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American Cordillera Mining Altman Z-Score

: N/A (As of Today)
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American Cordillera Mining has a Altman Z-Score of N/A, 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 American Cordillera Mining's Altman Z-Score or its related term are showing as below:


American Cordillera Mining Altman Z-Score Historical Data

The historical data trend for American Cordillera Mining'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.

American Cordillera Mining Annual Data
Trend Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Nov13 Nov14
Altman Z-Score
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

American Cordillera Mining Quarterly Data
Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 May13 Aug13 Nov13 Feb14 May14 Aug14 Nov14 Feb15 May15
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 - - - - -

Competitive Comparison

For the Other Industrial Metals & Mining subindustry, American Cordillera Mining'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.

   

American Cordillera Mining Altman Z-Score Distribution

For the Metals & Mining industry and Basic Materials sector, American Cordillera Mining's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where American Cordillera Mining's Altman Z-Score falls into.



American Cordillera Mining 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.

American Cordillera Mining'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*-1.7091+1.4*-11.6545+3.3*-7.4909+0.6*0+1.0*0.3636
=N/A

* 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 May. 2015:
Total Assets was $0.06 Mil.
Total Current Assets was $0.03 Mil.
Total Current Liabilities was $0.13 Mil.
Retained Earnings was $-0.64 Mil.
Pre-Tax Income was 0.014 + -0.003 + -0.409 + -0.018 = $-0.42 Mil.
Interest Expense was -0.001 + -0.001 + -0.001 + -0.001 = $-0.00 Mil.
Revenue was 0.05 + 0 + -0.03 + 0 = $0.02 Mil.
Market Cap (Today) was $0.00 Mil.
Total Liabilities was $0.13 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
=(0.034 - 0.128)/0.055
=-1.7091

X2=Retained Earnings/Total Assets
=-0.641/0.055
=-11.6545

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(-0.416 - -0.004)/0.055
=-7.4909

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=0.000/0.128
=0

X5=Revenue/Total Assets
=0.02/0.055
=0.3636

The zones of discrimination were as such:

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

American Cordillera Mining has a Altman Z-Score of N/A 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.


American Cordillera Mining  (OTCPK:AUAG) 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.


American Cordillera Mining Altman Z-Score Related Terms

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American Cordillera Mining Business Description

American Cordillera Mining logo
Traded in Other Exchanges
N/A
Address
American Cordillera Mining Corp was incorporated on July 23, 1996 under the laws of the State of Nevada. The company acquires, import, market, and sell valuable antiquity and art items of Asian origin. These items include things like furniture, works of art, antiques, glass works, porcelain, statues, pottery, sculptures and other collectibles and collector items that have their origin in the Far East. They acquire pieces through a number of reputable agents and wholesale distribution sources in Hong Kong and the People's Republic of China.
Executives
Wong Wah On director, officer: Secretary ROOM 2204 22F WEST TOWER SHUN TAK CENTER 200 CONNAUGHT ROAD CENTRAL SHEUNG WAN K3 -

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