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BM Technologies Altman Z-Score

: 3.21 (As of Today)
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Good Sign:

Altman Z-score of 3.21 is strong.

BM Technologies has a Altman Z-Score of 3.21, indicating it is in Safe Zones. This implies the Altman Z-Score is strong.

The zones of discrimination were as such:

When Altman Z-Score <= 1.8, it is in Distress Zones.
When Altman Z-Score >= 3, it is in Safe Zones.
When Altman Z-Score is between 1.8 and 3, it is in Grey Zones.

The historical rank and industry rank for BM Technologies's Altman Z-Score or its related term are showing as below:

BMTX' s Altman Z-Score Range Over the Past 10 Years
Min: 3.21   Med: 3.76   Max: 3.76
Current: 3.21

During the past 3 years, BM Technologies's highest Altman Z-Score was 3.76. The lowest was 3.21. And the median was 3.76.


BM Technologies Altman Z-Score Historical Data

The historical data trend for BM Technologies's Altman Z-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.

BM Technologies Annual Data
Trend Dec19 Dec20 Dec21
Altman Z-Score
- - 3.76

BM Technologies Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21
Altman Z-Score Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 2.97 3.36 4.23 3.76

Competitive Comparison

For the Software - Application subindustry, BM Technologies's Altman Z-Score, along with its competitors' market caps and Altman Z-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.

   

BM Technologies Altman Z-Score Distribution

For the Software industry and Technology sector, BM Technologies's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where BM Technologies's Altman Z-Score falls into.



BM Technologies Altman Z-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.

BM Technologies's Altman Z-Score for today is calculated with this formula:

Z=1.2*X1+1.4*X2+3.3*X3+0.6*X4+1.0*X5
=1.2*0.157+1.4*-0.2971+3.3*0.2995+0.6*2.0112+1.0*1.2428
=3.21

* 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 Z-Score when X4 or X5 value is 0.

Trailing Twelve Months (TTM) ended in Dec. 2021:
Total Assets was $76.43 Mil.
Total Current Assets was $36.64 Mil.
Total Current Liabilities was $24.64 Mil.
Retained Earnings was $-22.71 Mil.
Pre-Tax Income was -7.074 + 10.04 + -0.887 + 20.716 = $22.80 Mil.
Interest Expense was 0 + 0 + -0.042 + -0.054 = $-0.10 Mil.
Revenue was 25.737 + 21.974 + 22.893 + 24.383 = $94.99 Mil.
Market Cap (Today) was $77.32 Mil.
Total Liabilities was $38.45 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
=(36.644 - 24.643)/76.428
=0.157

X2=Retained Earnings/Total Assets
=-22.706/76.428
=-0.2971

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(22.795 - -0.096)/76.428
=0.2995

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=77.323/38.447
=2.0112

X5=Revenue/Total Assets
=94.987/76.428
=1.2428

The zones of discrimination were as such:

Distress Zones - 1.81 < Grey Zones < 2.99 - Safe Zones

BM Technologies has a Altman Z-Score of 3.21 indicating it is in Safe Zones.

Study by Altman found that companies that are in Distress Zone have more than 80% of chances of bankruptcy in two years.


BM Technologies  (AMEX:BMTX) Altman Z-Score Explanation

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, Market Value of Equity/Book Value of Total Liabilities (MVE/TL): The measure shows how much the firm's assets can decline in value (measured by market value of equity plus debt) before the liabilities exceed the assets and the firm becomes insolvent.

X5, Revenue/Total Assets (S/TA): The capital-turnover ratio is a standard financial ratio illustrating the sales generating ability of the firm's assets.

Read more about Altman Z-Score and the original research.


Be Aware

Altman Z-Score does not apply to financial companies.


BM Technologies Altman Z-Score Related Terms

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


BM Technologies Business Description

BM Technologies logo
Traded in Other Exchanges
Address
535 5th Ave, 29th Floor, New York, NY, USA, 10017
BM Technologies Inc is a digital banking platform in the United States. It provides a suite of low-cost products, including checking & savings accounts, to consumers through its business-to-business-to-customer distribution model by connecting consumers to an FDIC-insured banking institution.
Executives
Dolan John J director 4655 SALISBURY ROAD SUITE 110 JACKSONVILLE FL 32256
Dullinger James Francis officer: Chief Accounting Officer C/O IOTA COMMUNICATIONS, INC. 645 HAMILTON STREET, SUITE 400 ALLENTOWN PA 18101
Schechter Private Capital, Llc 10 percent owner 251 PIERCE STREET BIRMINGHAM MI 48009
Dinodia Pankaj director 201 KING OF PRUSSIA ROAD SUITE 350 WAYNE PA 19087
Ramsey Robert H officer: Chief Financial Officer 201 KING OF PRUSSIA ROAD SUITE 350 WAYNE PA 19087
Schwab Marcy director 201 KING OF PRUSSIA ROAD SUITE 350 WAYNE PA 19087
Hurley Brent director 201 KING OF PRUSSIA ROAD SUITE 350 WAYNE PA 19087
Diegel Robert officer: Chief Operating Officer 201 KING OF PRUSSIA ROAD SUITE 350 WAYNE PA 19087
Gill Mike director 201 KING OF PRUSSIA ROAD SUITE 350 WAYNE PA 19087
Hodari Aaron director 201 KING OF PRUSSIA ROAD SUITE 350 WAYNE PA 19087
Sidhu Luvleen director, officer: Chief Executive Officer 201 KING OF PRUSSIA ROAD SUITE 350 WAYNE PA 19087
Millennium Management Llc other: May be deemed a group member. 399 PARK AVENUE NEW YORK NY 10022
Millennium Group Management Llc other: May be deemed a group member. C/O MILLENNIUM MANAGEMENT LLC 399 PARK AVENUE NEW YORK NY 10022
Integrated Core Strategies (us) Llc 10 percent owner C/O MILLENNIUM MANAGEMENT LLC 399 PARK AVENUE NEW YORK NY 10022
Englander Israel A other: May be deemed a group member. C/O MILLENNIUM MANAGEMENT LLC 399 PARK AVENUE NEW YORK NY 10022

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