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Leroy Seafood Group ASA Altman Z-Score

: 3.39 (As of Today)
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Good Sign:

Altman Z-score of 3.5 is strong.

Leroy Seafood Group ASA has a Altman Z-Score of 3.39, 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 Leroy Seafood Group ASA's Altman Z-Score or its related term are showing as below:

OTCPK:LYSFY' s Altman Z-Score Range Over the Past 10 Years
Min: 0.96   Med: 3.32   Max: 4.25
Current: 3.5

0.96
4.25

During the past 13 years, Leroy Seafood Group ASA's highest Altman Z-Score was 4.25. The lowest was 0.96. And the median was 3.32.


Leroy Seafood Group ASA Altman Z-Score Historical Data

The historical data trend for Leroy Seafood Group ASA'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.

Leroy Seafood Group ASA 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 3.58 3.26 4.24 3.51 3.36

Leroy Seafood Group ASA Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
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 3.35 3.36 3.19 3.70 3.49

Competitive Comparison

For the Packaged Foods subindustry, Leroy Seafood Group ASA'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.

   

Leroy Seafood Group ASA Altman Z-Score Distribution

For the Consumer Packaged Goods industry and Consumer Defensive sector, Leroy Seafood Group ASA's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Leroy Seafood Group ASA's Altman Z-Score falls into.



Leroy Seafood Group ASA 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.

Leroy Seafood Group ASA'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*0.2702+1.4*0.3785+3.3*0.073+0.6*2.7272+1.0*0.6592
=3.39

* 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 Sep. 2021:
Total Assets was $3,842 Mil.
Total Current Assets was $1,568 Mil.
Total Current Liabilities was $530 Mil.
Retained Earnings was $1,454 Mil.
Pre-Tax Income was 40.467297275447 + 151.23861761109 + 98.256487365936 + -25.282355778617 = $265 Mil.
Interest Expense was -4.8977281914464 + -6.4441832579454 + -4.5141964359134 + 0 = $-16 Mil.
Revenue was 730.51996350323 + 629.72658522397 + 578.52220799511 + 593.72707330799 = $2,532 Mil.
Market Cap (Today) was $4,648 Mil.
Total Liabilities was $1,704 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
=(1568.1154499151 - 530.01062564245)/3841.6723837243
=0.2702

X2=Retained Earnings/Total Assets
=1453.9286003026/3841.6723837243
=0.3785

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(264.68004647386 - -15.856107885305)/3841.6723837243
=0.073

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=4647.721/1704.2157236409
=2.7272

X5=Revenue/Total Assets
=2532.4958300303/3841.6723837243
=0.6592

The zones of discrimination were as such:

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

Leroy Seafood Group ASA has a Altman Z-Score of 3.39 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.


Leroy Seafood Group ASA  (OTCPK:LYSFY) 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.


Leroy Seafood Group ASA Altman Z-Score Related Terms

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


Leroy Seafood Group ASA Business Description

Leroy Seafood Group ASA logo
Traded in Other Exchanges
Address
Thormohlens gate 51 B, P.O.Box 7600, Bergen, NOR, NO - 5006
Leroy Seafood Group ASA is a seafood producer, originally from Norway. The company's core activities are global distribution, sale, and marketing of seafood, processed seafood, salmon, fjord trout, cod, saithe, mackerel, herring, sushi, shellfish, and other species. Leroy Seafood Group serves hotels, restaurants, and retail segments with fresh, frozen, smoked, and marinated seafood products. Its main brands are Aurora Salmon, Finest Salmon Loin, Fossen Fjord Fish, Leroj Fjord Trout, Leroy Sushi, and Leroy King Crab.
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