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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.
Electric Last Mile Solutions does not have enough data to calculate Altman Z2-Score.
The historical data trend for Electric Last Mile Solutions'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.
Electric Last Mile Solutions Annual Data | |
Trend | |
Altman Z2-Score |
Electric Last Mile Solutions Quarterly Data | ||
Jun21 | Sep21 | |
Altman Z2-Score | - | - |
For the Auto Manufacturers subindustry, Electric Last Mile Solutions'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.
For the Vehicles & Parts industry and Consumer Cyclical sector, Electric Last Mile Solutions's Altman Z2-Score distribution charts can be found below:
* The bar in red indicates where Electric Last Mile Solutions's Altman Z2-Score falls into.
Electric Last Mile Solutions (OTCPK:ELMSQ) 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.
Thank you for viewing the detailed overview of Electric Last Mile Solutions's Altman Z2-Score provided by GuruFocus.com. Please click on the following links to see related term pages.
Dono Thomas Michael Jr | officer: Ch. Legal Officer & Corp. Sec. | 882 SIMPSON STREET, PLYMOUTH MI 48170 |
Jonathan Ballon | officer: Chief Strategy & Digital Ofcr | 1055 W SQUARE LAKE ROAD TROY MI 48098 |
Yao (rob) Song | officer: Treasurer, PAO and Controller | 125 E. JOHN CARPENTER FREEWAY SUITE 1650 IRVING TX 75062 |
Hailiang Hu | officer: Chief Operating Officer | 1055 W. SQUARE LAKE ROAD TROY MI 48098 |
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Kevork Tro Adjemian | officer: Chief Technical Officer | 1055 W. SQUARE LAKE ROAD TROY MI 48098 |
James Taylor | director, officer: Chief Executive Officer | 1070 WEST GUNN ROAD, ROCHESTER MI 48306 |
Benjamin F Wu | officer: General Counsel and Secretary | 1055 W. SQUARE LAKE ROAD TROY MI 48098 |
Shauna Mcintyre | director | 150 N. BARTLETT STREET, MEDFORD OR 97501 |
Albert Li | officer: CFO & Treasurer | 1055 W. SQUARE LAKE ROAD TROY MI 48098 |
Jason Luo | director, 10 percent owner, officer: Executive Chairman & President | 1055 W. SQUARE LAKE ROAD TROY MI 48098 |
Brian M Krzanich | director | 1210 MACDONALD RANCH ROAD, HENDERSON NV 89012 |
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Forum Capital Management Iii Llc | director, 10 percent owner | 1615 SOUTH CONGRESS AVENUE, SUITE 103 DELRAY BEACH FL 33445 |
Forum Investors Iii Llc | director, 10 percent owner, other: *Director by Deputization | 1615 SOUTH CONGRESS AVENUE, SUITE 103 DELRAY BEACH FL 33445 |
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