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Lyondellbasell Advanced Polymers (Lyondellbasell Advanced Polymers) Altman Z-Score : N/A (As of May. 23, 2024)


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What is Lyondellbasell Advanced Polymers Altman Z-Score?

The Altman Z-Score is a model designed to predict the likelihood of a company going bankrupt within the next two years. Created by American finance professor Edward Altman in 1968, the model is specifically designed for publicly traded manufacturing companies with assets greater than $1 million.

Lyondellbasell Advanced Polymers 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 Lyondellbasell Advanced Polymers's Altman Z-Score or its related term are showing as below:

SLMNP.PFD' s Altman Z-Score Range Over the Past 10 Years
Min: 1.49   Med: 4.59   Max: 10.32
Current: 2.58

During the past 13 years, Lyondellbasell Advanced Polymers's highest Altman Z-Score was 10.32. The lowest was 1.49. And the median was 4.59.


Lyondellbasell Advanced Polymers Altman Z-Score Historical Data

The historical data trend for Lyondellbasell Advanced Polymers'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.

Lyondellbasell Advanced Polymers Altman Z-Score Chart

Lyondellbasell Advanced Polymers Annual Data
Trend Aug08 Aug09 Aug10 Aug11 Aug12 Aug13 Aug14 Aug15 Aug16 Aug17
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.55 3.37 2.01 1.50 2.30

Lyondellbasell Advanced Polymers Quarterly Data
Aug13 Nov13 Feb14 May14 Aug14 Nov14 Feb15 May15 Aug15 Nov15 Feb16 May16 Aug16 Nov16 Feb17 May17 Aug17 Nov17 Feb18 May18
Altman Z-Score Get a 7-Day Free Trial 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 1.49 2.30 2.40 2.50 2.58

Competitive Comparison of Lyondellbasell Advanced Polymers's Altman Z-Score

For the Chemicals subindustry, Lyondellbasell Advanced Polymers'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.


Lyondellbasell Advanced Polymers's Altman Z-Score Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Lyondellbasell Advanced Polymers's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Lyondellbasell Advanced Polymers's Altman Z-Score falls into.



Lyondellbasell Advanced Polymers 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.

Lyondellbasell Advanced Polymers'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*0.1983+1.4*0.1254+3.3*0.0452+0.6*0+1.0*1.5218
=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. 2018:
Total Assets was $1,769.99 Mil.
Total Current Assets was $841.33 Mil.
Total Current Liabilities was $490.39 Mil.
Retained Earnings was $221.91 Mil.
Pre-Tax Income was 6.154 + 0.146 + 19.237 + -0.439 = $25.10 Mil.
Interest Expense was -14.285 + -13.435 + -13.441 + -13.745 = $-54.91 Mil.
Revenue was 722.24 + 650.098 + 674.623 + 646.651 = $2,693.61 Mil.
Market Cap (Today) was $0.00 Mil.
Total Liabilities was $1,566.47 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
=(841.329 - 490.393)/1769.99
=0.1983

X2=Retained Earnings/Total Assets
=221.909/1769.99
=0.1254

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(25.098 - -54.906)/1769.99
=0.0452

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=0.000/1566.474
=0

X5=Revenue/Total Assets
=2693.612/1769.99
=1.5218

The zones of discrimination were as such:

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

Lyondellbasell Advanced Polymers 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.


Lyondellbasell Advanced Polymers  (OTCPK:SLMNP.PFD) 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.


Lyondellbasell Advanced Polymers Altman Z-Score Related Terms

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Lyondellbasell Advanced Polymers (Lyondellbasell Advanced Polymers) Business Description

Traded in Other Exchanges
N/A
Address
1221 McKinney Street, Suite 300, Houston, TX, USA, 77010
Lyondellbasell Advanced Polymers Inc manufactures and sells a variety of plastics and chemical-based products. The firm's product portfolio includes Engineered Thermoplastics, Masterbatch, Engineered Composites, Specialty Powders, and Distribution Services. The company organizes itself into four main segments by geography. Europe, Middle East, and Africa segment generate more revenue than any other segment. The other segments are the United States and Canada, Latin America, and Asia-Pacific.
Executives
Carol S Eicher director ROHM AND HAAS COMPANY, 100 INDEPENDENCE MALL WEST, PHILADELPHIA PA 19106
Allen A Spizzo director 1313 N MARKET ST, WILMINGTON DE 19894
Kathleen M. Oswald director 3637 RIDGEWOOD RD, AKRON OH 44308
Gary D. Phillips officer: Chief Commercial Officer 3637 RIDGEWOOD RD., AKRON OH 44333
John W Richardson officer: EVP - Chief Financial Officer THE GOODYEAR TIRE & RUBBER COMPANY, 1144 EAST MARKET STREET, AKRON OH 44316-0001
Andreas K Gunther officer: EVP - Chief Human Resources 3637 RIDGEWOOD ROAD, FAIRLAWN OH 44333
Brent Middleton officer: SVP GM USCAN 1228 TITAN WAY, SUNNYVALE CA 94085
Frank Roederer officer: SVP & GM Engineered Composites 3637 RIDGEWOOD RD, FAIRLAWN X1 44333
Rainer Schewe officer: EVP Global Supply Chain 3637 RIDGEWOOD RD, FAIRLAWN X1 44333
Andrean Horton officer: Senior Corp. Counsel 3637 RIDGEWOOD RD, FAIRLAWN X1 44333
Kevin T Andrews officer: SVP - GM Engineered Composites 3637 RIDGEWOOD RD, FAIRLAWN OH 44333
Kristopher R Westbrooks officer: VP - Controller and CAO 3637 RIDGEWOOD ROAD, FAIRLAWN OH 44333
Stacy R Walter officer: VP - Internal Audit 3550 WEST MARKET STREET, AKRON OH 44333
Timothy J Mcdannold officer: Treasurer - Dir.Risk Mngmnt. 5995 MAYFAIR ROAD, NORTH CANTON OH 44720
Heinrich Lingnau-schneider officer: VP & General Manager - Europe 3550 WEST MARKET STREET, AKRON OH 44333

Lyondellbasell Advanced Polymers (Lyondellbasell Advanced Polymers) Headlines