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Uniroyal Global Engineered Products (Uniroyal Global Engineered Products) Probability of Financial Distress (%) : 0.00% (As of Apr. 27, 2024)


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What is Uniroyal Global Engineered Products 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, Uniroyal Global Engineered Products'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 Uniroyal Global Engineered Products's Probability of Financial Distress (%)

For the Textile Manufacturing subindustry, Uniroyal Global Engineered Products'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.


Uniroyal Global Engineered Products's Probability of Financial Distress (%) Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Uniroyal Global Engineered Products's Probability of Financial Distress (%) distribution charts can be found below:

* The bar in red indicates where Uniroyal Global Engineered Products's Probability of Financial Distress (%) falls into.



Uniroyal Global Engineered Products 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

NIMTAAVG=Net Income / Market Total Assets
=Net Income / (Market Cap + Total Liabilities)

*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

TLMTA=Total Liabilities / Market Total Assets

3. CASHMTA = Cash to Market Total Assets

For non-financial companies, CASHMTA is measured as:

CASHMTA=Cash, Cash Equivalents, Marketable Securities / Market Total Assets

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).


Uniroyal Global Engineered Products  (OTCPK:UNIR) 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.


Uniroyal Global Engineered Products Probability of Financial Distress (%) Related Terms

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Uniroyal Global Engineered Products (Uniroyal Global Engineered Products) Business Description

Traded in Other Exchanges
N/A
Address
1800 2nd Street, Suite 970, Sarasota, FL, USA, 34236
Uniroyal Global Engineered Products Inc manufactures vinyl coated fabric products from casting paper, knit fabric, PVC plastic resins, pigments and plasticizers. Its brand name includes Naugahyde, BeautyGard, Flameblocker, Spirit Millennium, Ambla, Amblon, Velbex, Plastolene, and Vynide. The company's products are used in automotive and non-automotive transportation, certain indoor/outdoor furniture, commercial and hospitality seating, healthcare facilities and athletic equipment for seating, door panels, head and arm rests, security shades and trim components, and sheeting used in medical, nuclear protection, personal protection, moisture barriers, pram and nursery, movie screen and decorative surface applications. Geographically, it derives a majority of revenue from North America.
Executives
Howard R Curd director, 10 percent owner, officer: Chief Executive Officer
George Louis Sanchez officer: Executive Vice President - sub 5414 WHITE BLAZE TERRACE, PARRISH FL 34219
Oliver James Janney officer: Secretary and General Counsel 1800 2ND ST., SUITE 970, SARASOTA FL 34236
Howard F Curd other: officer of subsidiary
John E Scates director 3121 FAIRGATE DRIVE, CARROLLTON TX 75007
Gregory J Newell director 326 W. SHORELINE COURT, VINEYARD UT 84058
Elizabeth A Henson officer: VP OF OPERATIONS 5100 HIDDEN SPRINGS AVENUE, SARASOTA FL 34234
Edmund King director, officer: CEO, CFO & PRESIDENT 258 VINEYARD LANE, MESQUITE NV 89027
Centurian Investors, Inc. 10 percent owner 1800 2ND STREET, SUITE 970, SARASOTA FL 34236
David J Benedetti officer: CFO, Secretary, Treasurer 4400 INDEPENDENCE COURT, SARASOTA FL 34234
Joseph Movizzo director 4400 INDEPENDENCE COURT, SARASOTA FL 34234
Herbert M Lustig director, officer: CEO and President 6935 15TH STREET EAST, SUITE 120, SARASOTA FL 34243
Carl A Parks officer: VICE PRESIDENT 11122 3RD AVENUE, BRADENTON FL 34212
Charles Yanak officer: VICE PRESIDENT 1001 DOANS WAY, BLUE BELL PA 19422
Duffey Elizabeth Rosemary Irrevocable Tr U/a/d/ July 29 1998 10 percent owner 4400 INDEPENDENCE COURT, SARASOTA FL 34234

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