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Vista International Technologies Altman Z-Score

: N/A (As of Today)
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Vista International Technologies 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 Vista International Technologies's Altman Z-Score or its related term are showing as below:


Vista International Technologies Altman Z-Score Historical Data

The historical data trend for Vista International Technologies'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.

Vista International Technologies Annual Data
Trend Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14
Altman Z-Score
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -217.59 -117.32 -133.40 -136.89 -139.78

Vista International Technologies Quarterly Data
Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15
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 -132.53 -137.06 -139.78 -145.31 -205.21

Competitive Comparison

For the Waste Management subindustry, Vista International Technologies'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.

   

Vista International Technologies Altman Z-Score Distribution

For the Waste Management industry and Industrials sector, Vista International Technologies's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Vista International Technologies's Altman Z-Score falls into.



Vista International Technologies 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.

Vista International Technologies'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*-9.9719+1.4*-137.4148+3.3*-0.1643+0.6*0+1.0*1.9018
=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 Jun. 2015:
Total Assets was $0.50 Mil.
Total Current Assets was $0.02 Mil.
Total Current Liabilities was $5.00 Mil.
Retained Earnings was $-68.57 Mil.
Pre-Tax Income was -0.169 + -0.228 + -0.011 + -0.021 = $-0.43 Mil.
Interest Expense was -0.082 + -0.11 + -0.081 + -0.074 = $-0.35 Mil.
Revenue was 0.383 + 0.13 + 0.205 + 0.231 = $0.95 Mil.
Market Cap (Today) was $0.00 Mil.
Total Liabilities was $5.02 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
=(0.021 - 4.997)/0.499
=-9.9719

X2=Retained Earnings/Total Assets
=-68.57/0.499
=-137.4148

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(-0.429 - -0.347)/0.499
=-0.1643

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=0.000/5.015
=0

X5=Revenue/Total Assets
=0.949/0.499
=1.9018

The zones of discrimination were as such:

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

Vista International Technologies 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.


Vista International Technologies  (OTCPK:VVIT) 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.


Vista International Technologies Altman Z-Score Related Terms

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


Vista International Technologies Business Description

Vista International Technologies logo
Traded in Other Exchanges
N/A
Address
4835 Monaco Street, Commerce City, CO, USA, 80022
Vista International Technologies Inc is in the business of developing, commercializing and operating renewable energy and waste to energy (WTE) technologies and projects. The company is conducting its business in areas, which include renewable energy and WTE projects utilizing the Company's Thermal Gasifier technology. Vista provides Bio-Energy Solution (BES), which is an environmentally sustainable, renewable process focused on liquid bio-waste treatment and wastewater recycling.
Executives
Mulrow William J director C/O JBG/OPERATING PARTNERS, L.P. 4445 WILLARD AVENUE, SUITE 400 CHEVY CHASE MD 20815

Vista International Technologies Headlines

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