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Vantage Energy Acquisition Altman Z-Score

: N/A (As of Today)
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Vantage Energy Acquisition has a Altman Z-Score of N/A, 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 Vantage Energy Acquisition's Altman Z-Score or its related term are showing as below:

During the past 2 years, Vantage Energy Acquisition's highest Altman Z-Score was 20.67. The lowest was 0.00. And the median was 19.48.


Vantage Energy Acquisition Altman Z-Score Historical Data

The historical data trend for Vantage Energy Acquisition'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.

Vantage Energy Acquisition Annual Data
Trend Dec17 Dec18
Altman Z-Score
20.67 18.28

Vantage Energy Acquisition Quarterly Data
Feb17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18
Altman Z-Score Premium Member Only Premium Member Only Premium Member Only 20.67 20.45 20.30 20.34 18.28

Competitive Comparison

For the Conglomerates subindustry, Vantage Energy Acquisition'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.

   

Vantage Energy Acquisition Altman Z-Score Distribution

For the Conglomerates industry and Industrials sector, Vantage Energy Acquisition's Altman Z-Score distribution charts can be found below:

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



Vantage Energy Acquisition 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.

Vantage Energy Acquisition'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*-0.0061+1.4*0.0089+3.3*0.0104+0.6*0+1.0*0
=N/A

* 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. 2018:
Total Assets was $562.31 Mil.
Total Current Assets was $0.05 Mil.
Total Current Liabilities was $3.48 Mil.
Retained Earnings was $5.00 Mil.
Pre-Tax Income was 0.654 + 2.298 + 1.28 + 1.627 = $5.86 Mil.
Interest Expense was 0 + 0 + 0 + 0 = $0.00 Mil.
Revenue was 0 + 0 + 0 + 0 = $0.00 Mil.
Market Cap (Today) was $0.00 Mil.
Total Liabilities was $22.80 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
=(0.05 - 3.484)/562.313
=-0.0061

X2=Retained Earnings/Total Assets
=4.998/562.313
=0.0089

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(5.859 - 0)/562.313
=0.0104

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=0.000/22.804
=0

X5=Revenue/Total Assets
=0/562.313
=0

The zones of discrimination were as such:

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

Vantage Energy Acquisition has a Altman Z-Score of N/A 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.


Vantage Energy Acquisition  (NAS:VEACU) 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.


Vantage Energy Acquisition Altman Z-Score Related Terms

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Vantage Energy Acquisition Business Description

Vantage Energy Acquisition logo
Traded in Other Exchanges
N/A
Address
5221 N. O’Connor Boulevard, 11th Floor, Irving, TX, USA, 75039
Website
Vantage Energy Acquisition Corp is a blank check company.
Executives
Glick Craig S director 6122 NORWAY DALLAS TX 75230
Gieselman Scott director REG NEWCO, INC. 416 S. BELL AVENUE AMES IA 50010
Gannon Justin A. director 3 CHESTER DOWNS SAN ANTONIO TX 78257
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