Toughbuilt Industries Wt Stock Z Score
| TBLTWDelisted Stock | USD 0.05 0 2.00% |
ToughBuilt |
ToughBuilt Industries WT Company Z Score Analysis
ToughBuilt Industries' Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..
Current ToughBuilt Industries Z Score | -3.09 |
Most of ToughBuilt Industries' fundamental indicators, such as Z Score, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, ToughBuilt Industries WT is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
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To calculate a Z-Score, one would need to know a company's current working capital, its total assets and liabilities, and the amount of its latest earnings as well as earnings before interest and tax. Z-Scores can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area,' with scores of less than 1 indicating the highest probability of distress. Z Score is a used widely measure by financial auditors, accountants, money managers, loan processors, wealth advisers, and day traders. In the last 25 years, many financial models that utilize z-scores proved it to be successful as a predictor of corporate bankruptcy.
CompetitionBased on the company's disclosures, ToughBuilt Industries WT has a Z Score of -3.09. This is much lower than that of the Textiles, Apparel & Luxury Goods sector and significantly lower than that of the Consumer Discretionary industry. The z score for all United States stocks is notably higher than that of the company.
ToughBuilt Z Score Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses ToughBuilt Industries' direct or indirect competition against its Z Score to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of ToughBuilt Industries could also be used in its relative valuation, which is a method of valuing ToughBuilt Industries by comparing valuation metrics of similar companies.ToughBuilt Industries is currently under evaluation in z score category among its peers.
ToughBuilt Fundamentals
| Number Of Shares Shorted | 15.09 K | |||
| Revenue | 95.25 M | |||
| EBITDA | (49.27 M) | |||
| Net Income | (39.3 M) | |||
| Total Debt | 5.41 M | |||
| Cash Flow From Operations | (37.29 M) | |||
| Total Asset | 83.92 M | |||
| Retained Earnings | (144.95 M) | |||
| Working Capital | 9.38 M | |||
| Z Score | -3.09 | |||
| Net Asset | 83.92 M |
About ToughBuilt Industries Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze ToughBuilt Industries WT's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of ToughBuilt Industries using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of ToughBuilt Industries WT based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Also Currently Popular
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Other Consideration for investing in ToughBuilt Stock
If you are still planning to invest in ToughBuilt Industries check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the ToughBuilt Industries' history and understand the potential risks before investing.
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