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Majan College (University College)OG (MUS:BACS) Altman Z-Score : 5.19 (As of May. 24, 2024)


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What is Majan College (University College)OG 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.

Good Sign:

Altman Z-score of 5.19 is strong.

Majan College (University College)OG has a Altman Z-Score of 5.19, indicating it is in Safe Zones. This implies the Altman Z-Score is strong.

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 Majan College (University College)OG's Altman Z-Score or its related term are showing as below:

MUS:BACS' s Altman Z-Score Range Over the Past 10 Years
Min: 3.57   Med: 5.12   Max: 7.12
Current: 5.19

During the past 13 years, Majan College (University College)OG's highest Altman Z-Score was 7.12. The lowest was 3.57. And the median was 5.12.


Majan College (University College)OG Altman Z-Score Historical Data

The historical data trend for Majan College (University College)OG'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.

Majan College (University College)OG Altman Z-Score Chart

Majan College (University College)OG Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.57 5.19 6.37 7.12 4.99

Majan College (University College)OG Semi-Annual Data
Aug06 Aug07 Aug08 Aug09 Aug10 Aug11 Aug12 Aug13 Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
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 3.57 5.19 6.37 7.12 4.99

Competitive Comparison of Majan College (University College)OG's Altman Z-Score

For the Education & Training Services subindustry, Majan College (University College)OG'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.


Majan College (University College)OG's Altman Z-Score Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Majan College (University College)OG's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Majan College (University College)OG's Altman Z-Score falls into.



Majan College (University College)OG 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.

Majan College (University College)OG'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*0.6994+1.4*0.128+3.3*0.042+0.6*6.2651+1.0*0.2735
=5.19

* 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 Aug. 2023:
Total Assets was ر.ع14.01 Mil.
Total Current Assets was ر.ع10.50 Mil.
Total Current Liabilities was ر.ع0.71 Mil.
Retained Earnings was ر.ع1.79 Mil.
Pre-Tax Income was ر.ع0.59 Mil.
Interest Expense was ر.ع-0.00 Mil.
Revenue was ر.ع3.83 Mil.
Market Cap (Today) was ر.ع9.97 Mil.
Total Liabilities was ر.ع1.59 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
=(10.501 - 0.705)/14.006
=0.6994

X2=Retained Earnings/Total Assets
=1.793/14.006
=0.128

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(0.586 - -0.002)/14.006
=0.042

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=9.974/1.592
=6.2651

X5=Revenue/Total Assets
=3.831/14.006
=0.2735

The zones of discrimination were as such:

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

Majan College (University College)OG has a Altman Z-Score of 5.19 indicating it is in Safe Zones.

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


Majan College (University College)OG  (MUS:BACS) 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.


Majan College (University College)OG Altman Z-Score Related Terms

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Majan College (University College)OG (MUS:BACS) Business Description

Traded in Other Exchanges
N/A
Address
Building No 1986, Way No. 2621, P.O Box: 710, Ruwi, Mutrah, Muscat, OMN, 112
Majan College (University College) SAOG engages in the fields of management sciences, and scientific research, and provides education to students in the Sultanate of Oman. The company offers programs at both undergraduate and postgraduate levels. Majan College (University College) SAOG provides its undergraduate programs in Business Administration with several pathways like Finance, Accounting, Banking and Finance, Computer and Internet Applications, Networking, Computing with 3 pathways, and English Language. The Master's programs offered include Business Administration, Computer Sciences, and International Human Resources Management.

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