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Bluescape Opportunities Acquisition (Bluescape Opportunities Acquisition) Altman Z2-Score : 1.98 (As of Jun. 19, 2024)


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What is Bluescape Opportunities Acquisition Altman Z2-Score?

Altman Z2-Score, also known as Z"-Score, is used to predict the likelihood that a non-manufacturing company (excluding property/financial company) will face bankruptcy within a two-year period.

Bluescape Opportunities Acquisition has a Altman Z2-Score of 1.98, indicating it is in Grey Zones. This implies that Bluescape Opportunities Acquisition is in some kind of financial stress. If it is below 1.1, the company may face bankrupcy risk.

The zones of discrimination were as such:

When Altman Z2-Score <= 1.1, it is in Distress Zones.
When Altman Z2-Score >= 2.6, it is in Safe Zones.
When Altman Z2-Score is between 1.1 and 2.6, it is in Grey Zones.

The historical rank and industry rank for Bluescape Opportunities Acquisition's Altman Z2-Score or its related term are showing as below:

BOAC' s Altman Z2-Score Range Over the Past 10 Years
Min: 1.49   Med: 6.61   Max: 20.17
Current: 1.98

During the past 3 years, Bluescape Opportunities Acquisition's highest Altman Z2-Score was 20.17. The lowest was 1.49. And the median was 6.61.


Bluescape Opportunities Acquisition Altman Z2-Score Historical Data

The historical data trend for Bluescape Opportunities Acquisition's Altman Z2-Score 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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Bluescape Opportunities Acquisition Altman Z2-Score Chart

Bluescape Opportunities Acquisition Annual Data
Trend Dec20 Dec21 Dec22
Altman Z2-Score
- 10.03 3.41

Bluescape Opportunities Acquisition Quarterly Data
Jul20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23
Altman Z2-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 20.17 4.33 3.41 1.49 1.98

Competitive Comparison of Bluescape Opportunities Acquisition's Altman Z2-Score

For the Shell Companies subindustry, Bluescape Opportunities Acquisition's Altman Z2-Score, along with its competitors' market caps and Altman Z2-Score 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.


Bluescape Opportunities Acquisition's Altman Z2-Score Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Bluescape Opportunities Acquisition's Altman Z2-Score distribution charts can be found below:

* The bar in red indicates where Bluescape Opportunities Acquisition's Altman Z2-Score falls into.



Bluescape Opportunities Acquisition Altman Z2-Score Calculation

Altman Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.

Z2-Score, also known as Z"-Score is the Z-Score for non-manufacturing companies excluding property/financial companies.

Bluescape Opportunities Acquisition's Altman Z2-Score for today is calculated with this formula:

Z=6.56*X1+3.26*X2+6.72*X3+1.05*X4_2
=6.56*-0.0004+3.26*-0.3139+6.72*0.1164+1.05*2.116
=1.98

* 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. GuruFocus does not calculate Altman Z2-Score when X4_2 value is 0.

Trailing Twelve Months (TTM) ended in Jun. 2023:
Total Assets was $74.94 Mil.
Total Current Assets was $0.53 Mil.
Total Current Liabilities was $0.56 Mil.
Retained Earnings was $-23.52 Mil.
Pre-Tax Income was 4.234 + 0.279 + -1.15 + 5.359 = $8.72 Mil.
Interest Expense was 0 + 0 + 0 + 0 = $0.00 Mil.
Total Liabilities was $24.05 Mil.

* Note that for stock reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data.

X1=Working Capital/Total Assets
=(Total Current Assets - Total Current Liabilities)/Total Assets
=(0.527 - 0.56)/74.936
=-0.0004

X2=Retained Earnings/Total Assets
=-23.523/74.936
=-0.3139

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(8.722 - 0)/74.936
=0.1164

X4_2=Net Worth/Total Liabilities
=(Total Stockholders Equity - Preferred Stock)/Total Liabilities
=(50.887 - 0)/24.049
=2.116

The zones of discrimination were as such:

Distress Zones - 1.1 < Grey Zones < 2.6 - Safe Zones

Bluescape Opportunities Acquisition has a Altman Z2-Score of 1.98 indicating it is in Grey Zones.


