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AquaBounty Technologies Altman Z-Score

: 5.84 (As of Today)
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Warning Sign:

Altman Z-score of 2.17 is in grey area. The implies that the company is in some kind of financial stress. If it is below 1.8, the company may faces bankrupcy risk.

AquaBounty Technologies has a Altman Z-Score of 5.84, 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 AquaBounty Technologies's Altman Z-Score or its related term are showing as below:

NAS:AQB' s Altman Z-Score Range Over the Past 10 Years
Min: -51.46   Med: -10.57   Max: -4.87
Current: 2.17

-51.46
-4.87

During the past 13 years, AquaBounty Technologies's highest Altman Z-Score was -4.87. The lowest was -51.46. And the median was -10.57.


AquaBounty Technologies Altman Z-Score Historical Data

The historical data trend for AquaBounty Technologies'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.

AquaBounty Technologies Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Altman Z-Score
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -28.48 -7.75 -7.14 - -

AquaBounty Technologies Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
Altman Z-Score 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 Premium Member Only Premium Member Only Premium Member Only - - - - -

Competitive Comparison

For the Farm Products subindustry, AquaBounty Technologies'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.

   

AquaBounty Technologies Altman Z-Score Distribution

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

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



AquaBounty Technologies 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.

AquaBounty Technologies'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*0.8541+1.4*-0.7123+3.3*-0.0953+0.6*10.201+1.0*0.0035
=5.84

* 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. 2021:
Total Assets was $231.35 Mil.
Total Current Assets was $200.23 Mil.
Total Current Liabilities was $2.64 Mil.
Retained Earnings was $-164.80 Mil.
Pre-Tax Income was -6.865 + -5.231 + -4.159 + -6.117 = $-22.37 Mil.
Interest Expense was -0.079 + -0.08 + -0.079 + -0.079 = $-0.32 Mil.
Revenue was 0.455 + 0.227 + 0.074 + 0.05 = $0.81 Mil.
Market Cap (Today) was $117.90 Mil.
Total Liabilities was $11.56 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
=(200.232 - 2.638)/231.353
=0.8541

X2=Retained Earnings/Total Assets
=-164.797/231.353
=-0.7123

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(-22.372 - -0.317)/231.353
=-0.0953

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=117.903/11.558
=10.201

X5=Revenue/Total Assets
=0.806/231.353
=0.0035

The zones of discrimination were as such:

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

AquaBounty Technologies has a Altman Z-Score of 5.84 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.


AquaBounty Technologies  (NAS:AQB) 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.


AquaBounty Technologies Altman Z-Score Related Terms

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


AquaBounty Technologies Business Description

AquaBounty Technologies logo
Industry
Traded in Other Exchanges
Address
2 Mill and Main Place, Suite 395, Maynard, MA, USA, 01754
AquaBounty Technologies Inc is engaged in the field of land-based aquaculture and the use of technology for improving its productivity and sustainability. The company's objective is to ensure the availability of high-quality seafood to meet global consumer demand while addressing critical production constraints in the most popular farmed species.
Executives
Kirk Randal J 10 percent owner 1881 GROVE AVENUE RADFORD VA 24141
Czypinski Alana director, 10 percent owner 1881 GROVE AVENUE RADFORD VA 24141
Turk James C Jr director TWO CLOCK TOWER PLACE SUITE 395 MAYNARD MA 01745
Frank David A officer: See Remarks 2 MILL & MAIN PLACE, SUITE 395 MAYNARD MA 01754
Sterling Rick L. director 20374 SENECA MEADOWS PARKWAY GERMANTOWN MD 20876
Huber Richard L director 2 MILL & MAIN PLACE, SUITE 395 MAYNARD MA 01754
Fisher Theodore John director 1881 GROVE AVENUE RADFORD VA 24141
St.clare Christine director 405 EAGLEVIEW BLVD. EXTON PA 19341
Clothier Richard J director TWO CLOCK TOWER PLACE SUITE 395 MAYNARD MA 01745
Rojas Alejandro officer: See Remarks TWO CLOCK TOWER PLACE SUITE 395 MAYNARD MA 01745
Wulf Sylvia director, officer: See Remarks 2 MILL & MAIN PLACE, SUITE 395 MAYNARD MA 01754
Olsen Angela M officer: See Remarks C/O AQUABOUNTY TECHNOLOGIES, INC. 2 MILL & MAIN PLACE, SUITE 395 MAYNARD MA 01754
Intrexon Corp 10 percent owner 20374 SENECA MEADOWS PARKWAY GERMANTOWN MD 20876
Perez Jeffrey Thomas director 20358 SENECA MEADOWS PARKWAY GERMANTOWN MD 20876
Stotish Ronald L director, officer: See Remarks 2 MILL & MAIN PLACE, SUITE 395 MAYNARD MA 01754

AquaBounty Technologies Headlines

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