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MIMOQ (Airspan Networks Holdings) Altman Z-Score : -33.29 (As of Dec. 14, 2024)


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What is Airspan Networks Holdings 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 -33.29 is in distress zone. This implies bankruptcy possibility in the next two years.

Airspan Networks Holdings has a Altman Z-Score of -33.29, 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 Airspan Networks Holdings's Altman Z-Score or its related term are showing as below:

MIMOQ' s Altman Z-Score Range Over the Past 10 Years
Min: -33.29   Med: -10.67   Max: -4.27
Current: -33.29

During the past 4 years, Airspan Networks Holdings's highest Altman Z-Score was -4.27. The lowest was -33.29. And the median was -10.67.


Airspan Networks Holdings Altman Z-Score Historical Data

The historical data trend for Airspan Networks Holdings'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.

Airspan Networks Holdings Altman Z-Score Chart

Airspan Networks Holdings Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Altman Z-Score
- -4.27 -10.67 -33.27

Airspan Networks Holdings Quarterly Data
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 -10.67 -11.06 -12.48 -23.50 -33.27

Competitive Comparison of Airspan Networks Holdings's Altman Z-Score

For the Telecom Services subindustry, Airspan Networks Holdings'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.


Airspan Networks Holdings's Altman Z-Score Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Airspan Networks Holdings's Altman Z-Score distribution charts can be found below:

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



Airspan Networks Holdings 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.

Airspan Networks Holdings'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*-3.3252+1.4*-19.6759+3.3*-1.0293+0.6*0.0002+1.0*1.6409
=-33.29

* 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 $47.27 Mil.
Total Current Assets was $37.14 Mil.
Total Current Liabilities was $194.32 Mil.
Retained Earnings was $-930.12 Mil.
Pre-Tax Income was -34.48 + 9.831 + -33.761 + -20.971 = $-79.38 Mil.
Interest Expense was -11.091 + -9.944 + -5.153 + -4.534 = $-30.72 Mil.
Revenue was 6.413 + 14.259 + 32.123 + 24.773 = $77.57 Mil.
Market Cap (Today) was $0.05 Mil.
Total Liabilities was $198.24 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
=(37.135 - 194.322)/47.272
=-3.3252

X2=Retained Earnings/Total Assets
=-930.118/47.272
=-19.6759

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(-79.381 - -30.722)/47.272
=-1.0293

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=0.045/198.241
=0.0002

X5=Revenue/Total Assets
=77.568/47.272
=1.6409

The zones of discrimination were as such:

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

Airspan Networks Holdings has a Altman Z-Score of -33.29 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.


Airspan Networks Holdings  (OTCPK:MIMOQ) 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.


Airspan Networks Holdings Altman Z-Score Related Terms

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Airspan Networks Holdings Business Description

Traded in Other Exchanges
N/A
Address
777 Yamato Road, Suite 310, Boca Raton, FL, USA, 33431
Airspan Networks Holdings Inc is a designer and producer of wireless network equipment for 4G and 5G networks for both mainstream public telecommunications service providers and private network implementations. The business is organized around one reportable segment, the development and supply of broadband wireless products and technologies.
Executives
Dominique Trempont director 5 RANDALL PLACE, MENLO PARK CA 94025
Michael Liebowitz director, 10 percent owner, officer: Chief Executive Officer 4400 BISCAYNE BLVD, 10TH FLOOR, MIAMI FL 33137
Petersen Henrik Smith officer: Chief Sales&Marketing Officer C/O AIRSPAN NETWORKS INC, CAMBRIDGE HOUSE, UXBRIDGE X0 999999999
Glenn Laxdal officer: President & COO 777 YAMATO DRIVE, SUITE 310, BOCA RATON FL 33431
Uzi Shalev officer: COO BAREKET BUILDING, GOLAN STREET, AIRPORT CITY L3 00000
David Brandt officer: SVP & CFO CAMBRIDGE HOUSE,, OXFORD ROAD, UXBRIDGE MIDDLESEX, UK X0 UB8 1UN
Eric Stonestrom director, officer: President & CEO 137 KINGS RD, PALM BEACH FL 33480
Bandel L Carano director 525 UNIVERSITY AVENUE, SUITE 1300, PALO ALTO CA 94301
Divya Seshamani director 777 YAMATO DRIVE, SUITE 310, BOCA RATON FL 33431
Softbank Group Corp 10 percent owner 1-7-1 KAIGAN, MINATO-KU, TOKYO M0 105-7537
Mathew Oommen director 777 YAMATO ROAD STE 310, BOCA RATON FL 33431
Eli Leizerovitz officer: Head of Products 777 YAMATO ROAD STE 310, BOCA RATON FL 33431
Thomas S Huseby director 405 THATCHER PASS RD NW, ANA CORTES WA 98221
Oak Investment Partners Xi L P 10 percent owner 901 MAIN AVENUE, SUITE 600, NORWALK CT 06851
Oak Investment Partners Xiii, Limited Partnership 10 percent owner 901 MAIN AVENUE, SUITE 600, NORWALK CT 06851