Bluescape Opportunities Acquisition  (NYSE:BOAC) Altman Z2-Score Explanation

The original Z-Score model was based on publicly traded manufacturing companies while the Z2-Score, also known as Z"-score can be used for any type of company excluding property/financial companies. Both Z-Score and Z2-Score describes the financial health of a company, and its likelihood of financial distress.

X1: The Working Capital/Total Assets (WC/TA) ratio is a measure of the net liquid assets of the firm relative to the total capitalization. Working capital is defined as the difference between current assets and current liabilities. Ordinarily, a firm experiencing consistent operating losses will have shrinking current assets in relation to total assets. Altman found this one proved to be the most valuable liquidity ratio comparing with the current ratio and the quick ratio. This is however the least significant of the five factors.

X2: Retained Earnings/Total Assets: the RE/TA ratio measures the leverage of a firm. Retained earnings is the account which reports the total amount of reinvested earnings and/or losses of a firm over its entire life. Those firms with high RE, relative to TA, have financed their assets through retention of profits and have not utilized as much debt.

X3, Earnings Before Interest and Taxes/Total Assets (EBIT/TA): This ratio is a measure of the true productivity of the firm's assets, independent of any tax or leverage factors. Since a firm's ultimate existence is based on the earning power of its assets, this ratio appears to be particularly appropriate for studies dealing with corporate failure. This ratio continually outperforms other profitability measures, including cash flow.

X4_2, Net Worth (Total Stockholders Equity - Preferred Stock)/Total Liabilities (NW/TL): it compares a company’s stock net worth with its total liabilities and can be used to assess the extent of its reliance on debt.

Read more about Altman Z2-Score, the original research on Z-Score and the additional research on Z2-Score.


Be Aware

Altman Z2-Score does not apply to financial companies.


Bluescape Opportunities Acquisition Altman Z2-Score Related Terms

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Bluescape Opportunities Acquisition (Bluescape Opportunities Acquisition) Business Description

Traded in Other Exchanges
N/A
Address
300 Crescent Court, Suite 1860, Dallas, TX, USA, 75201
Bluescape Opportunities Acquisition Corp is a special purpose acquisition company focused on essential assets and is formed to enter into a merger, amalgamation, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses.
Executives
Brahman Capital Corp. 10 percent owner 655 THIRD AVENUE, 11TH FLOOR, NEW YORK NY 10017
Nomura Holdings Inc 10 percent owner 1-13-1 NIHONBASHI, CHUO-KU, TOKYO M0 103-8645
Nomura Global Financial Products Inc 10 percent owner WORLDWIDE PLAZA, 309 WEST 49TH STREET, NEW YORK NY 10019
Mitchell Andrew Kuflik 10 percent owner 655 THIRD AVENUE, 11TH FLOOR, NEW YORK NY 10017
Robert Joseph Sobel 10 percent owner 655 THIRD AVENUE, 11TH FLOOR, NEW YORK NY 10017
Brahman Management, L.l.c. 10 percent owner 655 THIRD AVENUE, 11TH FLOOR, NEW YORK NY 10017
Hebert Curtis L Jr director
C John Wilder director, 10 percent owner, officer: Chairman & CEO ENTERGY CORP, 639 LOYOLA AVENUE, NEW ORLEANS LA 70113
Duncan Palmer director ONE OWENS CORNING PARKWAY, TOLEDO OH 43659
Jonathan A Siegler director, officer: Pres & Chief Operating Officer 1601 BRYAN STREET, DALLAS TX 75201
Hoff Graham Vant director C/O BLUESCAPE ENERGY PARTNERS, LLC, 200 CRESCENT COURT, SUITE 1900, DALLAS TX 75201
Bluescape Sponsor Llc 10 percent owner 200 CRESCENT COURT, SUITE 1900, DALLAS TX 75201
Lillian Meyer officer: Chief Financial Officer C/O BLUESCAPE ENERGY PARTNERS, LLC, 200 CRESCENT COURT, SUITE 1900, DALLAS TX 75201

Bluescape Opportunities Acquisition (Bluescape Opportunities Acquisition) Headlines