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Knight-Swift Transportation Holdings Altman Z-Score

: 3.21 (As of Today)
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Good Sign:

Altman Z-score of 3.2 is strong.

Knight-Swift Transportation Holdings has a Altman Z-Score of 3.21, 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 Knight-Swift Transportation Holdings's Altman Z-Score or its related term are showing as below:

NYSE:KNX' s Altman Z-Score Range Over the Past 10 Years
Min: 1.98   Med: 6.68   Max: 10.94
Current: 3.2

1.98
10.94

During the past 13 years, Knight-Swift Transportation Holdings's highest Altman Z-Score was 10.94. The lowest was 1.98. And the median was 6.68.


Knight-Swift Transportation Holdings Altman Z-Score Historical Data

The historical data trend for Knight-Swift Transportation 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.

Knight-Swift Transportation Holdings 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 6.41 2.55 2.24 2.39 2.66

Knight-Swift Transportation Holdings 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 2.64 2.54 2.66 2.94 2.95

Competitive Comparison

For the Trucking subindustry, Knight-Swift Transportation 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.

   

Knight-Swift Transportation Holdings Altman Z-Score Distribution

For the Transportation industry and Industrials sector, Knight-Swift Transportation Holdings's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Knight-Swift Transportation Holdings's Altman Z-Score falls into.



Knight-Swift Transportation 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.

Knight-Swift Transportation 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*0.0425+1.4*0.2024+3.3*0.0872+0.6*3.3447+1.0*0.579
=3.21

* 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 $8,682 Mil.
Total Current Assets was $1,075 Mil.
Total Current Liabilities was $706 Mil.
Retained Earnings was $1,758 Mil.
Pre-Tax Income was 204.918 + 175.172 + 192.853 + 170.039 = $743 Mil.
Interest Expense was -3.307 + -3.486 + -3.949 + -3.232 = $-14 Mil.
Revenue was 1315.701 + 1223.014 + 1277.961 + 1210.406 = $5,027 Mil.
Market Cap (Today) was $8,644 Mil.
Total Liabilities was $2,584 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
=(1074.877 - 705.548)/8682.459
=0.0425

X2=Retained Earnings/Total Assets
=1757.689/8682.459
=0.2024

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(742.982 - -13.974)/8682.459
=0.0872

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=8644.028/2584.406
=3.3447

X5=Revenue/Total Assets
=5027.082/8682.459
=0.579

The zones of discrimination were as such:

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

Knight-Swift Transportation Holdings has a Altman Z-Score of 3.21 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.


Knight-Swift Transportation Holdings  (NYSE:KNX) 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.


Knight-Swift Transportation Holdings Altman Z-Score Related Terms

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


Knight-Swift Transportation Holdings Business Description

Knight-Swift Transportation Holdings logo
Industry
Industrials » Transportation NAICS : 484121 SIC : 4213
Traded in Other Exchanges
Address
20002 North 19th Avenue, Phoenix, AZ, USA, 85027
Knight-Swift Transportation is by far the largest asset-based full-truckload carrier in the United States. About 80% of revenue derives from asset-based truckload shipping operations (including for-hire dry van, refrigerated, and dedicated contract). The remainder stems from truck brokerage and other asset-light logistics services (8%), as well as intermodal (8%), which uses the Class-I railroads for the underlying movement of the firm's shipping containers and also offers drayage services.
Executives
Moyes Vickie 10 percent owner SWIFT TRANSPORTATION COMPANY 2200 SOUTH 75TH AVENUE PHOENIX AZ 85043
Moyes Jerry 10 percent owner, other: Member of 10% group SWIFT TRANSPORTATION COMPANY 2200 SOUTH 75TH AVENUE PHOENIX AZ 85043
Moyes Jerry & Vickie Family Trust 10 percent owner SWIFT TRANSPORTATION COMPANY 2200 SOUTH 75TH AVENUE PHOENIX AZ 85043
Garnreiter Michael director 6735 E. GREENWAY PARKWAY UNIT #2049 SCOTTSDALE AZ 85254
Nester Lyndee Moyes other: Member of 10% owner group PO BOX 1397 TOLLESON AZ 85353
Moyes Michael other: Member of 10% owner group SWIFT TRANSPORTATION COMPANY 2200 SOUTH 75TH AVENUE PHOENIX AZ 85043
Breen Shannon officer: Sr. VP Logistics/Intermodal 2200 SOUTH 75TH AVENUE PHOENIX AZ 85027
Flanagan Cary M officer: SVP and CAO SWIFT TRANSPORTATION COMPANY 2200 SOUTH 75TH AVENUE PHOENIX AZ 85043
Harrington Timothy Sean officer: Exec Vice Pres Sales 2200 NORTH 75TH AVENUE PHOENIX AZ 85027
Knight Gary J director, officer: Vice Chairman PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: KNIGHT GARY J 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;}
Knight Kevin P director, officer: Executive Chairman 5601 WEST BUCKEYE ROAD PHOENIX AZ 85043
Liu Michael K officer: Exec. VP of Ops, Knight Trans 5601 WEST BUCKEYE ROAD PHOENIX AZ 85043
Jackson David A director, officer: President and CEO PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: JACKSON DAVID A 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;}
Yu Wayne officer: CAO of Knight Trans. Inc. 5601 WEST BUCKEYE ROAD PHOENIX AZ 85043
Carlson Todd F. officer: General Counsel and Secretary 5601 WEST BUCKEYE ROAD PHOENIX AZ 85043

Knight-Swift Transportation Holdings Headlines

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