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Sprott Physical Uranium Trust (TSX:U.U) Altman Z-Score : N/A (As of Apr. 30, 2024)


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What is Sprott Physical Uranium Trust 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.

Sprott Physical Uranium Trust 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 Sprott Physical Uranium Trust's Altman Z-Score or its related term are showing as below:

During the past 13 years, Sprott Physical Uranium Trust's highest Altman Z-Score was 591.59. The lowest was 104.98. And the median was 170.03.


Sprott Physical Uranium Trust Altman Z-Score Historical Data

The historical data trend for Sprott Physical Uranium Trust'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.

Sprott Physical Uranium Trust Altman Z-Score Chart

Sprott Physical Uranium Trust Annual Data
Trend Feb14 Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Dec22 Dec23
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 399.02 316.27 591.59 104.98 -

Sprott Physical Uranium Trust Semi-Annual Data
Feb13 Aug13 Feb14 Aug14 Feb15 Aug15 Feb16 Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Jun22 Dec22 Dec23
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 688.56 591.59 9.17 104.98 -

Competitive Comparison of Sprott Physical Uranium Trust's Altman Z-Score

For the Uranium subindustry, Sprott Physical Uranium Trust'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.


Sprott Physical Uranium Trust's Altman Z-Score Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Sprott Physical Uranium Trust's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Sprott Physical Uranium Trust's Altman Z-Score falls into.



Sprott Physical Uranium Trust 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.

Sprott Physical Uranium Trust'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*0.9967+1.4*0.5133+3.3*0.4542+0.6*287.7756+1.0*0
=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. 2023:
Total Assets was $5,791.93 Mil.
Total Current Assets was $5,791.93 Mil.
Total Current Liabilities was $19.14 Mil.
Retained Earnings was $2,972.87 Mil.
Pre-Tax Income was $2,630.69 Mil.
Interest Expense was $0.00 Mil.
Revenue was $0.00 Mil.
Market Cap (Today) was $5,508.31 Mil.
Total Liabilities was $19.14 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
=(5791.933 - 19.141)/5791.933
=0.9967

X2=Retained Earnings/Total Assets
=2972.874/5791.933
=0.5133

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(2630.693 - 0)/5791.933
=0.4542

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=5508.313/19.141
=287.7756

X5=Revenue/Total Assets
=0/5791.933
=0

The zones of discrimination were as such:

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

Sprott Physical Uranium Trust 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.


Sprott Physical Uranium Trust  (TSX:U.U) 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.


Sprott Physical Uranium Trust Altman Z-Score Related Terms

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Sprott Physical Uranium Trust (TSX:U.U) Business Description

Traded in Other Exchanges
Address
200 Bay Street, Royal Bank Plaza, South Tower, Suite 2600, Toronto, ON, CAN, M5J 2J1
Sprott Physical Uranium Trust is an investment company managed by Denison Mines Inc. Its primary interest lies in investing in Uranium based assets, including uranium oxide and uranium hexafluoride. The company stores its uranium deposits at uranium conversion facilities.

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