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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.
Myos Rens Technology has a Altman Z-Score of -14.62, 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 Myos Rens Technology's Altman Z-Score or its related term are showing as below:
The historical data trend for Myos Rens Technology'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.
Myos Rens Technology Annual Data | |||||||||||||||||||||
Trend | Dec10 | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | |||||||||||
Altman Z-Score | Get a 7-Day Free Trial | 17.01 | 62.40 | 132.32 | 33.01 | 20.66 |
Myos Rens Technology Quarterly Data | ||||||||||||||||||||
Dec15 | Mar16 | Jun16 | Sep16 | Dec16 | Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | |
Altman Z-Score | Get a 7-Day Free Trial | 61.05 | 20.66 | 55.36 | 44.57 | 75.04 |
For the Drug Manufacturers - Specialty & Generic subindustry, Myos Rens Technology'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.
For the Drug Manufacturers industry and Healthcare sector, Myos Rens Technology's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Myos Rens Technology's Altman Z-Score falls into.
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.
Myos Rens Technology'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 | * | 0.4447 | + | 1.4 | * | -12.733 | + | 3.3 | * | -1.1042 | + | 0.6 | * | 9.7808 | + | 1.0 | * | 0.452 | |
= | -14.62 |
* 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 Sep. 2020:
Total Assets was $3.28 Mil.
Total Current Assets was $2.31 Mil.
Total Current Liabilities was $0.85 Mil.
Retained Earnings was $-41.78 Mil.
Pre-Tax Income was -0.815 + -0.771 + -0.866 + -1.187 = $-3.64 Mil.
Interest Expense was -0.007 + 0 + 0 + -0.009 = $-0.02 Mil.
Revenue was 0.485 + 0.329 + 0.29 + 0.379 = $1.48 Mil.
Market Cap (Today) was $12.31 Mil.
Total Liabilities was $1.26 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 | |
= | (2.313 - 0.854) | / | 3.281 | |
= | 0.4447 |
X2 | = | Retained Earnings | / | Total Assets |
= | -41.777 | / | 3.281 | |
= | -12.733 |
X3 | = | Earnings Before Interest and Taxes | / | Total Assets |
= | (Pre-Tax Income - Interest Expense) | / | Total Assets | |
= | (-3.639 - -0.016) | / | 3.281 | |
= | -1.1042 |
X4 | = | Market Value Equity | / | Book Value of Total Liabilities |
= | Market Cap | / | Total Liabilities | |
= | 12.314 | / | 1.259 | |
= | 9.7808 |
X5 | = | Revenue | / | Total Assets |
= | 1.483 | / | 3.281 | |
= | 0.452 |
The zones of discrimination were as such:
Distress Zones - 1.81 < Grey Zones < 2.99 - Safe Zones
Myos Rens Technology has a Altman Z-Score of -14.62 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.
Myos Rens Technology (NAS:MYOS) 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.
Thank you for viewing the detailed overview of Myos Rens Technology's Altman Z-Score provided by GuruFocus.com. Please click on the following links to see related term pages.
Joseph Mannello | director, officer: Chief Executive Officer | C/O BREAN CAPITAL, LLC, 1345 AVENUE OF THE AMERICAS, 29TH FLOOR, NEW YORK NY 10105 |
Victor E Mandel | director | PO BOX 5962, WASHINGTON DC 20016 |
Robert J Hariri | director | 341 MENDHAM ROAD, BERNARDSVILLE NJ 07924 |
Christopher Pechock | director | C/O MATLINPATTERSON GLOBAL ADVISORS INC, 520 MADISON AVE, NEW YORK NY 10022-4213 |
Christopher C Dewey | director | 120 BROADWAY, 27TH FLOOR, NEW YORK NY 10271 |
Louis J. Aronne | director | 4640 ADMIRALTY, SUITE 500, MARINA DEL RAY CA 90292 |
Eric Zaltas | director | 45 HORSEHILL ROAD SUITE 106, CEDAR KNOLLS NJ 07927 |
Andrew Joel Ponte | director | 45 HORSEHILL ROAD, SUITE 106, CEDAR KNOLLS NJ 07927 |
David J Matlin | 10 percent owner | |
John Nosta | director | 45 HORSEHILL ROAD, SUITE 106, CEDAR KNOLLS NJ 07927 |
Zhengguang Lyu | director | 16TH FLOOR, BUILDING A, FENGHUO PLAZA, NO.88 YUN LONG SHAN ROAD, NANJING F4 210019 |
Ren Ren | director, 10 percent owner | 16TH FLOOR, BUILDING A, FENGHUO PLAZA, NO.88 YUN LONG SHAN ROAD, NANJING F4 210019 |
Rens Technology Inc | 10 percent owner | 150 DRAKE STREET ROOM 7F, POMONA CA 91767 |
Rens Agriculture Science & Technology Co, Ltd | 10 percent owner | 16TH FLOOR, BUILDING A, FENGHUO PLAZA, NO.88 YUN LONG SHAN ROAD, NANJING F4 210019 |
Guiying Zhao | director | 16TH FLOOR, BUILDING A, FENGHUO PLAZA, NO.88 YUN LONG SHAN ROAD, NANJING F4 210019 |
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