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Blackstar Enterprise Group (OTCPK:BEGI) Altman Z-Score

: N/A (As of Today)
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Blackstar Enterprise Group has a Altman Z-Score of N/A, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.

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 Blackstar Enterprise Group's Altman Z-Score or its related term are showing as below:

During the past 11 years, Blackstar Enterprise Group's highest Altman Z-Score was 7036.31. The lowest was -782.84. And the median was 0.05.


Blackstar Enterprise Group Altman Z-Score Historical Data

The historical data trend for Blackstar Enterprise Group'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.

Blackstar Enterprise Group Annual Data
Trend Jul01 Jul02 Jul03 Jul04 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Altman Z-Score
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7,036.31 -782.84 - - -

Blackstar Enterprise Group Quarterly Data
Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
Altman Z-Score 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 Premium Member Only Premium Member Only Premium Member Only - - - - -

Competitive Comparison

For the Capital Markets subindustry, Blackstar Enterprise Group'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.

   

Blackstar Enterprise Group Altman Z-Score Distribution

For the Capital Markets industry and Financial Services sector, Blackstar Enterprise Group's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Blackstar Enterprise Group's Altman Z-Score falls in comparison to its industry or sector. The grey bar indicates the Altman Z-Score's extreme value range as defined by GuruFocus.



Blackstar Enterprise Group 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.

Blackstar Enterprise Group'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*-2.6512+1.4*-28.3642+3.3*-1.2562+0.6*0.2941+1.0*0
=N/A

* 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 Sep. 2022:
Total Assets was $0.32 Mil.
Total Current Assets was $0.10 Mil.
Total Current Liabilities was $0.96 Mil.
Retained Earnings was $-9.19 Mil.
Pre-Tax Income was -0.214 + -0.309 + -0.517 + -0.376 = $-1.42 Mil.
Interest Expense was -0.107 + -0.148 + -0.36 + -0.394 = $-1.01 Mil.
Revenue was 0 + 0 + 0 + 0 = $0.00 Mil.
Market Cap (Today) was $0.28 Mil.
Total Liabilities was $0.96 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
=(0.1 - 0.959)/0.324
=-2.6512

X2=Retained Earnings/Total Assets
=-9.19/0.324
=-28.3642

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(-1.416 - -1.009)/0.324
=-1.2562

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=0.282/0.959
=0.2941

X5=Revenue/Total Assets
=0/0.324
=0

The zones of discrimination were as such:

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

Blackstar Enterprise Group has a Altman Z-Score of N/A indicating it is in Distress Zones.

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


Blackstar Enterprise Group  (OTCPK:BEGI) 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.


Blackstar Enterprise Group Altman Z-Score Related Terms

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


Blackstar Enterprise Group (OTCPK:BEGI) Business Description

Blackstar Enterprise Group logo
Traded in Other Exchanges
N/A
Address
4450 Arapahoe Avenue, Suite 100, Boulder, CO, USA, 80303
Blackstar Enterprise Group Inc is engaged in Merchant Banking and Finance business. The company intends to gain exposure to the blockchain ecosystem through targeted joint ventures in the sector. It also offers consulting and regulatory compliance services to crypto-equity companies.
Executives
Harris John N director, 10 percent owner, officer: CEO PO BOX 1547 LYONS CO 80540
International Hedge Group, Inc. 10 percent owner 1711 WALES DRIVE BERTHOUD CO 80513
Kurczodyna Joseph E director, 10 percent owner, officer: CFO 1711 WALES DRIVE BERTHOUD CO 80513
Lahr Todd Harold 10 percent owner, other: Former President & Director 134 3RD ST NAZARETH PA 18064
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