GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Halder Venture Ltd (BOM:539854) » Definitions » Altman Z-Score

Halder Venture (BOM:539854) Altman Z-Score : 2.52 (As of Apr. 16, 2025)


View and export this data going back to 2016. Start your Free Trial

What is Halder Venture Altman Z-Score?

The Altman Z-Score is a model designed to predict the likelihood of a company going bankrupt within the next two years. Created by American finance professor Edward Altman in 1968, the model is specifically designed for publicly traded manufacturing companies with assets greater than $1 million.

Warning Sign:

Altman Z-score of 2.51 is in the grey area. This implies that the company is under some kind of financial stress. If it is below 1.8, the company may face bankruptcy risk.

Halder Venture has a Altman Z-Score of 2.52, indicating it is in Grey Zones. This implies that Halder Venture is in some kind of financial stress. If it is below 1.81, the company may face bankrupcy risk.

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 Halder Venture's Altman Z-Score or its related term are showing as below:

BOM:539854' s Altman Z-Score Range Over the Past 10 Years
Min: 0.07   Med: 2.36   Max: 5.49
Current: 2.51

During the past 13 years, Halder Venture's highest Altman Z-Score was 5.49. The lowest was 0.07. And the median was 2.36.


Halder Venture Altman Z-Score Historical Data

The historical data trend for Halder Venture'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.

Halder Venture Altman Z-Score Chart

Halder Venture Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.43 2.84 5.49 1.69 2.13

Halder Venture Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Altman Z-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 2.00 2.13 2.52 2.02 2.48

Competitive Comparison of Halder Venture's Altman Z-Score

For the Farm Products subindustry, Halder Venture'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.


Halder Venture's Altman Z-Score Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Halder Venture's Altman Z-Score distribution charts can be found below:

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


;
;

Halder Venture 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.

Halder Venture'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*0.1536+1.4*0+3.3*0.1269+0.6*0.5415+1.0*1.5883
=2.52

* 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. 2024:
Total Assets was ₹5,978 Mil.
Total Current Assets was ₹5,325 Mil.
Total Current Liabilities was ₹4,406 Mil.
Retained Earnings was ₹0 Mil.
Pre-Tax Income was 271.973 + 51.013 + 61.045 + 146.016 = ₹530 Mil.
Interest Expense was -59.72 + -57.192 + -51.451 + -60.112 = ₹-228 Mil.
Revenue was 3564.075 + 1747.591 + 1663.163 + 2520.523 = ₹9,495 Mil.
Market Cap (Today) was ₹2,457 Mil.
Total Liabilities was ₹4,538 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
=(5324.914 - 4406.48)/5978.241
=0.1536

X2=Retained Earnings/Total Assets
=0/5978.241
=0

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(530.047 - -228.475)/5978.241
=0.1269

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=2457.154/4537.613
=0.5415

X5=Revenue/Total Assets
=9495.352/5978.241
=1.5883

The zones of discrimination were as such:

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

Halder Venture has a Altman Z-Score of 2.52 indicating it is in Grey Zones.

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


Halder Venture  (BOM:539854) 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.


Halder Venture Altman Z-Score Related Terms

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


Halder Venture Business Description

Traded in Other Exchanges
N/A
Address
16 Strand Road, Diamond Heritage Building, 10th Floor, Room No- 1012, Fairley Place, B.B.D Bagh, Kolkata, WB, IND, 700001
Halder Venture Ltd is a company engaged in the trading of rice. The company's product portfolio includes Indian Parboiled Rice, Indian White Rice, Vietnamese Rice, Puffed Rice Edible Oil, and De-Oiled Rice Bran. It sells its products in both domestic and international markets. The company is also into the sale of palm oil.

Halder Venture Headlines

No Headlines