What is hhgregg 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, hhgregg's Probability of Financial Distress (%) is 0.00%.
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 hhgregg's Probability of Financial Distress (%)
For the Specialty Retail subindustry, hhgregg'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.
hhgregg's Probability of Financial Distress (%) Distribution in the Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, hhgregg's Probability of Financial Distress (%) distribution charts can be found below:
* The bar in red indicates where hhgregg's Probability of Financial Distress (%) falls into.
hhgregg 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 |
| = | 0.00 |
The Probability of Financial Distress (%) (PFD) was then obtianed by:
| PFD | = | 1 | / | (1 + e^(-LPFD)) | * | 100% |
| = | 0.00% |
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).
hhgregg (hhgregg) Business Description
Traded in Other Exchanges
N/A
Address
4151 East 96th Street, Indianapolis, IN, USA, 46240
hhgregg Inc is a part of the retail sector. It is a multi-regional retailer which provides an extensive selection of premium appliances, consumer electronics, home products and computers and tablets in its brick-and-mortar stores in the United States via hhgregg.com. The company's sales are categorized into four products; Appliances, which include refrigerators, cooking ranges, dishwashers; Consumer electronics such as 4K and OLED televisions and audio systems; Home Products which include furniture and mattresses and computer systems.
Executives
| Aaron Trahan |
officer: Chief Merchandising Officer |
4151 E 96TH STREET, INDIANAPOLIS IN 46240 |
| Michael Andretti |
director |
4151 E. 96TH STREET, INDIANAPOLIS IN 46240 |
| Thomas Joseph Schuetz |
officer: Chief Information Officer |
4151 E 96TH STREET, INDIANAPOLIS IN 46240 |
| Samuel J Johnson |
officer: Chief Retail Officer |
4151 E 96TH STREET, INDIANAPOLIS IN 46240 |
| Kenneth Kocher |
director |
GENESCO INC., 1415 MURFREESBORO ROAD, NASHVILLE TN 37217 |
| Kevin Kovacs |
officer: Principal Accounting Officer |
HHGREGG INC., 4151 EAST 96TH STREET, INDIANAPOLIS IN 46420 |
| William P Carmichael |
director |
3308 N. MITTHOEFFER ROAD, INDIANAPOLIS IN 46235 |
| Catherine A Langham |
director |
LANGHAM LOGISTICS, INC., 5335 WEST 74TH STREET, INDIANAPOLIS IN 46268 |
| Keith M Zimmerman |
officer: Chief Merchandising Officer |
HHGREGG, INC., 4151 E. 96TH STREET, INDIANAPOLIS IN 46240 |
| Robert James Riesbeck |
officer: Chief Financial Officer |
100 PIER 1 PLACE, FORT WORTH TX 76102 |
| Troy H Risch |
officer: Chief Operating Officer |
300 RADIOSHACK CIRCLE, MS CF3-203, FORT WORTH TX 76102 |
| Andrew S Giesler |
officer: INTERIM CFO |
4151 E. 96TH STREET, INDIANAPOLIS IN 46240 |
| Julie Clare Lyle |
officer: Chief Marketing Officer |
4151 E. 96TH STREET, INDIANAPOLIS IN 46240 |
| Greg Bettinelli |
director |
4151 EAST 96TH STREET, INDIANAPOLIS IN 46240 |
| Jeffery G Haines |
officer: Chief Merchandising Officer |
4151 EAST 96TH STREET, INDIANAPOLIS IN 46240 |
hhgregg (hhgregg) Headlines
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
HGGG has been successfully added to your