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Jewett-Cameron Trading Co Altman Z-Score

: 13.29 (As of Today)
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Jewett-Cameron Trading Co has a Z-score of 13.29, indicating it is in Safe Zones. This implies the Z-Score is strong.

The zones of discrimination were as such:

When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.

NAS:JCTCF' s Altman Z-Score Range Over the Past 10 Years
Min: 3.53   Max: 19.75
Current: 12.95

3.53
19.75

During the past 13 years, Jewett-Cameron Trading Co's highest Altman Z-Score was 19.75. The lowest was 3.53. And the median was 8.29.


Jewett-Cameron Trading Co Altman Z-Score Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Jewett-Cameron Trading Co Annual Data
Aug09 Aug10 Aug11 Aug12 Aug13 Aug14 Aug15 Aug16 Aug17 Aug18
Altman Z-Score Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 16.02 11.59 12.86 12.63 15.31

Jewett-Cameron Trading Co Quarterly Data
Aug14 Nov14 Feb15 May15 Aug15 Nov15 Feb16 May16 Aug16 Nov16 Feb17 May17 Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19
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 11.71 15.31 11.86 18.32 13.52

Competitive Comparison
* 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.


Jewett-Cameron Trading Co Altman Z-Score Distribution

* The bar in red indicates where Jewett-Cameron Trading Co's Altman Z-Score falls into.



Jewett-Cameron Trading Co Altman Z-Score Calculation

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.

Jewett-Cameron Trading Co'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*0.7843+1.4*0.8342+3.3*0.1413+0.6*14.5363+1.0*1.9972
=13.29

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency. GuruFocus does not calculate Altman Z-Score when X4 or X5 value is 0.

Trailing Twelve Months (TTM) ended in May. 2019:
Total Assets was $22.46 Mil.
Total Current Assets was $19.70 Mil.
Total Current Liabilities was $2.09 Mil.
Retained Earnings was $18.73 Mil.
Pre-Tax Income was 1.514 + 0.172 + 0.496 + 0.99 = $3.17 Mil.
Interest Expense was 0 + 0 + 0 + 0 = $0.00 Mil.
Revenue was 16.692 + 7.857 + 9.066 + 11.233 = $44.85 Mil.
Market Cap (Today) was $31.63 Mil.
Total Liabilities was $2.18 Mil.

X1=Working Capital/Total Assets
=(Total Current Assets - Total Current Liabilities)/Total Assets
=(19.701 - 2.09)/22.455
=0.7843

X2=Retained Earnings/Total Assets
=18.731/22.455
=0.8342

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income + Interest Expense)/Total Assets
=(3.172 + 0)/22.455
=0.1413

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=31.631/2.176
=14.5363

X5=Revenue/Total Assets
=44.848/22.455
=1.9972

The zones of discrimination were as such:

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

Jewett-Cameron Trading Co has a Z-score of 13.29 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.


Jewett-Cameron Trading Co  (NAS:JCTCF) 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

Z score does not apply to financial companies.


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