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SHRG (Sharing Services Global) Altman Z2-Score : -69.48 (As of Mar. 03, 2025)


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What is Sharing Services Global 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:

Sharing Services Global has a Altman Z2-Score of -69.48, 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 Sharing Services Global's Altman Z2-Score or its related term are showing as below:

SHRG' s Altman Z2-Score Range Over the Past 10 Years
Min: -154.59   Med: -15   Max: 3.44
Current: -69.48

During the past 10 years, Sharing Services Global's highest Altman Z2-Score was 3.44. The lowest was -154.59. And the median was -15.00.


Sharing Services Global Altman Z2-Score Historical Data

The historical data trend for Sharing Services Global'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.

Sharing Services Global Altman Z2-Score Chart

Sharing Services Global Annual Data
Trend Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Mar21 Mar22 Mar23 Mar24
Altman Z2-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.86 - -3.31 -43.58 -63.71

Sharing Services Global Quarterly Data
Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 -52.72 -52.58 -63.71 -67.97 -69.48

Competitive Comparison of Sharing Services Global's Altman Z2-Score

For the Packaged Foods subindustry, Sharing Services Global'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.


Sharing Services Global's Altman Z2-Score Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Sharing Services Global's Altman Z2-Score distribution charts can be found below:

* The bar in red indicates where Sharing Services Global's Altman Z2-Score falls into.



Sharing Services Global 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.

Sharing Services Global'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*-0.8226+3.26*-18.316+6.72*-0.5878+1.05*-0.4025
=-69.48

* 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 Sep. 2024:
Total Assets was $6.26 Mil.
Total Current Assets was $4.22 Mil.
Total Current Liabilities was $9.37 Mil.
Retained Earnings was $-114.60 Mil.
Pre-Tax Income was -0.466 + -0.969 + -1.941 + -0.891 = $-4.27 Mil.
Interest Expense was -0.162 + -0.148 + -0.142 + -0.137 = $-0.59 Mil.
Total Liabilities was $10.47 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
=(4.219 - 9.366)/6.257
=-0.8226

X2=Retained Earnings/Total Assets
=-114.603/6.257
=-18.316

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(-4.267 - -0.589)/6.257
=-0.5878

X4_2=Net Worth/Total Liabilities
=(Total Stockholders Equity - Preferred Stock)/Total Liabilities
=(-4.214 - 0.001)/10.471
=-0.4025

The zones of discrimination were as such:

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

Sharing Services Global has a Altman Z2-Score of -69.48 indicating it is in Distress Zones.


Sharing Services Global  (OTCPK:SHRG) 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.


Sharing Services Global Altman Z2-Score Related Terms

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


Sharing Services Global Business Description

Traded in Other Exchanges
N/A
Address
5200 Tennyson Parkway, Suite 400, Plano, TX, USA, 75024
Sharing Services Global Corp is a diversified holding company specializing in the direct selling industry. The company owns, operates, or controls an interest in various companies that sell products and services to the consumer directly through independent representatives ranging from health and wellness, energy, technology, insurance services, training, media, and travel benefits. Its operating segment includes Sale of health and wellness products and the sale of member-based travel services through an independent sales force. The company derives the maximum revenue from the Health and wellness products segment. Geographically, it generates a majority of its revenue from the United States.
Executives
Chan Heng Fai Ambrose director, other: Exec. Chairman of the Board 2601 INSLAND PLACE TOWER, 510 KINGS RD N POINT, HONG KONG K3 999999999
Document Security Systems Inc 10 percent owner 275 WIREGRASS PKWY, WEST HENRIETTA NY 14586
Anthony S. Chan officer: Chief Financial Officer 228 YANJIANG AVE., JIANGAN DIST., BLDG A, WUHAN CITY F4 430010
Steven Mark Nicholls officer: Chief Financial Officer 1700 COIT ROAD, SUITE 100, PLANO TX 75075
Robert H Trapp director C/O EVISION INTERNATIONAL INC., 1888 SHERMAN ST. #500, DENVER CO 80203
Sassuan (samson) Lee director 200 CANAL VIEW BLVD., SUITE 300, ROCHESTER NY 14623
Frank D Heuszel director 275 WIREGRASS PKWY, WEST HENRIETTA, NEW YORK NY 14586
Frank Walters director, officer: SECRETARY, TREASURER, CFO C/O SHARING SERVICES, INC., 1701 COIT ROAD, SUITE 100, PLANO TX 75075
Keith R Halls director 75 W CENTER ST, PROVO UT 84601
Kip Hughes Allison director 7200 DALLAS PKWY, #2322, PLANO TX 75024
John Thatch director, officer: PRESIDENT, CEO C/O SHARING SERVICES, INC., 1701 COIT ROAD, SUITE 100, PLANO TX 75075
Bear Bull Market Dividends, Inc. 10 percent owner 600 ANTON BLVD. 11TH FLOOR, COSTA MESA CA 92626
Alchemist Holdings Llc 10 percent owner 1415 LEGACY DRIVE, SUITE 310, FRISCO TX 75034