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Iron Mountain Altman Z-Score

: 0.85 (As of Today)
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Warning Sign:

Altman Z-score of 0.85 is in distress zone. This implies bankrupcy possibility in the next two years.

Iron Mountain has a Altman Z-Score of 0.85, 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 Iron Mountain's Altman Z-Score or its related term are showing as below:

NYSE:IRM' s Altman Z-Score Range Over the Past 10 Years
Min: 0.44   Med: 1.27   Max: 1.95
Current: 0.85

0.44
1.95

During the past 13 years, Iron Mountain's highest Altman Z-Score was 1.95. The lowest was 0.44. And the median was 1.27.


Iron Mountain Altman Z-Score Historical Data

The historical data trend for Iron Mountain'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.

Iron Mountain Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Altman Z-Score
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.02 1.10 0.86 0.61 0.52

Iron Mountain 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 0.47 0.44 0.52 0.60 0.81

Competitive Comparison

For the REIT - Specialty subindustry, Iron Mountain'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.

   

Iron Mountain Altman Z-Score Distribution

For the REITs industry and Real Estate sector, Iron Mountain's Altman Z-Score distribution charts can be found below:

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



Iron Mountain 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.

Iron Mountain'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*-0.025+1.4*-0.2088+3.3*0.0818+0.6*1.0113+1.0*0.3003
=0.85

* 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 $14,314 Mil.
Total Current Assets was $1,391 Mil.
Total Current Liabilities was $1,748 Mil.
Retained Earnings was $-2,989 Mil.
Pre-Tax Income was 386.938 + 61.271 + 243.06 + 52.496 = $744 Mil.
Interest Expense was -106.347 + -106.993 + -106.948 + -106.779 = $-427 Mil.
Revenue was 1119.756 + 1082.04 + 1059.653 + 1036.647 = $4,298 Mil.
Market Cap (Today) was $13,315 Mil.
Total Liabilities was $13,167 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
=(1390.608 - 1748.202)/14314.316
=-0.025

X2=Retained Earnings/Total Assets
=-2988.896/14314.316
=-0.2088

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(743.765 - -427.067)/14314.316
=0.0818

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=13315.174/13166.574
=1.0113

X5=Revenue/Total Assets
=4298.096/14314.316
=0.3003

The zones of discrimination were as such:

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

Iron Mountain has a Altman Z-Score of 0.85 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.


Iron Mountain  (NYSE:IRM) 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.


Iron Mountain Altman Z-Score Related Terms

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


Iron Mountain Business Description

Iron Mountain logo
Industry
Real Estate » REITs NAICS : 523991 SIC : 6798
Traded in Other Exchanges
Address
One Federal Street, Boston, MA, USA, 02110
Iron Mountain Inc is a record management services provider. The firm is organized as a REIT. Most of its revenue comes from its storage business, with the rest coming from value-added services. The firm primarily caters to enterprise clients in developed markets. Its business segments include Global RIM Business; Global Data Center Business; and Corporate and Other Business.
Executives
Simons Doyle director 220 OCCIDENTAL AVENUE SOUTH SEATTLE WA 98104
Matlock Robin director C/O IRON MOUNTAIN INCORPORATED ONE FEDERAL STREET BOSTON MA 02110
Verrecchia Alfred J director C/O HASBRO INC 1011 NEWPORT AVENUE PAWTUCKET RI 02862
Halvorsen Kris director 20330 STEVENS CREEK BLVD CUPERTINO CA 95014
Bailey Clark H director 10 OXFORD ROAD LARCHMONT NY 01538
Borges Daniel officer: SVP & Chief Accounting Officer C/O IRON MOUNTAIN INCORPORATED ONE FEDERAL STREET BOSTON MA 02110
Allerton Jennifer director C/O IRON MOUNTAIN INCORPORATED ONE FEDERAL STREET BOSTON MA 02110
Rakowich Walter C director 14100 E 35TH PL AURORA CO 80011
Arway Pamela M director 601 HAWAII ST. EL SEGUNDO CA 90245
Ford Monte E director C/O AKAMAI TECHNOLOGIES, INC. 8 CAMBRIDGE CENTER CAMBRIDGE MA 02142
Murdock Wendy J. director C/O IRON MOUNTAIN INCORPORATED ONE FEDERAL STREET BOSTON MA 02110
Deninger Paul F director C/O JEFFERIES & CO. 1050 WINTER STREET WALTHAM MA 02451
Dauten Kent P director KEYSTONE CAPITAL INC 520 LAKE COOK ROAD SUITE 450 DEERFIELD IL 60015
Antenucci Ted R director 14100 E 35TH PLACE AURORA CO 80011
Russo Fidelma officer: EVP, Chief Technology Officer C/O IRON MOUNTAIN INCORPORATED ONE FEDERAL STREET BOSTON MA 02110

Iron Mountain Headlines

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