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Union Gas (TSX:UNG.PR.D.PFD) Probability of Financial Distress (%)


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What is Union Gas Probability of Financial Distress (%)?

Union Gas does not have enough data to calculate Probability of Financial Distress (%).

Union Gas Probability of Financial Distress (%) Historical Data

The historical data trend for Union Gas'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.

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Union Gas Probability of Financial Distress (%) Chart

Union Gas Annual Data
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Union Gas Quarterly Data
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Competitive Comparison of Union Gas's Probability of Financial Distress (%)

For the Utilities - Regulated Gas subindustry, Union Gas'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.

Union Gas's Probability of Financial Distress (%) Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Union Gas's Probability of Financial Distress (%) distribution charts can be found below:

* The bar in red indicates where Union Gas's Probability of Financial Distress (%) falls into.


Union Gas  (TSX:UNG.PR.D.PFD) 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.

Union Gas Probability of Financial Distress (%) Related Terms

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Union Gas (TSX:UNG.PR.D.PFD) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Union Gas Ltd (TSX:UNG.PR.D.PFD) » Definitions » Probability of Financial Distress (%)
Comparable Companies
TSXV:CFY TSX:VNR
Traded in Other Exchanges
N/A
Address
50 Keil Drive North, Chatham, ON, CAN, N7M 5M1
Website
http://www.uniongas.com
Union Gas Ltd provides natural gas storage, distribution, and transmission services in Canada. It owns and operates natural gas distribution, storage and transmission facilities in Ontario. The company distributes natural gas to customers in northern, southwestern and eastern Ontario, and provides natural gas storage and transportation services to other utilities and energy market participants. The distribution business serves approximately 1.4 million residential, commercial and industrial customers in over 400 communities across northern, southwestern and eastern Ontario. Union Gas' storage and transmission business offer a range of storage and transportation services to customers at the Dawn Hub (Dawn).

Union Gas (TSX:UNG.PR.D.PFD) Headlines

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