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Logiq Asset Management Altman Z-Score

: -3.95 (As of Today)
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Logiq Asset Management has a Altman Z-Score of -3.95, 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 Logiq Asset Management's Altman Z-Score or its related term are showing as below:


Logiq Asset Management Altman Z-Score Historical Data

The historical data trend for Logiq Asset Management'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.

Logiq Asset Management Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Sep17
Altman Z-Score
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.58 1.54 1.27 -0.45 -0.32

Logiq Asset Management Quarterly Data
Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18
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 -0.71 -1.65 -0.32 -0.94 -3.94

Competitive Comparison

For the Asset Management subindustry, Logiq Asset Management'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.

   

Logiq Asset Management Altman Z-Score Distribution

For the Asset Management industry and Financial Services sector, Logiq Asset Management's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Logiq Asset Management's Altman Z-Score falls into.



Logiq Asset Management 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.

Logiq Asset Management'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*0.7595+1.4*-1.5291+3.3*-0.7245+0.6*0.5544+1.0*-0.6586
=-3.95

* 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. 2018:
Total Assets was $13.14 Mil.
Total Current Assets was $13.10 Mil.
Total Current Liabilities was $3.11 Mil.
Retained Earnings was $-20.09 Mil.
Pre-Tax Income was -0.85981597463852 + -5.3034693398073 + 4.6860493525531 + -9.8691237307258 = $-11.35 Mil.
Interest Expense was -0.15850923992886 + -0.7471219359386 + -0.40068409479599 + -0.5189921022941 = $-1.83 Mil.
Revenue was 0.0061857264362484 + 0.012530346933981 + -14.148546298559 + 5.4742384355021 = $-8.66 Mil.
Market Cap (Today) was $4.31 Mil.
Total Liabilities was $7.77 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
=(13.095956081342 - 3.114513260651)/13.14157581381
=0.7595

X2=Retained Earnings/Total Assets
=-20.094332328153/13.14157581381
=-1.5291

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(-11.346359692619 - -1.8253073729576)/13.14157581381
=-0.7245

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=4.307/7.7684991881234
=0.5544

X5=Revenue/Total Assets
=-8.6555917896862/13.14157581381
=-0.6586

The zones of discrimination were as such:

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

Logiq Asset Management has a Altman Z-Score of -3.95 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.


Logiq Asset Management  (OTCPK:AHFCF) 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.


Logiq Asset Management Altman Z-Score Related Terms

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Logiq Asset Management Business Description

Logiq Asset Management logo
Industry
Financial Services » Asset Management NAICS : 523920 SIC : 7214
Traded in Other Exchanges
N/A
Address
Logiq Asset Management Ltd. is a Canada based company engaged in asset management and advisory business. The main business activities of the company are management, distribution, and administration of mutual funds, closed-end funds, private equity funds, hedge funds, segregated institutional funds, and other fee-based investment products for Canadian investors. Management fees for portfolios contribute majorly to the company's revenue.
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