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INDUS Realty Trust Altman Z-Score

: 2.32 (As of Today)
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Warning Sign:

Altman Z-score of 2.3 is in the grey area. This implies that the company is under some kind of financial stress. If it is below 1.8, the company may face bankruptcy risk.

INDUS Realty Trust has a Altman Z-Score of 2.32, indicating it is in Grey Zones. This implies that INDUS Realty Trust is in some kind of financial stress. If it is below 1.81, the company may face bankrupcy risk.

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 INDUS Realty Trust's Altman Z-Score or its related term are showing as below:

INDT' s Altman Z-Score Range Over the Past 10 Years
Min: 0.81   Med: 1.69   Max: 4.73
Current: 2.3

During the past 13 years, INDUS Realty Trust's highest Altman Z-Score was 4.73. The lowest was 0.81. And the median was 1.69.


INDUS Realty Trust Altman Z-Score Historical Data

The historical data trend for INDUS Realty Trust'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.

INDUS Realty Trust Annual Data
Trend Nov11 Nov12 Nov13 Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20
Altman Z-Score
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.10 1.23 0.97 0.94 1.40

INDUS Realty Trust Quarterly Data
Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
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 1.64 1.59 2.88 2.61 2.16

Competitive Comparison

For the Real Estate Services subindustry, INDUS Realty Trust'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.

   

INDUS Realty Trust Altman Z-Score Distribution

For the Real Estate industry and Real Estate sector, INDUS Realty Trust's Altman Z-Score distribution charts can be found below:

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



INDUS Realty Trust 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.

INDUS Realty Trust'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*0.1148+1.4*-0.0188+3.3*0.0396+0.6*3.3413+1.0*0.0778
=2.32

* 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 Jun. 2022:
Total Assets was $586.82 Mil.
Total Current Assets was $88.14 Mil.
Total Current Liabilities was $20.80 Mil.
Retained Earnings was $-11.04 Mil.
Pre-Tax Income was 1.926 + 0.152 + 19.612 + -3.523 = $18.17 Mil.
Interest Expense was -0.152 + -1.519 + -1.717 + -1.7 = $-5.09 Mil.
Revenue was 11.728 + 11.519 + 11.662 + 10.754 = $45.66 Mil.
Market Cap (Today) was $657.40 Mil.
Total Liabilities was $196.75 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
=(88.135 - 20.795)/586.822
=0.1148

X2=Retained Earnings/Total Assets
=-11.039/586.822
=-0.0188

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(18.167 - -5.088)/586.822
=0.0396

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=657.404/196.751
=3.3413

X5=Revenue/Total Assets
=45.663/586.822
=0.0778

The zones of discrimination were as such:

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

INDUS Realty Trust has a Altman Z-Score of 2.32 indicating it is in Grey Zones.

Study by Altman found that companies that are in Distress Zone have more than 80% of chances of bankruptcy in two years.


INDUS Realty Trust  (NAS:INDT) 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.


INDUS Realty Trust Altman Z-Score Related Terms

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


INDUS Realty Trust Business Description

INDUS Realty Trust logo
Traded in Other Exchanges
Address
641 Lexington Avenue, 26th Floor, New York, NY, USA, 10022
INDUS Realty Trust Inc is a real estate company. The company is engaged in developing, managing and leasing industrial properties, and to a lesser extent, office/flex properties. The major developments include industrial parks, Carolina Tradeport, New England Tradeport, and Lehigh Valley.
Executives
Cpref Ii Aiv Ii - A, L.p. 10 percent owner 375 PARK AVENUE NEW YORK NY 10152
Centerbridge Partners Real Estate Associates Ii, L.p. 10 percent owner 375 PARK AVENUE NEW YORK NY 10152
Centerbridge Partners Real Estate Fund Sbs Ii, L.p. 10 percent owner 375 PARK AVENUE NEW YORK NY 10152
Cpref Ii Cayman Gp Ltd. 10 percent owner 375 PARK AVENUE NEW YORK NY 10152
Cpref Ii Aiv Ii - B, L.p. 10 percent owner 375 PARK AVENUE NEW YORK NY 10152
Aronson Jeffrey 10 percent owner 375 PARK AVENUE, 12TH FLOOR NEW YORK NY 10152
Ccp Sbs Gp, Llc 10 percent owner C/O CENTERBRIDGE PARTNERS, L.P. 375 PARK AVENUE, 12TH FLOOR NEW YORK NY 10152
Conversant Gp Holdings Llc 10 percent owner 90 PARK AVENUE 32ND FLOOR NEW YORK NY 10016
Conversant Capital Llc 10 percent owner 25 DEFOREST AVENUE, 3RD FLOOR SUMMIT NJ 07901
Simanovsky Michael 10 percent owner 90 PARK AVENUE 32ND FLOOR NEW YORK NY 10016
Clark Jon W. officer: Executive Vice President 420 LEXINGTON AVE. NEW YORK NY 10170
Daniells Thomas M officer: Senior Vice President 20 RIVER ROAD ESSEX CT 06426
Yaghoubi Ardevan director 90 PARK AVENUE 32ND FLOOR NEW YORK NY 10016
Dugan Gordon F director 50 ROCKEFELLER PLZ 2ND FLOOR NEW YORK NY 10020
North Molly director 3456 CORNELL PL CINCINNATI OH 45220

INDUS Realty Trust Headlines

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