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Oasis Petroleum (OLD) Altman Z-Score

: -7.83 (As of Today)
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Warning Sign:

Altman Z-score of -7.83 is in distress zone. This implies bankrupcy possibility in the next two years.

Oasis Petroleum (OLD) has a Altman Z-Score of -7.83, 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 is less than 1.81, it is in Distress Zones.
When Altman Z-Score is greater than 2.99, it is in Safe Zones.
When Altman Z-Score is between 1.81 and 2.99, it is in Grey Zones.

OTCPK:OASPQ' s Altman Z-Score Range Over the Past 10 Years
Min: -7.83   Med: 0.92   Max: 11.02
Current: -7.83

-7.83
11.02

During the past 12 years, Oasis Petroleum (OLD)'s highest Altman Z-Score was 11.02. The lowest was -7.83. And the median was 0.92.


Oasis Petroleum (OLD) Altman Z-Score Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are indicated in the company's associated stock exchange currency.

* Premium members only.

Oasis Petroleum (OLD) Annual Data
Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
Altman Z-Score Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.58 0.75 0.78 0.76 0.55

Oasis Petroleum (OLD) Quarterly Data
Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20
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 0.75 0.55 -6.13 -7.10 -7.82

Competitive Comparison
* 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.


Oasis Petroleum (OLD) Altman Z-Score Distribution

* The bar in red indicates where Oasis Petroleum (OLD)'s Altman Z-Score falls into.



Oasis Petroleum (OLD) 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.

Oasis Petroleum (OLD)'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*-0.0941+1.4*-1.558+3.3*-1.8383+0.6*0.0125+1.0*0.5222
=-7.83

* All numbers are in millions except for per share data and ratio. All numbers 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 Sep. 2020:
Total Assets was $2,507 Mil.
Total Current Assets was $339 Mil.
Total Current Liabilities was $575 Mil.
Retained Earnings was $-3,905 Mil.
Pre-Tax Income was -52.241 + -91.962 + -4589.013 + -88.034 = $-4,821 Mil.
Interest Expense was -35.946 + -39.94 + -95.757 + -41.294 = $-213 Mil.
Revenue was 271.059 + 166.352 + 387.798 + 483.864 = $1,309 Mil.
Market Cap (Today) was $39 Mil.
Total Liabilities was $3,145 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
=(339.441 - 575.294)/2506.777
=-0.0941

X2=Retained Earnings/Total Assets
=-3905.467/2506.777
=-1.558

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(-4821.25 - -212.937)/2506.777
=-1.8383

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=39.410/3144.928
=0.0125

X5=Revenue/Total Assets
=1309.073/2506.777
=0.5222

The zones of discrimination were as such:

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

Oasis Petroleum (OLD) has a Altman Z-Score of -7.83 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.


Oasis Petroleum (OLD)  (OTCPK:OASPQ) 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.


Oasis Petroleum (OLD) Altman Z-Score Related Terms


Oasis Petroleum (OLD) Altman Z-Score Headlines

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