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WillScot Mobile Mini Holdings Altman Z-Score

: 1.50 (As of Today)
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Warning Sign:

Altman Z-score of 1.55 is in distress zone. This implies bankruptcy possibility in the next two years.

WillScot Mobile Mini Holdings has a Altman Z-Score of 1.50, 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 WillScot Mobile Mini Holdings's Altman Z-Score or its related term are showing as below:

WSC' s Altman Z-Score Range Over the Past 10 Years
Min: -0.76   Med: 0.31   Max: 1.62
Current: 1.55

During the past 7 years, WillScot Mobile Mini Holdings's highest Altman Z-Score was 1.62. The lowest was -0.76. And the median was 0.31.


WillScot Mobile Mini Holdings Altman Z-Score Historical Data

The historical data trend for WillScot Mobile Mini Holdings'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.

WillScot Mobile Mini Holdings Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Altman Z-Score
Premium Member Only Premium Member Only -0.74 -0.25 -0.01 0.79 1.58

WillScot Mobile Mini Holdings Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
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 1.01 1.20 1.58 1.52 -

Competitive Comparison

For the Rental & Leasing Services subindustry, WillScot Mobile Mini Holdings'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.

   

WillScot Mobile Mini Holdings Altman Z-Score Distribution

For the Business Services industry and Industrials sector, WillScot Mobile Mini Holdings's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where WillScot Mobile Mini Holdings's Altman Z-Score falls into.



WillScot Mobile Mini Holdings 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.

WillScot Mobile Mini Holdings'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*-0.0095+1.4*-0.2453+3.3*0.0743+0.6*2.0939+1.0*0.3511
=1.50

* 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. 2022:
Total Assets was $5,979 Mil.
Total Current Assets was $540 Mil.
Total Current Liabilities was $597 Mil.
Retained Earnings was $-1,467 Mil.
Pre-Tax Income was 98.087 + 66.919 + 87.816 + 67.747 = $321 Mil.
Interest Expense was -33.574 + -30.99 + -29.61 + -29.201 = $-123 Mil.
Revenue was 581.642 + 508.894 + 517.92 + 490.552 = $2,099 Mil.
Market Cap (Today) was $8,804 Mil.
Total Liabilities was $4,205 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
=(540.286 - 596.847)/5978.808
=-0.0095

X2=Retained Earnings/Total Assets
=-1466.543/5978.808
=-0.2453

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(320.569 - -123.375)/5978.808
=0.0743

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=8804.469/4204.858
=2.0939

X5=Revenue/Total Assets
=2099.008/5978.808
=0.3511

The zones of discrimination were as such:

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

WillScot Mobile Mini Holdings has a Altman Z-Score of 1.50 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.


WillScot Mobile Mini Holdings  (NAS:WSC) 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.


WillScot Mobile Mini Holdings Altman Z-Score Related Terms

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


WillScot Mobile Mini Holdings Business Description

WillScot Mobile Mini Holdings logo
Traded in Other Exchanges
Address
4646 E Van Buren Street, Suite 400, Phoenix, AZ, USA, 85008
WillScot Mobile Mini Holdings Corp is a North American company providing modular space and portable storage solutions. The company leases turnkey office space and storage solutions for temporary applications across a diverse customer base in the commercial and industrial, construction, retail, education, health care, government, transportation, security, and energy sectors. Its operating segment includes North America Modular; North America Storage; United Kingdom Storage and Tank and Pump. The company generates maximum revenue from the NA Modular segment. Geographically, it derives a majority of revenue from the United States.
Executives
Davis Erika T director
Upchurch Michael W director KANSAS CITY SOUTHERN PO BOX 219335 KANSAS CITY MO 64121
Goble Jeffrey S director 10617 NORTH HAYDEN ROAD SUITE 100 SCOTTSDALE AZ 85260
Williams Kelly M officer: President and COO 7420 S. KYRENE ROAD, SUITE 101 TEMPE AZ 85283
Miner Christopher J officer: SVP, GC & Secretary 7420 SOUTH KYRENE ROAD SUITE 101 TEMPE AZ 85253
Olsson Erik director C/O RSC HOLDINGS INC. 6929 E. GREENWAY PARKWAY SCOTTSDALE AZ 85254
Mcwaters Kimberly J director 20410 NORTH 19TH AVENUE PHOENIX AZ 85027
Dial Sara R. director 3300 W. CAMELBACK ROAD SCOTTSDALE AZ 85017
Lopez Hezron T. officer: V.P.,Gen Counsel, Corp. Sec. 855 EAST MAIN AVE ZEELAND MI 49464
Owen Rebecca L director 1750 H STREET, SUITE 500 COLUMBIA EQUITY TRUST, INC. WASHINGTON DC 20006
Robertson Stephen director, 10 percent owner 20 BENTINCK STREET LONDON X0 W1U 2EU
Tdr Capital Ii Holdings L.p. 10 percent owner 20 BENTINCK STREET LONDON X0 W1U 2EU
Sapphire Holding S.a R.l. 10 percent owner C/O TDR CAPITAL LLP 20 BENTINCK STREET LONDON X0 W1U 2EU
Lindsay Gary director TDR CAPITAL 20 BENTINCK STREET LONDON X0 W1U 2EU
Tdr Capital Llp 10 percent owner 20 BENTINCK STREET LONDON X0 W1U 2EU

WillScot Mobile Mini Holdings Headlines

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