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Mad Catz Interactive Altman Z-Score

: N/A (As of Today)
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Mad Catz Interactive 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 Mad Catz Interactive's Altman Z-Score or its related term are showing as below:


Mad Catz Interactive Altman Z-Score Historical Data

The historical data trend for Mad Catz Interactive'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.

Mad Catz Interactive Annual Data
Trend Mar07 Mar08 Mar09 Mar10 Mar11 Mar12 Mar13 Mar14 Mar15 Mar16
Altman Z-Score
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.67 1.39 0.79 0.92 0.54

Mad Catz Interactive Quarterly Data
Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16
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 0.94 0.54 0.14 0.20 -1.60

Competitive Comparison

For the Computer Hardware subindustry, Mad Catz Interactive'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.

   

Mad Catz Interactive Altman Z-Score Distribution

For the Hardware industry and Technology sector, Mad Catz Interactive's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Mad Catz Interactive's Altman Z-Score falls into.



Mad Catz Interactive 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.

Mad Catz Interactive'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*-0.2627+1.4*-1.3882+3.3*-0.2477+0.6*0+1.0*1.4803
=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 Dec. 2016:
Total Assets was $41.79 Mil.
Total Current Assets was $29.90 Mil.
Total Current Liabilities was $40.88 Mil.
Retained Earnings was $-58.01 Mil.
Pre-Tax Income was -2.682 + 4.538 + -4.532 + -8.996 = $-11.67 Mil.
Interest Expense was -0.29 + -0.277 + -0.333 + -0.42 = $-1.32 Mil.
Revenue was 19.061 + 14.867 + 10.788 + 17.144 = $61.86 Mil.
Market Cap (Today) was $0.00 Mil.
Total Liabilities was $44.46 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
=(29.899 - 40.875)/41.788
=-0.2627

X2=Retained Earnings/Total Assets
=-58.011/41.788
=-1.3882

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(-11.672 - -1.32)/41.788
=-0.2477

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=0.000/44.462
=0

X5=Revenue/Total Assets
=61.86/41.788
=1.4803

The zones of discrimination were as such:

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

Mad Catz Interactive 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.


Mad Catz Interactive  (OTCPK:MCZAF) 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.


Mad Catz Interactive Altman Z-Score Related Terms

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Mad Catz Interactive Business Description

Mad Catz Interactive logo
Industry
Technology » Hardware NAICS : 334118 SIC : 3361
Traded in Other Exchanges
N/A
Address
181 Bay Street, Suite 4400, Toronto, ON, CAN, M5J 2T3
Mad Catz Interactive Inc is a Canadian company which is engaged in designing, manufacturing, marketing and distributing interactive entertainment products marketed under Mad Catz (gaming), Tritton (audio), and Saitek (simulation) brands. The company's products include headsets, mice, keyboards, controllers, specialty controllers, and other accessories. It caters to gamers and simulation enthusiast across multiple platforms including in-home gaming consoles, handheld gaming consoles, PC (Personal Computers) and Mac computers, smartphones, tablets and other smart devices. The company distributes its products through various retailers around the globe. Mad Catz derives the majority of its revenue from Americas.
Executives
Mcginnis Karen K director, officer: President & CEO INSIGHT ENTERPRISES INC 1305 WEST AUTO DRIVE TEMPE AZ 85284
Brown Thomas R director 15378 AVENUE OF SCIENCE SUITE 100 SAN DIEGO CA 92128
Perlis Morris director C/O COUNSEL CORPORATION 700 - 1 TORONTO ST. TORONTO A6 M5C 2V6
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