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Mongolia Growth Group Altman Z-Score

: 6.87 (As of Today)
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Good Sign:

Altman Z-score of 7.44 is strong.

Mongolia Growth Group has a Altman Z-Score of 6.87, 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 Mongolia Growth Group's Altman Z-Score or its related term are showing as below:

OTCPK:MNGGF' s Altman Z-Score Range Over the Past 10 Years
Min: 0.4   Med: 5.61   Max: 6172.08
Current: 7.44

0.4
6172.08

During the past 13 years, Mongolia Growth Group's highest Altman Z-Score was 6172.08. The lowest was 0.40. And the median was 5.61.


Mongolia Growth Group Altman Z-Score Historical Data

The historical data trend for Mongolia Growth Group'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.

Mongolia Growth Group 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 2.26 2.37 2.50 1.65 4.99

Mongolia Growth Group Quarterly Data
Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21
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 1.03 1.10 4.99 6.64 4.66

Competitive Comparison

For the Real Estate Services industry, Mongolia Growth Group'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.

   

Mongolia Growth Group Altman Z-Score Distribution

For the Real Estate Services industry and Real Estate sector, Mongolia Growth Group's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Mongolia Growth Group's Altman Z-Score falls into.



Mongolia Growth Group 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.

Mongolia Growth Group'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*0.5318+1.4*-0.2016+3.3*0.4004+0.6*8.6201+1.0*0.023
=6.87

* 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 Jun. 2021:
Total Assets was $31.87 Mil.
Total Current Assets was $19.59 Mil.
Total Current Liabilities was $2.64 Mil.
Retained Earnings was $-6.43 Mil.
Pre-Tax Income was 3.069558101473 + 4.8532102792585 + 4.0237333125146 + 0.81632653061225 = $12.76 Mil.
Interest Expense was 0 + 0 + 0 + 0 = $0.00 Mil.
Revenue was 0.14648117839607 + 0.19890206062535 + 0.14286829572957 + 0.24565381708239 = $0.73 Mil.
Market Cap (Today) was $26.35 Mil.
Total Liabilities was $3.06 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
=(19.585924713584 - 2.6350245499182)/31.874795417349
=0.5318

X2=Retained Earnings/Total Assets
=-6.4255319148936/31.874795417349
=-0.2016

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(12.762828223858 - 0)/31.874795417349
=0.4004

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=26.354/3.0572831423895
=8.6201

X5=Revenue/Total Assets
=0.73390535183337/31.874795417349
=0.023

The zones of discrimination were as such:

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

Mongolia Growth Group has a Altman Z-Score of 6.87 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.


Mongolia Growth Group  (OTCPK:MNGGF) 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.


Mongolia Growth Group Altman Z-Score Related Terms

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


Mongolia Growth Group Business Description

Mongolia Growth Group logo
Industry
Real Estate » Real Estate NAICS : 531390 SIC : 7599
Traded in Other Exchanges
Address
100 King Street West, 56th Floor Suite 5600, First Canadian Place, Toronto, ON, CAN, M5X 1C9
Mongolia Growth Group Ltd is a real estate investment and development company. It owns commercial investment property assets in Ulaanbaatar, Mongolia. The company operates through two segments: Investment Property Operations and Corporate. The Investment Property operations consist of commercial and residential investment property in Mongolia held for the purposes of rental revenue, capital appreciation or redevelopment.
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