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US Silica Holdings Altman Z-Score

: 0.99 (As of Today)
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Warning Sign:

Altman Z-score of 0.99 is in distress zone. This implies bankruptcy possibility in the next two years.

US Silica Holdings has a Altman Z-Score of 0.99, 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 US Silica Holdings's Altman Z-Score or its related term are showing as below:

SLCA' s Altman Z-Score Range Over the Past 10 Years
Min: -0.32   Med: 2.16   Max: 4.98
Current: 0.99

During the past 13 years, US Silica Holdings's highest Altman Z-Score was 4.98. The lowest was -0.32. And the median was 2.16.


US Silica Holdings Altman Z-Score Historical Data

The historical data trend for US Silica 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.

US Silica Holdings Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Altman Z-Score
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.93 0.78 0.22 0.34 0.74

US Silica 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 0.81 0.73 0.74 1.06 0.89

Competitive Comparison

For the Oil & Gas Equipment & Services subindustry, US Silica 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.

   

US Silica Holdings Altman Z-Score Distribution

For the Oil & Gas industry and Energy sector, US Silica Holdings's Altman Z-Score distribution charts can be found below:

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



US Silica 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.

US Silica 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*0.1913+1.4*-0.182+3.3*0.0176+0.6*0.6896+1.0*0.5465
=0.99

* 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 $2,279 Mil.
Total Current Assets was $684 Mil.
Total Current Liabilities was $248 Mil.
Retained Earnings was $-415 Mil.
Pre-Tax Income was 34.754 + -15.483 + -23.041 + -26.314 = $-30 Mil.
Interest Expense was -17.43 + -17.173 + -17.732 + -17.796 = $-70 Mil.
Revenue was 388.513 + 304.887 + 284.864 + 267.298 = $1,246 Mil.
Market Cap (Today) was $1,134 Mil.
Total Liabilities was $1,645 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
=(684.253 - 248.328)/2279.111
=0.1913

X2=Retained Earnings/Total Assets
=-414.745/2279.111
=-0.182

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(-30.084 - -70.131)/2279.111
=0.0176

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=1134.089/1644.677
=0.6896

X5=Revenue/Total Assets
=1245.562/2279.111
=0.5465

The zones of discrimination were as such:

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

US Silica Holdings has a Altman Z-Score of 0.99 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.


US Silica Holdings  (NYSE:SLCA) 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.


US Silica Holdings Altman Z-Score Related Terms

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


US Silica Holdings Business Description

US Silica Holdings logo
Traded in Other Exchanges
Address
24275 Katy Freeway, Suite 600, Katy, TX, USA, 77494
US Silica Holdings Inc is one of the leading suppliers of sand used in hydraulic fracturing of oil and gas wells. The company delivers sand in most major basins via its extensive logistics network and has an emerging last-mile logistics capability to deliver sand direct to the well site. Its operating segment includes Oil and Gas Proppants and Industrial and Specialty Products. The company generates maximum revenue from the Oil and Gas Proppants segment.
Executives
Rogers Sandra director 24275 KATY FREEWAY SUITE 600 KATY TX 77494
Ussery James Derek officer: President Oil and Gas 1301 MCKINNEY ST STE 1800 HOUSTON TX 77010
Crowder Donna Lynnette officer: SVP and CHRO 24275 KATY FREEWAY SUITE 600 KATY TX 77494
Russell Stacy officer: SVP General Counsel 24275 KATY FREEWAY SUITE 600 KATY TX 77494
Lind Bonnie Cruickshank director 3460 PRESTON RIDGE ROAD ALPHARETTA GA 30005
Carusona Zach officer: President Specialty Minerals 24275 KATY FREEWAY SUITE 600 KATY TX 77494
Miers Daniel Ross officer: President SandBox Logistics 1301 MCKINNEY ST STE 1800 HOUSTON TX 77010
Macan William Andrew officer: See Remarks 24275 KATY FREEWAY, SUITE 600 KATY TX 77494
Stice J Michael director 525 CENTRAL PARK DRIVE OKLAHOMA CITY OK 73105
Bernard Peter Clark director 8490 PROGRESS DRIVE SUITE 300 FREDERICK MD 21701
Shaver Charles W director C/O US SILICA 8490 PROGRESS DR. STE 300 FREDERICK MD 21701
Smith Billy Ray officer: SVP & President, Oil & Gas 8490 PROGRESS DRIVE, SUITE 300 FREDERICK MD 21701
Duren Diane K director PO BOX 45308 OMAHA NE 68145
Kacal William Jennings director 2112 INWOOD DRIVE HOUSTON TX 77019
Merril Donald A officer: EVP & Chief Financial Officer 1293 SOUTH MAIN STREET AKRON OH 44301

US Silica Holdings Headlines

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