Ittefaq Iron Industries (KAR:ITTEFAQ) Probability of Financial Distress (%)

Ittefaq Iron Industries Probability of Financial Distress (%) Chart

Competitive Comparison of Ittefaq Iron Industries's Probability of Financial Distress (%)

For the Steel subindustry, Ittefaq Iron Industries'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.

Ittefaq Iron Industries's Probability of Financial Distress (%) Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Ittefaq Iron Industries's Probability of Financial Distress (%) distribution charts can be found below:

* The bar in red indicates where Ittefaq Iron Industries's Probability of Financial Distress (%) falls into.

Ittefaq Iron Industries  (KAR:ITTEFAQ) 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.

Ittefaq Iron Industries Probability of Financial Distress (%) Related Terms

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Ittefaq Iron Industries Business Description