GURUFOCUS.COM » STOCK LIST » USA » NAS » VOXX International Corp (NAS:VOXX) » Definitions » Altman Z-Score
Switch to:

VOXX International Altman Z-Score

: 2.20 (As of Today)
View and export this data going back to 1987. Start your Free Trial

Warning Sign:

Altman Z-score of 2.19 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.

VOXX International has a Altman Z-Score of 2.20, indicating it is in Grey Zones. This implies that VOXX International 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 VOXX International's Altman Z-Score or its related term are showing as below:

VOXX' s Altman Z-Score Range Over the Past 10 Years
Min: 1.41   Med: 3.2   Max: 9.8
Current: 2.19

During the past 13 years, VOXX International's highest Altman Z-Score was 9.80. The lowest was 1.41. And the median was 3.20.


VOXX International Altman Z-Score Historical Data

The historical data trend for VOXX International'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.

VOXX International Annual Data
Trend Feb13 Feb14 Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22
Altman Z-Score
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.23 1.92 1.98 3.66 2.15

VOXX International Quarterly Data
Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22
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 3.75 3.14 2.05 2.15 2.12

Competitive Comparison

For the Consumer Electronics subindustry, VOXX International'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.

   

VOXX International Altman Z-Score Distribution

For the Hardware industry and Technology sector, VOXX International's Altman Z-Score distribution charts can be found below:

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



VOXX International 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.

VOXX International'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*0.2254+1.4*0.2219+3.3*-0.0634+0.6*1.114+1.0*1.1599
=2.20

* 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 May. 2022:
Total Assets was $541.1 Mil.
Total Current Assets was $290.1 Mil.
Total Current Liabilities was $168.2 Mil.
Retained Earnings was $120.0 Mil.
Pre-Tax Income was -8.939 + 3.102 + -30.313 + -0.909 = $-37.1 Mil.
Interest Expense was -0.73 + -0.692 + -0.73 + -0.582 = $-2.7 Mil.
Revenue was 128.732 + 163.88 + 191.871 + 143.109 = $627.6 Mil.
Market Cap (Today) was $227.9 Mil.
Total Liabilities was $204.6 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
=(290.133 - 168.157)/541.097
=0.2254

X2=Retained Earnings/Total Assets
=120.046/541.097
=0.2219

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(-37.059 - -2.734)/541.097
=-0.0634

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=227.881/204.558
=1.114

X5=Revenue/Total Assets
=627.592/541.097
=1.1599

The zones of discrimination were as such:

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

VOXX International has a Altman Z-Score of 2.20 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.


VOXX International  (NAS:VOXX) 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.


VOXX International Altman Z-Score Related Terms

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


VOXX International Business Description

VOXX International logo
Traded in Other Exchanges
Address
2351 J. Lawson Boulevard, Orlando, FL, USA, 32824
VOXX International Corp is a manufacturer and supplier of consumer electronic products in the automotive, premium audio, and accessory industries. The company markets its products under the Audiovox brand name and other brand names and licensed brands. The company operates in three segments: Automotive Electronics, Consumer Electronics, and Biometrics. The company's product portfolio comprises rear-seat entertainment devices, satellite radio products, automotive security, digital TV tuners, mobile antennas, location-based services, high-end loudspeakers, digital living network alliance compatible devices, wireless and Bluetooth speakers, 360 Fly Action Cameras, reception and digital consumer products.
Executives
Kahli Beat 10 percent owner AVALON GROUP INTERNATIONAL, LLC 3801 AVALON PARK EAST BLVD., STE 400 ORLANDO FL 32828
Kahli Holding Ag 10 percent owner RIESBACHSTRASSE 57 ZURICH V8 8008
Mas Edward David officer: President Voxx Automotive Corp C/O VOXX INTERNATIONAL CORPORATION 180 MARCUS BOULEVARD HAUPPAUGE NY 11788
Adamovich John Jr director 180 MARCUS BLVD C/O VOXX INTERNATIONAL CORPORATION HAUPPAUGE NY 11788
Bernardo Oscar Leonard officer: COO Klipsch Group Inc. C/O VOXX INTERNATIONAL CORPORATION 180 MARCUS BLVD HAUPPAUGE NY 11788
Geise Ian Sebastian officer: President Voxx Accessories C/O VOXX INTERNATIONAL CORPORATION 180 MARCUS BLVD HAUPPAUGE NY 11788
Gibson Denise W. director 140 SCHOOL STREET LIBERTYVILLE IL 60048
Geis Ludwig officer: CEO VOXX Hirschmann Corp STUTTGARTER STRASSE 45 - 51 NECKARTENZLINGEN 2M 72654
Glasgow Stan director C/O VOXX INTERNATIONAL CORPORATION 180 MARCUS BLVD. HAUPPAUGE NY 11788
Kelley David P officer: Pres of Global Com for Klipsch 180 MARCUS BOULEVARD C/O AUDIOVOX CORPORATION HAUPPAUGE X1 11788
Farrar Frederick L officer: EVP/CFO for KGI C/O WINDROSE MEDICAL PROPERTIES TRUST 3502 WOODVIEW TRACE #210 INDIANAPOLIS IN 46268
Klipsch Michael F officer: Pres. Global Operations of KGI 180 MARCUS BOULEVARD C/O AUDIOVOX CORPORATION HAUPPAUGE X1 11788
Jacobs Paul officer: President & CEO of KGI 180 MARCUS BOULEVARD C/O AUDIOVOX CORPORATION HAUPPAUGE X1 11788
Shalam Ari director C/O AUDIOVOX CORP 150 MARCUS BLVD HAUPPAUGE NY 11788
Klipsch Fred S director

VOXX International Headlines

Other Sources

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)