What is Tuesday Morning 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, Tuesday Morning'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 Tuesday Morning's Probability of Financial Distress (%)
For the Discount Stores subindustry, Tuesday Morning'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.
Tuesday Morning's Probability of Financial Distress (%) Distribution in the Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Tuesday Morning's Probability of Financial Distress (%) distribution charts can be found below:
* The bar in red indicates where Tuesday Morning's Probability of Financial Distress (%) falls into.
Tuesday Morning 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).
Tuesday Morning (Tuesday Morning) Business Description
Traded in Other Exchanges
N/A
Address
6250 LBJ Freeway, Dallas, TX, USA, 75240
Tuesday Morning Corp is a retail chain company. It specializes in both domestic and international closeouts of medium to high-end name brand gifts, luxury home textiles, home furnishings, housewares and seasonal decor.
Executives
| Osmium Partners, Llc |
director, 10 percent owner |
300 DRAKES LANDING ROAD, SUITE 172, GREENBRAE CA 94904 |
| Zhong John Zhang |
director |
6250 LBJ FWY, DALLAS TX 75240 |
| Andrew Berger |
director |
84 ELM STREET, WESTFIELD NJ 07090 |
| Michael Onghai |
director |
122 WEST 26TH ST. 5TH FLOOR, NEW YORK NY 10001 |
| James Harris |
director |
10 FARADAY, IRVINE CA 92618 |
| Maya Burkenroad |
director |
C/O WILHELMINA INTERNATIONAL, INC., 200 CRESCENT COURT, SUITE 1400, DALLAS TX 75201 |
| Sandip Patel |
director |
1010 N. FLORIDA AVE., TAMPA FL 33602 |
| Clicks To Bricks, Llc |
10 percent owner, other: Member of 10% owner group |
1680 MICHIGAN AVE, SUITE 700, MIAMI BEACH FL 33139 |
| Tm21, Llc |
director, 10 percent owner, other: Member of 10% owner group |
1010 N. FLORIDA AVE., TAMPA FL 33602 |
| Ayon Capital, L.l.c. |
director, 10 percent owner, other: Member of 10% owner group |
1010 N. FLORIDA AVE., TAMPA FL 33602 |
| Tascr Ventures, Llc |
director, 10 percent owner, other: Member of 10% owner group |
1010 NORTH FLORIDA AVENUE, TAMPA FL 33602 |
| Alexander Mehr |
director, 10 percent owner, other: Member of 10% owner group |
C/O ZOOSK, INC., 989 MARKET STREET, FIFTH FLOOR, SAN FRANCISCO CA 94103 |
| Retail Ecommerce Ventures Llc |
director, 10 percent owner, other: Member of 10% owner group |
1680 MICHIGAN AVENUE, SUITE 700, MIAMI BEACH FL 33139 |
| Tai Lopez |
director, 10 percent owner, other: Member of 10% owner group |
C/O WILHELMINA INTERNATIONAL, INC., 200 CRESCENT COURT, SUITE 1400, DALLAS TX 75201 |
| Marcelo Podesta |
director |
6250 LBJ FREEWAY, DALLAS TX 75240 |
Tuesday Morning (Tuesday Morning) Headlines
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
TUEMQ has been successfully added to your