GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » GHST World Inc (OTCPK:GHST) » Definitions » Altman Z2-Score

GHST (GHST World) Altman Z2-Score : -5,417.23 (As of Mar. 14, 2025)


View and export this data going back to . Start your Free Trial

What is GHST World 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.

Warning Sign:

GHST World has a Altman Z2-Score of -5,417.23, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.

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 GHST World's Altman Z2-Score or its related term are showing as below:

GHST' s Altman Z2-Score Range Over the Past 10 Years
Min: -25278.61   Med: -1394.29   Max: -150.79
Current: -5417.23

During the past 7 years, GHST World's highest Altman Z2-Score was -150.79. The lowest was -25278.61. And the median was -1394.29.


GHST World Altman Z2-Score Historical Data

The historical data trend for GHST World'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.

* Premium members only.

GHST World Altman Z2-Score Chart

GHST World Annual Data
Trend Jun08 Jun09 Jun20 Jun21 Jun22 Jun23 Jun24
Altman Z2-Score
Get a 7-Day Free Trial -214.86 -202.96 -375.59 -1,159.16 -2,306.27

GHST World Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Altman Z2-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -7,112.19 -8,351.06 -2,306.27 -25,278.61 -5,417.23

Competitive Comparison of GHST World's Altman Z2-Score

For the Specialty Retail subindustry, GHST World'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.


GHST World's Altman Z2-Score Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, GHST World's Altman Z2-Score distribution charts can be found below:

* The bar in red indicates where GHST World's Altman Z2-Score falls into.



GHST World 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.

GHST World'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*-40.6667+3.26*-1548.8889+6.72*-14.8889+1.05*-0.9787
=-5,417.23

* 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 Dec. 2024:
Total Assets was $0.01 Mil.
Total Current Assets was $0.01 Mil.
Total Current Liabilities was $0.38 Mil.
Retained Earnings was $-13.94 Mil.
Pre-Tax Income was -0.046 + -0.013 + -0.047 + -0.028 = $-0.13 Mil.
Interest Expense was 0 + 0 + 0 + 0 = $0.00 Mil.
Total Liabilities was $0.38 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
=(0.009 - 0.375)/0.009
=-40.6667

X2=Retained Earnings/Total Assets
=-13.94/0.009
=-1548.8889

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(-0.134 - 0)/0.009
=-14.8889

X4_2=Net Worth/Total Liabilities
=(Total Stockholders Equity - Preferred Stock)/Total Liabilities
=(-0.367 - 0)/0.375
=-0.9787

The zones of discrimination were as such:

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

GHST World has a Altman Z2-Score of -5,417.23 indicating it is in Distress Zones.


GHST World  (OTCPK:GHST) 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.


GHST World Altman Z2-Score Related Terms

Thank you for viewing the detailed overview of GHST World's Altman Z2-Score provided by GuruFocus.com. Please click on the following links to see related term pages.


GHST World Business Description

Traded in Other Exchanges
N/A
Address
667 Madison Avenue, 5th Floor, New York, NY, USA, 10065
GHST World Inc is focused on marketing and sale of technologically-enhanced sports equipment and the acquisition and development of related intellectual property. The company is engaged in developing Smart Shin Guard and related technology, including a smart phone application.
Executives
Massimiliano Stella officer: Chief Information Officer 667 MADISON AVENUE 5TH FLOOR, NEW YORK NY 10065
Paolo Sangiovanni officer: Chief Financial Officer 667 MADISON AVENUE 5TH FLOOR, NEW YORK NY 10065
Edoardo Riboli officer: Chief Executive Officer 667 MADISON AVENUE 5TH FLOOR, NEW YORK NY 10065
Marcello Appella officer: Chief Financial Officer 667 MADISON AVENUE 5TH FLOOR, NEW YORK NY 10065
Pierangelo Negri director 667 MADISON AVENUE 5TH FLOOR, NEW YORK NY 10065
Giovanni Lavati director 667 MADISON AVENUE 5TH FLOOR, NEW YORK NY 10065
Gianfranco Gracchi director, officer: President 1111 BRICKELL BAY DRIVE, MIAMI FL 33131
Cristina Camelia Avramut 10 percent owner, officer: Chief Financial Officer VIA SOMMACAMPAGNA 15, VILLAFRANCA DI VERONA (VR) L6 37069
Ennio Bertoli director VIA EUROPA 12-11, SANTA LUCIA DI PIAVE (TV) L6 31020
Marco Zambolin director STRADA PER VALENZA N. 28, PECETTO, ALESSANDRIA L6 15040
Giacomo Cella Roberto director SAN JULIAN A TEJERIAS 25, SECTOR SANTA ROSA, CARACAS X5 1040
Jean Carlo Nardi director, officer: CFO VIA MONTE CIVETTA 21, CONEGLIANO VENETO L6 31015
Esterino Castellazzi director D.D. ALBERTARIO, 40 FILIGHERA, PAVIA L6 27010
Nerio Montesel officer: Chief Executive Officer VIA 18 GIUGNO 193, COLFOSCO DI SUSEGANA (TV) L6 31030
Victor Minca director, officer: Executive Vice President 901 PONCE DE LEON BLVD, ST3 303, CORAL GABLES FL 33134