What is Galaxy Gaming 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, Galaxy Gaming's Probability of Financial Distress (%) is 0.08%.
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 Galaxy Gaming's Probability of Financial Distress (%)
For the Gambling subindustry, Galaxy Gaming'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.
Galaxy Gaming's Probability of Financial Distress (%) Distribution in the Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Galaxy Gaming's Probability of Financial Distress (%) distribution charts can be found below:
* The bar in red indicates where Galaxy Gaming's Probability of Financial Distress (%) falls into.
Galaxy Gaming 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 |
| = | -7.16 |
The Probability of Financial Distress (%) (PFD) was then obtianed by:
| PFD | = | 1 | / | (1 + e^(-LPFD)) | * | 100% |
| = | 0.08% |
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).
Galaxy Gaming (Galaxy Gaming) Business Description
Traded in Other Exchanges
N/A
Address
6480 Cameron Street, Suite 305, Las Vegas, NV, USA, 89118
Galaxy Gaming Inc develops, acquires, assembles, and markets technology and entertainment-based products and services for the gaming industry for placement on casino floors and on legal internet gaming sites. Its products and services are related to licensed casino operators' table game activities and focus on either increasing profitability, productivity, and security or expanding gaming entertainment offerings in the form of proprietary table games, electronically enhanced table game platforms, and fully automated electronic tables and other ancillary equipment. In addition, it licenses intellectual property to legal internet gaming operators. Its products are assembled at headquarters in Las Vegas, Nevada, as well as outsourced for certain sub-assemblies in the United States.
Executives
| Hagerty Harry C Iii |
officer: CFO |
6767 SPENCER STREET, LAS VEGAS NV 89119 |
| Meredith B. Brill |
director |
52 HILLHURST BLVD, TORONTO A6 M5N 1N6 |
| Cheryl Kondra |
director |
6480 CAMERON STREET, SUITE 305, LAS VEGAS NV 89118 |
| Mark A Lipparelli |
director |
6595 S JONES BLVD, LAS VEGAS, NV, USA NV 89118 |
| Todd P Cravens |
officer: CEO |
6767 SPENCER STREET, LAS VEGAS NV 89119 |
| Michael Gavin Isaacs |
director |
BALLY TECHNOLOGIES, INC., 6601 BERMUDA ROAD, LAS VEGAS NV 89119 |
| William A Zender |
director |
296 DOE RUN CIRCLE, HENDERSON NV 89012 |
| Bryan W. Waters |
director |
240 MONTE VISTA RIDGE ROAD, ORINDA CA 94563 |
| Norman H Desrosiers |
director |
6987 VINNEDGE LANE, #119, HIGHLAND NV 92346 |
| Triangulum Partners, Llc. |
10 percent owner |
6767 SPENCER ST, LAS VEGAS NV 89119 |
| Robert B. Saucier |
director, 10 percent owner, officer: CEO, CFO |
6980 O'BANNON DRIVE, LAS VEGAS NV 89117 |
| Gary Anthony Vecchiarelli |
officer: Chief Financial Officer |
6980 OBANNON DRIVE, LAS VEGAS NV 89117 |
| Alixandra Saucier Regulatory Trust |
other: Affiliated Trust |
698O O'BANNON DRIVE, LAS VEGAS NV 89117 |
| William E O'hara |
officer: COO |
6980 O'BANNON DRIVE, LAS VEGAS NV 89117 |
| Patrick Mcnevin |
director |
5205 E. LINCOLN DR., PARADISE VALLEY AZ 85253 |
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