What is Atlas Energy Group LLC 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, Atlas Energy Group LLC's Probability of Financial Distress (%) is 1.85%.
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 Atlas Energy Group LLC's Probability of Financial Distress (%)
For the Oil & Gas E&P subindustry, Atlas Energy Group LLC'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.
Atlas Energy Group LLC's Probability of Financial Distress (%) Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Atlas Energy Group LLC's Probability of Financial Distress (%) distribution charts can be found below:
* The bar in red indicates where Atlas Energy Group LLC's Probability of Financial Distress (%) falls into.
Atlas Energy Group LLC 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 |
| = | -3.97 |
The Probability of Financial Distress (%) (PFD) was then obtianed by:
| PFD | = | 1 | / | (1 + e^(-LPFD)) | * | 100% |
| = | 1.85% |
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).
Atlas Energy Group LLC (Atlas Energy Group LLC) Business Description
Traded in Other Exchanges
N/A
Address
425 Houston Street, Suite 300, Fort Worth, TX, USA, 76102
Atlas Energy Group LLC is active in the oil and gas market. It is an energy management company, which acquires and develops upstream and midstream oil and gas assets. It is an independent developer and producer of natural gas, crude oil, and natural gas liquids. The company conducts natural gas and oil operations in the mid-continent region of the United States and owns interests in Lightfoot Capital Partners, L.P. and Lightfoot Capital Partners GP, LLC.
Executives
| Leon G Cooperman |
10 percent owner |
7118 MELROSE CASTLE LANE, BOCA RATON FL 33496 |
| Matthew Finkbeiner |
officer: Chief Accounting Officer |
1000 COMMERCE DRIVE, 4TH FLOOR, PITTSBURGH PA 15275 |
| Jonathan Z Cohen |
director, officer: Executive Chairman |
1845 WALNUT STREET, 10TH FLOOR, PHILADELPHIA PA 19103 |
| Edward E Cohen |
director, officer: CEO |
RESOURCE AMERICA INC, 1845 WALNUT ST, PHILADELPHIA PA 19103 |
| Daniel C Herz |
officer: President |
1845 WALNUT STREET, 10TH FLOOR, PHILADELPHIA PA 19103 |
| Jeffrey M Slotterback |
officer: Chief Accounting Officer |
1845 WALNUT STREET, 10TH FLOOR, PHILADELPHIA PA 19103 |
| Lisa Washington |
officer: VP, CLO & Secretary |
311 ROUSER ROAD, MOON TOWNSHIP PA 15108 |
| Mark D Schumacher |
officer: Senior Vice President |
1845 WALNUT STREET, PHILADELPHIA PA 19103 |
| Ellen Warren |
director |
311 ROUSER ROAD, MOON TOWNSHIP PA 15108 |
| Dolly Ann Craig |
director |
1845 WALNUT STREET, 10TH FLOOR, PHILADELPHIA PA 19103 |
| Holtz Dennis A Esq |
director |
|
| Mark C Biderman |
director |
NATIONAL FINANCIAL PARTNERS CORP, 340 MADISON AVENUE, 19TH FL, NEW YORK NY 10173 |
| Jeffrey F Kupfer |
director |
1845 WALNUT STREET 10FLOOR, PHILADELAPHIA PA 19103 |
| Walter C Jones |
director |
311 ROUSER ROAD, MOON TOWNSHIP PA 15108 |
| Freddie M Kotek |
officer: Senior Vice President |
RESOURCE AMERICA, 1845 WALNUT ST, PHILADELPHIA PA 19103 |
Atlas Energy Group LLC (Atlas Energy Group LLC) Headlines
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