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Global Investment House KSCC (Global Investment House KSCC) Altman Z-Score : N/A (As of May. 18, 2024)


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What is Global Investment House KSCC 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.

Good Sign:

Altman Z-score of 6.06 is strong.

Global Investment House KSCC 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 Global Investment House KSCC's Altman Z-Score or its related term are showing as below:

GHKSY' s Altman Z-Score Range Over the Past 10 Years
Min: -2.51   Med: 5.34   Max: 15.88
Current: 6.06

During the past 11 years, Global Investment House KSCC's highest Altman Z-Score was 15.88. The lowest was -2.51. And the median was 5.34.


Global Investment House KSCC Altman Z-Score Historical Data

The historical data trend for Global Investment House KSCC'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.

Global Investment House KSCC Altman Z-Score Chart

Global Investment House KSCC Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.82 6.38 6.28 5.99 4.94

Global Investment House KSCC Quarterly Data
Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18
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 2.47 4.94 5.37 4.63 4.58

Competitive Comparison of Global Investment House KSCC's Altman Z-Score

For the Asset Management subindustry, Global Investment House KSCC'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.


Global Investment House KSCC's Altman Z-Score Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Global Investment House KSCC's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Global Investment House KSCC's Altman Z-Score falls into.



Global Investment House KSCC 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.

Global Investment House KSCC'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*0.4591+1.4*0.1086+3.3*0.0469+0.6*0+1.0*0.1197
=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. 2018:
Total Assets was $275.83 Mil.
Total Current Assets was $126.63 Mil.
Total Current Liabilities was $0.00 Mil.
Retained Earnings was $29.97 Mil.
Pre-Tax Income was 6.005 + 4.462 + 5.243 + -2.786 = $12.92 Mil.
Interest Expense was 0 + 0 + 0 + 0 = $0.00 Mil.
Revenue was 7.167 + 8.274 + 11.58 + 6.008 = $33.03 Mil.
Market Cap (Today) was $0.00 Mil.
Total Liabilities was $36.50 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
=(126.633 - 0)/275.829
=0.4591

X2=Retained Earnings/Total Assets
=29.967/275.829
=0.1086

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(12.924 - 0)/275.829
=0.0469

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=0.000/36.502
=0

X5=Revenue/Total Assets
=33.029/275.829
=0.1197

The zones of discrimination were as such:

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

Global Investment House KSCC 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.


Global Investment House KSCC  (GREY:GHKSY) 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.


Global Investment House KSCC Altman Z-Score Related Terms

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Global Investment House KSCC (Global Investment House KSCC) Business Description

Traded in Other Exchanges
N/A
Address
Al Shuhada Street, Global Tower, Sharq, Safat, P.O.Box 28807, Kuwait, KWT, 13149
Global Investment House KSCC is an asset management and investment banking company. It operates in three segments Asset Management providing managed funds, portfolio management, private equity funds and real estate services; Investment Banking providing private placements and public offerings, merger and acquisition advice, listings, financial advisory and debt restructuring services; and Brokerage providing securities dealing and trading, margin trading and arranging securities custody services. The company earns revenue from brokerage services, placement fees, incentive fees, equity and debt placement transactions.

Global Investment House KSCC (Global Investment House KSCC) Headlines

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