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Viasat Altman Z-Score

: 1.31 (As of Today)
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Warning Sign:

Altman Z-score of 1.31 is in distress zone. This implies bankrupcy possibility in the next two years.

Viasat has a Altman Z-Score of 1.31, 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 Viasat's Altman Z-Score or its related term are showing as below:

NAS:VSAT' s Altman Z-Score Range Over the Past 10 Years
Min: 1.06   Med: 3.98   Max: 25.46
Current: 1.31

1.06
25.46

During the past 13 years, Viasat's highest Altman Z-Score was 25.46. The lowest was 1.06. And the median was 3.98.


Viasat Altman Z-Score Historical Data

The historical data trend for Viasat'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.

Viasat Annual Data
Trend Mar12 Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21
Altman Z-Score
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.64 2.02 2.10 1.15 1.25

Viasat Quarterly Data
Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21
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 1.17 1.10 1.06 1.25 1.24

Competitive Comparison

For the Communication Equipment subindustry, Viasat'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.

   

Viasat Altman Z-Score Distribution

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

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



Viasat 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.

Viasat'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*0.0648+1.4*0.0444+3.3*0.0141+0.6*1.2121+1.0*0.3988
=1.31

* 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. 2021:
Total Assets was $5,995 Mil.
Total Current Assets was $1,133 Mil.
Total Current Liabilities was $745 Mil.
Retained Earnings was $266 Mil.
Pre-Tax Income was 14.181 + 23.577 + 13.994 + 3.021 = $55 Mil.
Interest Expense was -6.292 + -5.493 + -7.88 + -9.79 = $-29 Mil.
Revenue was 664.86 + 595.782 + 575.559 + 554.278 = $2,390 Mil.
Market Cap (Today) was $4,045 Mil.
Total Liabilities was $3,338 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
=(1133.028 - 744.555)/5994.533
=0.0648

X2=Retained Earnings/Total Assets
=266.032/5994.533
=0.0444

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(54.773 - -29.455)/5994.533
=0.0141

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=4045.387/3337.523
=1.2121

X5=Revenue/Total Assets
=2390.479/5994.533
=0.3988

The zones of discrimination were as such:

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

Viasat has a Altman Z-Score of 1.31 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.


Viasat  (NAS:VSAT) 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.


Viasat Altman Z-Score Related Terms

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


Viasat Business Description

Viasat logo
Industry
Technology » Hardware NAICS : 334220 SIC : 3663
Traded in Other Exchanges
Address
6155 El Camino Real, Carlsbad, CA, USA, 92009
Viasat Inc provides bandwidth technologies and services in three segments: satellite services, which provides satellite-based high-speed broadband services to consumers, enterprises, and commercial airlines; commercial networks, which develops end-to-end communication and connectivity systems; and government systems, which produces network-centric Internet Protocol-based secure government communication systems. A large majority of the firm's revenue is generated in the United States, with the rest coming from the Americas, Europe, Middle East, Africa, and Asia-Pacific.
Executives
Stenbit John P director PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: STENBIT JOHN P a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;}
Wise Theresa director 400 FAIRVIEW AVENUE NORTH SUITE 1200 SEATTLE WA 98109
Johnson Robert W director 2280 UNIVERSITY DRIVE NEWPORT BEACH CA 92660
Rao Varsha Rajendra director 6155 EL CAMINO REAL CARLSBAD CA 92009
Pak Sean director 6155 EL CAMINO REAL CARLSBAD CA 92009
Klarman Seth A 10 percent owner 10 ST JAMES AVENUE STE 1700 BOSTON MA 02116
Baupost Group Llc/ma 10 percent owner 10 ST JAMES AVE SUITE 1700 BOSTON MA 02116
Baupost Group Gp, L.l.c. 10 percent owner 10 ST. JAMES AVENUE SUITE 1700 BOSTON MA 02116
Peck Bobby Ray Jr 10 percent owner 199 FREMONT ST SUITE 2500 SAN FRANCISCO CA 94105
Raab Andrew John 10 percent owner 199 FREMONT ST SUITE 2500 SAN FRANCISCO CA 94105
Fpr Partners Llc 10 percent owner 199 FREMONT STREET SUITE 2500 SAN FRANCISCO CA 94105
White Harvey director PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: WHITE HARVEY a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;}
Ryan David Louis officer: President Commercial Networks 6155 EL CAMINO REAL CARLSBAD CA 92009
Dodd James Michael officer: President, Global Mobile 6155 EL CAMINO REAL CARLSBAD CA 92009
Lippert Keven K officer: Executive Vice President 6155 EL CAMINO REAL CARLSBAD CA 92009

Viasat Headlines

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