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MGLD (The Marygold) Altman Z-Score : 3.94 (As of Mar. 19, 2025)


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What is The Marygold 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 4 is strong.

The Marygold has a Altman Z-Score of 3.94, 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 The Marygold's Altman Z-Score or its related term are showing as below:

MGLD' s Altman Z-Score Range Over the Past 10 Years
Min: -1.03   Med: 7.35   Max: 17.25
Current: 4

During the past 13 years, The Marygold's highest Altman Z-Score was 17.25. The lowest was -1.03. And the median was 7.35.


The Marygold Altman Z-Score Historical Data

The historical data trend for The Marygold'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.

The Marygold Altman Z-Score Chart

The Marygold Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.91 10.73 8.07 8.01 7.63

The Marygold 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 6.56 8.02 7.63 4.83 5.74

Competitive Comparison of The Marygold's Altman Z-Score

For the Asset Management subindustry, The Marygold'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.


The Marygold's Altman Z-Score Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, The Marygold's Altman Z-Score distribution charts can be found below:

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



The Marygold 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.

The Marygold'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*0.4375+1.4*0.3238+3.3*-0.2175+0.6*4.5164+1.0*0.9715
=3.94

* 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 $33.00 Mil.
Total Current Assets was $22.60 Mil.
Total Current Liabilities was $8.16 Mil.
Retained Earnings was $10.69 Mil.
Pre-Tax Income was -2.229 + -2.069 + -2.396 + -0.884 = $-7.58 Mil.
Interest Expense was -0.362 + -0.031 + -0.004 + -0.005 = $-0.40 Mil.
Revenue was 8.004 + 7.91 + 8.265 + 7.88 = $32.06 Mil.
Market Cap (Today) was $43.56 Mil.
Total Liabilities was $9.65 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
=(22.597 - 8.161)/32.998
=0.4375

X2=Retained Earnings/Total Assets
=10.685/32.998
=0.3238

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(-7.578 - -0.402)/32.998
=-0.2175

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=43.561/9.645
=4.5164

X5=Revenue/Total Assets
=32.059/32.998
=0.9715

The zones of discrimination were as such:

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

The Marygold has a Altman Z-Score of 3.94 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.


The Marygold  (AMEX:MGLD) 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.


The Marygold Altman Z-Score Related Terms

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


The Marygold Business Description

Traded in Other Exchanges
N/A
Address
120 Calle Iglesia, Unit B, San Clemente, CA, USA, 92672
The Marygold Companies Inc is a holding company that intends to focus on financial services. It is currently directing its investments towards financial services and the emerging Fintech space.
Executives
Nicholas & Melinda Gerber Living Trust 10 percent owner 127 DEVIN DRIVE, MORAGA CA 94556
Carolyn M. Yu officer: Chief Legal Officer 120 CALLE IGLESIA, UNIT B, SAN CLEMENTE CA 92672
Scott Allen West officer: Chief Accounting Officer 12625 HIGH BLUFF DRIVE, SUITE 305, SAN DIEGO CA 92130
James S Alexander director C/O THE MARYGOLD COMPANIES, INC., 120 CALLE IGLESIA, UNIT B, SAN CLEMENTE CA 92672
David Wayne Neibert director, officer: Chief Executive Officer 13652 ACORN CIRCLE, VALLEY CENTER CA 92082
Kathryn D. Rooney director 2520 EYRE HALL PASS, NEW ALBANY OH 43054
Nicholas Daniel Gerber director, 10 percent owner, officer: Chief Executive Officer 127 DEVIN ROAD, MORAGA CA 94556
Kelly Anderson director C/O TOMI ENVIRONMENTAL SOLUTIONS, INC., 9454 WILSHIRE BLVD., R-1, BEVERLY HILLS CA 90212
Stuart P. Crumbaugh officer: Treasurer/CFO C/O USCF ETF TRUST, 1999 HARRISON STREET, SUITE 1530, OAKLAND CA 94612
Erin Grogan director 2721 WAWONA STREET, SAN FRANCISCO CA 94116
Joya Harris director 150 MAISON PLACE N.W., ATLANTA GA 30303
Tabatha Coffey director 1019 GLEN ROAD, FORT LEE NJ 07024
Derek Jason Mullins director C/O PINE ADVISOR SOLUTIONS, 501 S. CHERRY ST., SUITE 1090, DENVER CO 80246
Sheila Gerber 10 percent owner 5 HATAMAR ST., BINYAMINA L3 30500
Eliot Gerber 10 percent owner 5 HATAMAR ST., BINYAMINA L3 30500

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