First Al-Noor Modaraba (KAR:FANM) Probability of Financial Distress (%)


What is First Al-Noor Modaraba Probability of Financial Distress (%)?

First Al-Noor Modaraba does not have enough data to calculate Probability of Financial Distress (%).

First Al-Noor Modaraba  (KAR:FANM) Probability of Financial Distress (%) Explanation

Like the Altman Z-Score, the PFD measures a company's bankruptcy risk in the upcoming year. 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.

First Al-Noor Modaraba Probability of Financial Distress (%) Related Terms

First Al-Noor Modaraba Probability of Financial Distress (%) Historical Data

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The historical data trend for First Al-Noor Modaraba's Probability of Financial Distress (%) 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.

First Al-Noor Modaraba Probability of Financial Distress (%) Chart

First Al-Noor Modaraba Annual Data
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First Al-Noor Modaraba Quarterly Data
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First Al-Noor Modaraba Probability of Financial Distress (%) Competitor Comparison

For the Credit Services subindustry, First Al-Noor Modaraba'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.

First Al-Noor Modaraba Probability of Financial Distress (%) vs Credit Services Industry

For the Credit Services industry and Financial Services sector, First Al-Noor Modaraba's Probability of Financial Distress (%) distribution charts can be found below:

* The bar in red indicates where First Al-Noor Modaraba's Probability of Financial Distress (%) falls into.


First Al-Noor Modaraba Business Description

Address 96-A, Sindhi Muslim Cooperative Housing Society, Karachi, SD, PAK, 7440
First Al-Noor Modaraba provides Islamic financial services like ijarah financing, musharikah, diminishing musharkah, murabaha, musawamah, modaraba. It is also engaged in equity investment, Ijarah, and trading activities. The firm operates in four segments namely: Trading; Financing; Investments; and Ijarah. Substantial revenue accrues from the Trading and Investments division.