It provides construction and related services which includes development and construction of infrastructure facilities, industrial and urban construction, construction, maintenance and operation of airports, highways, social infrastructure and tunnels and operation and management of water supply and waste disposal systems. The company has Civil construction, Industrial construction, Airports, Concessions and Corporate and Other segments. It derives the majority of its revenues from Civil construction segment.

Empresas ICAB de CV (Empresas ICAB de CV) Headlines

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