What is Intermolecular 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, Intermolecular's Probability of Financial Distress (%) is 0.00%.
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 Intermolecular's Probability of Financial Distress (%)
For the Semiconductor Equipment & Materials subindustry, Intermolecular'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.
Intermolecular's Probability of Financial Distress (%) Distribution in the Semiconductors Industry
For the Semiconductors industry and Technology sector, Intermolecular's Probability of Financial Distress (%) distribution charts can be found below:
* The bar in red indicates where Intermolecular's Probability of Financial Distress (%) falls into.
Intermolecular 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 |
| = | 0.00 |
The Probability of Financial Distress (%) (PFD) was then obtianed by:
| PFD | = | 1 | / | (1 + e^(-LPFD)) | * | 100% |
| = | 0.00% |
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).
Intermolecular (Intermolecular) Business Description
Traded in Other Exchanges
N/A
Address
3011 North First Street, San Jose, CA, USA, 95134
Intermolecular Inc operates in the technology sector based in the United States. It manufactures and sells support materials for the semiconductor industry. Its HPC platform, which consists of the Tempus processing tools, automated characterization methods and Informatics analysis software, is purpose-built for research and development ("R&D") using combinatorial process systems in concert with established CVD, physical vapor deposition ("PVD") and atomic layer deposition ("ALD") deposition methods. It caters to semiconductor device, semiconductor materials and equipment and clean energy market companies primarily in the Asia-Pacific region.
Executives
| Raging Capital Management, Llc |
10 percent owner |
TEN PRINCETON AVENUE, PO BOX 228, ROCKY HILL NJ 08553-0228 |
| Christian Kramer |
director, officer: President and CEO |
6 DAVIS AVE APT B22, RYE NY 10580 |
| Irwin Federman |
10 percent owner |
2735 SAND HILL ROAD, MENLO PARK CA 94025 |
| Kenneth H Traub |
director |
|
| William C Martin |
10 percent owner |
C/O RAGING CAPITAL MANAGEMENT, LLC, TEN PRINCETON AVENUE, PO BOX 228, ROCKY HILL NJ 08553 |
| Bill Roeschlein |
officer: Chief Financial Officer |
C/O SELECTICA, INC., 3 WEST PLUMERIA, SAN JOSE CA 95134 |
| George Scalise |
director |
|
| Marvin D Burkett |
director |
C/O ENTEGRIS, INC., 129 CONCORD ROAD, BILLERICA MA 01821 |
| Redpoint Ventures Ii, L.p. |
10 percent owner |
3000 SAND HILL ROAD, BUILDING 2, SUITE 290, MENLO PARK CA 94025 |
| Redpoint Associates Ii, Llc |
10 percent owner |
3000 SAND HILL ROAD, BUILDING 2, SUITE 290, MENLO PARK CA 94025 |
| Redpoint Ventures Ii, Llc |
10 percent owner |
3000 SAND HILL ROAD, BUILDING 2, SUITE 290, MENLO PARK CA 94025 |
| Neil S Subin |
other: Former 10% Owner |
2336 S.E. OCEAN BOULEVARD, #400, STUART FL 34996 |
| Presidio Management Group Ix, L.l.c. |
10 percent owner |
2735 SAND HILL ROAD, MENLO PARK CA 94025 |
| Steven M Krausz |
10 percent owner |
2735 SAND HILL ROAD, MENLO PARK CA 94025 |
| U S Venture Partners Ix L P |
10 percent owner |
2735 SAND HILL RD, MENLO PARK CA 94025 |
Intermolecular (Intermolecular) Headlines
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