What is American Battery Technology Co Probability of Financial Distress (%)?
Probability of Financial Distress (%) measures the probability that a company will go bankrupt in the upcoming year given its current financial position. A higher ratio indicates a larger probability of bankruptcy for the company, while a lower ratio indicates a healthier fundamental. As of today, American Battery Technology Co's Probability of Financial Distress (%) is 1.04%.
Like the Altman Z-Score, the PFD measures a company's bankruptcy risk. However, the main drawback of the Z-score is it does not apply to banks and insurance companies. According to Investopedia, the concept of "working capital" does not apply to banks and insurance companies, as financial institutions do not have typical current assets or current liabilities like inventories or accounts payable.
Competitive Comparison of American Battery Technology Co's Probability of Financial Distress (%)
For the Other Industrial Metals & Mining subindustry, American Battery Technology Co's Probability of Financial Distress (%), along with its competitors' market caps and Probability of Financial Distress (%) 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.
American Battery Technology Co's Probability of Financial Distress (%) Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, American Battery Technology Co's Probability of Financial Distress (%) distribution charts can be found below:
* The bar in red indicates where American Battery Technology Co's Probability of Financial Distress (%) falls into.
American Battery Technology Co Probability of Financial Distress (%) Calculation
Probability of Financial Distress (%) (PFD) was developed by John Campbell, Jens Hilscher and Jan Szilagyi in their Search of Distress Risk. It measures the probability that a company will go bankrupt within the next 12 months given its current financial position.
The Probability of Financial Distress (%) was obtained by a logit probability model based on eight explanatory variables. The logit formula to compute the probability of financial distress (LPFD) is given below:
| LPFD | = | -20.12 * NIMTAAVG | + | 1.60 * TLMTA | - | 7.88 * EXRETAVG | + | 1.55 * SIGMA | - | 0.005 * RSIZE | - | 2.27 * CASHMTA | + | 0.070 * MB | - | 0.09 * PRICE | - | 8.87 |
| = | -4.55 |
The Probability of Financial Distress (%) (PFD) was then obtianed by:
| PFD | = | 1 | / | (1 + e^(-LPFD)) | * | 100% |
| = | 1.04% |
The eight explanatory variables are:
1. NIMTAAVG = Net Income to Market Total Assets
*Note that for companies reported quarterly, geometrically declining weighted quarterly Net Income data in latest four quarters are used.
2. TLMTA = Total liabilities to Market Total Assets
3. CASHMTA = Cash to Market Total Assets
For non-financial companies, CASHMTA is measured as:
4. EXRETAVG = Excess Return compared to the S&P 500
EXRETAVG is the weighted excess return compared to the S&P 500 in past 12 month. Geometrically declining weights are imposed on the monthly excess return to reflect lagged information. The weight is halved each quarter.
5. SIGMA = Standard Deviation of Daily Returns
For sigma, we use the annualized standard deviation of a company's returns over the past 92 days (or 63 trading days).
6. RSIZE = Relative Size
| RSIZE | = | log (Market Cap | / | Total Market Cap of S&P 500 companies) |
7. MB = Market to Adjusted Book Equity Ratio
8. PRICE
PRICE is measured as the log of the stock price, capped at log(15).
American Battery Technology Co (American Battery Technology Co) Business Description
Traded in Other Exchanges
N/A
Address
100 Washington Street, Suite 100, Reno, NV, USA, 89503
American Battery Technology Co is engaged in lithium-ion battery recycling, battery metals and material extraction, and resource production. It is a battery metals company producing low-cost battery metals with a commitment to closed-loop, clean energy technologies.
Executives
| Jesse Samuel Deutsch |
officer: Chief Financial Officer |
269 BOOTH LN, HAVERFORD PA 19041 |
| Fezell Donald Richard Jr |
director |
PO BOX 2384, CARMEL CA 93921 |
| Kimberly Ann Eckert |
officer: Chief Financial Officer |
1560 W 37TH AVE, DENVER CO 80211 |
| Elizabeth Ann Lowery |
director |
275 DATE PALM RD #303, VERO BEACH FL 32963 |
| Douglas Cole |
director, officer: CEO, CFO |
C/O AMERICAN BATTERY METALS CORP, 930 TAHOE BLVD, STE 802-16, INCLINE VILLAGE NV 89451 |
| Julia Blunden |
director |
16765 EDGAR ST., PACIFIC PALISADES CA 90272 |
| Sherif Marakby |
director |
6061 FAIRBORN DR, CANTON MI 48187 |
| Douglas Charles Maclellan |
director |
11825 MAJOR STREET, CULVER CITY CA 90230 |
| David Bruce Batstone |
director |
PO BOX 253, EL GRANADA CA 94018 |
| Scott Jolcover |
officer: Chief Resource Officer |
PO BOX 1118, VIRGINIA CITY NV 89440 |
| Meza Leal Andres Manuel |
officer: Chief Operating Officer |
202 SEAVIEW STREET, #209, MANHATTAN BEACH CA 90266 |
| John Hunter William |
director |
930 TAHOE BOULEVARD, SUITE 802-16, INCLINE VILLAGE NV 89451 |
| David Corsaut |
officer: Chief Financial Officer |
22120 SERENATA CIRCLE, BOCA RATON FL 33433 |
| Ryan Mitchell Melsert |
director, officer: Chief Technology Officer |
255 N SIERRA ST, UNIT 1512, RENO NV 89501 |
| Michael Thomas Mason |
director, officer: Chief Executive Officer |
142 STRATFORD AVE, GARDEN CITY NY 11530 |
American Battery Technology Co (American Battery Technology Co) Headlines
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