What is The Glimpse Group 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, The Glimpse Group's Probability of Financial Distress (%) is 0.33%.
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 The Glimpse Group's Probability of Financial Distress (%)
For the Software - Infrastructure subindustry, The Glimpse Group'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.
The Glimpse Group's Probability of Financial Distress (%) Distribution in the Software Industry
For the Software industry and Technology sector, The Glimpse Group's Probability of Financial Distress (%) distribution charts can be found below:
* The bar in red indicates where The Glimpse Group's Probability of Financial Distress (%) falls into.
The Glimpse Group 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 |
| = | -5.71 |
The Probability of Financial Distress (%) (PFD) was then obtianed by:
| PFD | = | 1 | / | (1 + e^(-LPFD)) | * | 100% |
| = | 0.33% |
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).
The Glimpse Group (The Glimpse Group) Business Description
Traded in Other Exchanges
Address
15 West 38th Street, 12th Floor, New York, NY, USA, 10018
The Glimpse Group Inc is a diversified Virtual and Augmented Reality platform company, comprised of multiple VR and AR software and services companies, and designed with the specific purpose of cultivating companies in the emerging VR/AR industry.
Executives
| Lemuel Amen |
director |
15 WEST 38TH STREET, 9TH FLOOR, NEW YORK NY 10018 |
| Tyler Gates |
officer: Chief Futurist Officer |
4154 36TH STREET, ARLINGTON VA 22206 |
| Alexander Ruckdaeschel |
director |
123 EAST 83RD STREET, APT 3-B, NEW YORK NY 10028 |
| Jeffrey Ralph Meisner |
director, officer: Chief Revenue Officer |
401 PALLADIAN BLVD., SOUTHLAKE TX 76092 |
| Lyron L Bentovim |
director, 10 percent owner, officer: President & CEO |
60 CUTTER MILL ROAD, GREAT NECK, NEW YORK NY 11021 |
| Maydan Rothblum |
director, officer: Chief Financial Officer & COO |
19655 DESCARTES, FOOTHILL RANCH CA 92610 |
| Jeffrey D. Enslin |
director |
15 WEST 38TH STREET, 9TH FLOOR, NEW YORK NY 10018 |
| Ian Morgan Charles |
director |
35 ANTILLES WAY, TIBURON CA 94920 |
| David John Smith |
director, 10 percent owner, officer: Chief Creative Officer |
15 WEST 38TH STREET, 9TH FLOOR, NEW YORK NY 10018 |
| Sharon T Rowlands |
director |
195 BROADWAY, NEW YORK NY 10007 |
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