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Kirkland's Altman Z-Score

: 2.52 (As of Today)
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Warning Sign:

Altman Z-score of 2.52 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.

Kirkland's has a Altman Z-Score of 2.52, indicating it is in Grey Zones. This implies that Kirkland's 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 Kirkland's's Altman Z-Score or its related term are showing as below:

NAS:KIRK' s Altman Z-Score Range Over the Past 10 Years
Min: 0.56   Med: 3.85   Max: 9.21
Current: 2.52

0.56
9.21

During the past 13 years, Kirkland's's highest Altman Z-Score was 9.21. The lowest was 0.56. And the median was 3.85.


Kirkland's Altman Z-Score Historical Data

The historical data trend for Kirkland's'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.

Kirkland's Annual Data
Trend Jan12 Jan13 Jan14 Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21
Altman Z-Score
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.57 3.07 3.13 0.70 2.04

Kirkland's Quarterly Data
Oct16 Jan17 Apr17 Jul17 Oct17 Jan18 Apr18 Jul18 Oct18 Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21
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 0.79 1.22 2.04 2.69 2.43

Competitive Comparison

For the Specialty Retail subindustry, Kirkland's'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.

   

Kirkland's Altman Z-Score Distribution

For the Retail - Cyclical industry and Consumer Cyclical sector, Kirkland's's Altman Z-Score distribution charts can be found below:

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



Kirkland's 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.

Kirkland's'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*0.0623+1.4*-0.2622+3.3*0.127+0.6*1.1846+1.0*1.6802
=2.52

* 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 Jul. 2021:
Total Assets was $345.1 Mil.
Total Current Assets was $146.0 Mil.
Total Current Liabilities was $124.6 Mil.
Retained Earnings was $-90.5 Mil.
Pre-Tax Income was 0.222 + 2.049 + 28.187 + 13.047 = $43.5 Mil.
Interest Expense was -0.076 + -0.085 + -0.087 + -0.095 = $-0.3 Mil.
Revenue was 114.79 + 123.569 + 194.918 + 146.609 = $579.9 Mil.
Market Cap (Today) was $308.6 Mil.
Total Liabilities was $260.5 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
=(146.044 - 124.557)/345.125
=0.0623

X2=Retained Earnings/Total Assets
=-90.488/345.125
=-0.2622

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(43.505 - -0.343)/345.125
=0.127

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=308.617/260.523
=1.1846

X5=Revenue/Total Assets
=579.886/345.125
=1.6802

The zones of discrimination were as such:

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

Kirkland's has a Altman Z-Score of 2.52 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.


Kirkland's  (NAS:KIRK) 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.


Kirkland's Altman Z-Score Related Terms

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


Kirkland's Business Description

Kirkland's logo
Industry
Consumer Cyclical » Retail - Cyclical NAICS : 442299 SIC : 5999
Traded in Other Exchanges
Address
5310 Maryland Way, Brentwood, TN, USA, 37027
Kirkland's Inc is a specialty retailer of home decor and gifts in the United States. Its stores provide various merchandise, including holiday decor, framed arts, furniture, ornamental wall decor, fragrance and accessories, mirrors, lamps, decorative accessories, textiles, housewares, gifts, artificial floral products, frames, clocks, and outdoor living items. Its stores also offer an assortment of holiday merchandise in seasonal periods, as well as items that are suitable for gift-giving.
Executives
Martin Jeffrey T. officer: Sr. VP of Omni-Channel Retail 5310 MARYLAND WAY BRENTWOOD TN 37027
Collins Steven J director 29 VINTON STREET, #5 BOSTON MA 02127
Woodward Steven C director, officer: President and CEO 550 BAILEY AVENUE FORT WORTH TX 76107
Strain Nicole Allyson officer: Chief Financial Officer 5310 MARYLAND WAY BRENTWOOD TN 37027
Pleas Charles Iii director 123 S. FRONT STREET DEPT. 8074 MEMPHIS TN 38103
Lanigan Susan S director 100 MISSION RIDGE GOODLETTSVILLE TN 37072
Cairnes Mike officer: President and COO 5310 MARYLAND WAY BRENTWOOD TN 37027
Sandfort Gregory A director TRACTOR SUPPLY COMPANY 5401 VIRGINIA WAY BRENTWOOD TN 37027
Spain Murray director C/O B&M LEASING 283 2ND STREET PIKE SUITE 110 SOUTHAMPTON PA 18966
Parks Ralph T director 451 INDUSTRIAL LANE BIRMINGHAM AL 35211
Global Private Equity Ii Limited Partnership other: Member of Group > 10% C/O ADVENT INTERNATIONAL CORP 75 STATE ST 29TH FLOOR BOSTON MA 02104
Advent Direct Investment Program Limited Partnership other: Member of Group > 10% C/O ADVENT INTERNATIONAL CORP 75 STATE ST 29TH FLOOR BOSTON MA 02104
Advent Partners Limited Partnership other: Member of Group > 10% C/O ADVENT INTERNATIONAL CORP 75 STATE ST 29TH FLOOR BOSTON MA 02104
Advent International Limited Partnership other: Member of Group > 10% C/O ADVENT INTERNATIONAL CORP 75 STATE ST 29TH FLOOR BOSTON MA 02104
Advent International Corp/ma other: Member of Group > 10% 800 BOYLSTON STREET SUITE 3300 BOSTON MA 02199

Kirkland's Headlines

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