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Winny Immigration and Education Services (NSE:WINNY) Altman Z-Score : 15.44 (As of Dec. 15, 2024)


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What is Winny Immigration and Education Services Altman Z-Score?

The Altman Z-Score is a model designed to predict the likelihood of a company going bankrupt within the next two years. Created by American finance professor Edward Altman in 1968, the model is specifically designed for publicly traded manufacturing companies with assets greater than $1 million.

Good Sign:

Altman Z-score of 13.92 is strong.

Winny Immigration and Education Services has a Altman Z-Score of 15.44, indicating it is in Safe Zones. This implies the Altman Z-Score is strong.

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 Winny Immigration and Education Services's Altman Z-Score or its related term are showing as below:

NSE:WINNY' s Altman Z-Score Range Over the Past 10 Years
Min: 0   Med: 0   Max: 13.92
Current: 13.92

During the past 3 years, Winny Immigration and Education Services's highest Altman Z-Score was 13.92. The lowest was 0.00. And the median was 0.00.


Winny Immigration and Education Services Altman Z-Score Historical Data

The historical data trend for Winny Immigration and Education Services'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.

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Winny Immigration and Education Services Altman Z-Score Chart

Winny Immigration and Education Services Annual Data
Trend Mar22 Mar23 Mar24
Altman Z-Score
- - -

Winny Immigration and Education Services Semi-Annual Data
Mar22 Mar23 Mar24
Altman Z-Score - - -

Competitive Comparison of Winny Immigration and Education Services's Altman Z-Score

For the Consulting Services subindustry, Winny Immigration and Education Services'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.


Winny Immigration and Education Services's Altman Z-Score Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Winny Immigration and Education Services's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Winny Immigration and Education Services's Altman Z-Score falls into.



Winny Immigration and Education Services 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.

Winny Immigration and Education Services'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*0.2513+1.4*0.1454+3.3*0.1212+0.6*21.1111+1.0*1.8678
=15.44

* 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 Mar. 2024:
Total Assets was ₹54.3 Mil.
Total Current Assets was ₹40.6 Mil.
Total Current Liabilities was ₹27.0 Mil.
Retained Earnings was ₹7.9 Mil.
Pre-Tax Income was ₹5.3 Mil.
Interest Expense was ₹-1.3 Mil.
Revenue was ₹101.4 Mil.
Market Cap (Today) was ₹658.9 Mil.
Total Liabilities was ₹31.2 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
=(40.636 - 26.995)/54.284
=0.2513

X2=Retained Earnings/Total Assets
=7.892/54.284
=0.1454

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(5.251 - -1.328)/54.284
=0.1212

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=658.921/31.212
=21.1111

X5=Revenue/Total Assets
=101.393/54.284
=1.8678

The zones of discrimination were as such:

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

Winny Immigration and Education Services has a Altman Z-Score of 15.44 indicating it is in Safe Zones.

Study by Altman found that companies that are in Distress Zone have more than 80% of chances of bankruptcy in two years.


Winny Immigration and Education Services  (NSE:WINNY) 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.


Winny Immigration and Education Services Altman Z-Score Related Terms

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Winny Immigration and Education Services Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
103-104, ATP Arcade, Above Mr. Bean's Coffee Shop, Near National Handloom House, Law Garden, Ahmedabad, GJ, IND, 380006
Winny Immigration and Education Services Ltd is engaged in the visa consultancy business. It provides assistance (Service) to individuals for study, travel, work, business, and migration purposes and has a range of services such as: 1. Training for Language Proficiency Examinations. 2. Consulting and processing a range of Temporary Residence Visas. 3. Consulting and processing Permanent Residency Visas. Most clients choose to migrate to the USA, Canada, Australia, New Zealand, UK and Europe.

Winny Immigration and Education Services Headlines

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