Tirex Corp Stock Z Score
Altman Z Score is one of the simplest fundamental models to determine how likely your company is to fail. The module uses available fundamental data of a given equity to approximate the Altman Z score. Altman Z Score is determined by evaluating five fundamental price points available from the company's current public disclosure documents. Check out Tirex Corp Piotroski F Score and Tirex Corp Valuation analysis. For information on how to trade Tirex Stock refer to our How to Trade Tirex Stock guide.
As of November 26, 2024, Long Term Debt To Capitalization is expected to decline to -3.03. In addition to that, Total Debt To Capitalization is expected to decline to -0.13. As of November 26, 2024, Selling General Administrative is expected to decline to about 38.1 K. In addition to that, Operating Income is expected to decline to about (53.8 K)
Tirex | Z Score |
Tirex Corp Company Z Score Analysis
Tirex Corp's 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..
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Tirex Z Score Driver Correlations
Understanding the fundamental principles of building solid financial models for Tirex Corp is extremely important. It helps to project a fair market value of Tirex Stock properly, considering its historical fundamentals such as Z Score. Since Tirex Corp's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Tirex Corp's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Tirex Corp's interrelated accounts and indicators.
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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.
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Based on the company's disclosures, Tirex Corp has a Z Score of 0.0. This is 100.0% lower than that of the Machinery sector and about the same as Industrials (which currently averages 0.0) industry. The z score for all United States stocks is 100.0% higher than that of the company.
Tirex Z Score Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Tirex Corp's 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 Tirex Corp could also be used in its relative valuation, which is a method of valuing Tirex Corp by comparing valuation metrics of similar companies.Tirex Corp is currently under evaluation in z score category among its peers.
Tirex Fundamentals
| Current Valuation | 1.79 M | ||||
| Shares Outstanding | 2.23 B | ||||
| Shares Owned By Institutions | 0.01 % | ||||
| Net Income | (131.28 K) | ||||
| Total Debt | 429.09 K | ||||
| Book Value Per Share | (0) X | ||||
| Cash Flow From Operations | (44.54 K) | ||||
| Beta | -69.95 | ||||
| Market Capitalization | 1.79 M | ||||
| Total Asset | 1 | ||||
| Retained Earnings | (33.9 M) | ||||
| Working Capital | (4.98 M) | ||||
| Current Liabilities | 4.98 M | ||||
| Net Asset | 1 |
About Tirex Corp Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Tirex Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Tirex Corp using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Tirex Corp 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.
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Tirex Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Tirex Corp's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Tirex Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Tirex Corp Stock:Check out Tirex Corp Piotroski F Score and Tirex Corp Valuation analysis. For information on how to trade Tirex Stock refer to our How to Trade Tirex Stock guide.You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
Is Industrial Machinery & Supplies & Components space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Tirex Corp. If investors know Tirex will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Tirex Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Tirex Corp is measured differently than its book value, which is the value of Tirex that is recorded on the company's balance sheet. Investors also form their own opinion of Tirex Corp's value that differs from its market value or its book value, called intrinsic value, which is Tirex Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Tirex Corp's market value can be influenced by many factors that don't directly affect Tirex Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Tirex Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tirex Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tirex Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.