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IZEA Worldwide (IZEA Worldwide) Altman Z-Score : 1.40 (As of Apr. 27, 2024)


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What is IZEA Worldwide 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 1.2 is in distress zone. This implies bankruptcy possibility in the next two years.

IZEA Worldwide has a Altman Z-Score of 1.40, 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 IZEA Worldwide's Altman Z-Score or its related term are showing as below:

IZEA' s Altman Z-Score Range Over the Past 10 Years
Min: -3.14   Med: 0.62   Max: 3.12
Current: 1.2

During the past 13 years, IZEA Worldwide's highest Altman Z-Score was 3.12. The lowest was -3.14. And the median was 0.62.


IZEA Worldwide Altman Z-Score Historical Data

The historical data trend for IZEA Worldwide'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.

IZEA Worldwide Altman Z-Score Chart

IZEA Worldwide Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -3.14 2.38 3.12 0.84 0.74

IZEA Worldwide Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 0.84 1.18 1.20 1.00 0.74

Competitive Comparison of IZEA Worldwide's Altman Z-Score

For the Internet Content & Information subindustry, IZEA Worldwide'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.


IZEA Worldwide's Altman Z-Score Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, IZEA Worldwide's Altman Z-Score distribution charts can be found below:

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



IZEA Worldwide 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.

IZEA Worldwide'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*0.5887+1.4*-1.0758+3.3*-0.0924+0.6*3.4175+1.0*0.456
=1.40

* 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. 2023:
Total Assets was $79.43 Mil.
Total Current Assets was $60.35 Mil.
Total Current Liabilities was $13.59 Mil.
Retained Earnings was $-85.45 Mil.
Pre-Tax Income was -1.527 + -1.983 + -1.033 + -2.806 = $-7.35 Mil.
Interest Expense was -0.002 + -0.002 + -0.003 + -0.002 = $-0.01 Mil.
Revenue was 8.893 + 7.895 + 10.689 + 8.738 = $36.22 Mil.
Market Cap (Today) was $48.23 Mil.
Total Liabilities was $14.11 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
=(60.351 - 13.593)/79.425
=0.5887

X2=Retained Earnings/Total Assets
=-85.445/79.425
=-1.0758

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(-7.349 - -0.009)/79.425
=-0.0924

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=48.228/14.112
=3.4175

X5=Revenue/Total Assets
=36.215/79.425
=0.456

The zones of discrimination were as such:

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

IZEA Worldwide has a Altman Z-Score of 1.40 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.


IZEA Worldwide  (NAS:IZEA) 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.


IZEA Worldwide Altman Z-Score Related Terms

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IZEA Worldwide (IZEA Worldwide) Business Description

Traded in Other Exchanges
Address
1317 Edgewater Dr., Suite 1880, Orlando, FL, USA, 32804
IZEA Worldwide Inc is an online marketplace connecting marketers with the content creator that produce and distribute text, videos, and photos for marketers, blogs, and social media channels. The marketers include brands, agencies, and publishers that use the company's technology for the engagement of online influencers for influencer marketing campaigns or the creation of stand-alone content for distribution through their owned channels. The company provides its services to various industries including consumer products, retail, technology, and travel.
Executives
Lindsay A Gardner director C/O IZEA, INC., 480 N. ORLANDO AVENUE, SUITE 200, WINTER PARK FL 32789
Edward H Murphy director, officer: President and CEO C/O IZEA, INC., 480 NORTH ORLANDO AVENUE, SUITE 200, ORLANDO FL 32789
Daniel R Rua director 480 NORTH ORLANDO AVENUE, SUITE 200, WINTER PARK FL 32789
Peter Biere officer: Chief Financial Officer C/O BSQUARE CORPORATION, 110 110TH AVENUE NE, SUITE 300, BELLEVUE WA 98004
Leann C Hitchcock officer: Chief Financial Officer C/O IZEA, INC., 480 N. ORLANDO AVENUE, SUITE 200, WINTER PARK FL 32789
Justin Andrews officer: Chief Financial Officer 480 N. ORLANDO AVENUE, SUITE 200, WINTER PARK FL 32789
Troy J Vanke officer: Chief Financial Officer C/O PLAYTIKA LTD., HACHOSHLIM ST 8, HERZLIYA PITUARCH L3 4672408
Patrick James Venetucci director 212 N WASHINGTON, PARK RIDGE IL 60068
Michael Heald Heald officer: Chief Financial Officer 560 AVON GLADE PLACE, SANFORD FL 32771
Brian W Brady director, 10 percent owner 480 N ORLANDO AVE, SUITE 200, WINTER PARK FL 32789
Awm Investment Company, Inc. 10 percent owner 527 MADISON AVENUE, SUITE 2600, NEW YORK NY 10022
John H Caron director C/O IZEA, INC., 480 N. ORLANDO AVENUE, SUITE 200, ORLANDO FL 32789
Jill Golder director 305 HARTMANN DRIVE, LEBANON TN 37087
Ryan S Schram director, officer: Chief Operating Officer 480 NORTH ORLANDO AVENUE, SUITE 200, WINTER PARK FL 32789
Marxe Austin W & Greenhouse David M 10 percent owner C/O SPECIAL SITUATIONS FUNDS, 527 MADISON AVENUE, SUITE 2600, NEW YORK NY 10022