What is Intellinetics 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, Intellinetics's Probability of Financial Distress (%) is 0.11%.
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 Intellinetics's Probability of Financial Distress (%)
For the Software - Application subindustry, Intellinetics'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.
Intellinetics's Probability of Financial Distress (%) Distribution in the Software Industry
For the Software industry and Technology sector, Intellinetics's Probability of Financial Distress (%) distribution charts can be found below:
* The bar in red indicates where Intellinetics's Probability of Financial Distress (%) falls into.
Intellinetics 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 |
| = | -6.81 |
The Probability of Financial Distress (%) (PFD) was then obtianed by:
| PFD | = | 1 | / | (1 + e^(-LPFD)) | * | 100% |
| = | 0.11% |
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).
Intellinetics (Intellinetics) Business Description
Traded in Other Exchanges
N/A
Address
2190 Dividend Drive, Columbus, OH, USA, 43228
Intellinetics Inc is a document service and solutions software company serving both the small-to-medium business and governmental sectors. The company's digital transformation products and services are provided through two reporting segments: Document Management and Document Conversion. The Document Management segment consists primarily of solutions involving software platforms, which allow customers to capture and manage all documents across operations such as scanned hard-copy documents and all digital documents including those from Microsoft Office 365, digital images, audio, video, and emails. The company's Document Conversion offerings aid clients as a part of their overall document strategy to convert documents from one medium to another.
Executives
| Paul Seid |
director |
22 WOODHAVEN DRIVE, NEW CITY NY 10956 |
| Robert Taglich |
10 percent owner |
700 NEW YORK AVENUE, HUNTINGTON NY 11743 |
| John C Guttilla |
director |
C/O ORCHIDS PAPER PRODUCTS COMPANY, 4826 HUNT STREET, PRYOR OK 74361 |
| Michael N Taglich |
10 percent owner |
TAGLICH BROTHERS INC, 1370 AVENUE OF THE AMERICAS --31ST FLOOR, NEW YORK NY 6317254791 |
| William Cooke |
director |
800 STANDARD PARKWAY, AUBURN HILLS MI 48326 |
| Robert C Schroeder |
director |
37 MAIN STREET, COLD SPRING HARBOR, NEW YORK NY 11724 |
| James F Desocio |
director, officer: Chief Executive Officer |
380 ST PETER STREET, ST PAUL MN 55102 |
| Joseph D Spain |
officer: Chief Financial Officer |
2190 DIVIDEND DR., COLUMBUS OH 43228 |
| Roger E. Kahn |
director |
C/O BRIDGELINE DIGITAL, INC., 80 BLANCHARD ROAD, BURLINGTON MA 01803 |
| Sophie Pibouin |
director |
4 SAINT JODE COURT, NORTHPORT NY 11768 |
| Murray H Gross |
director |
2951 KINWEST PARKWAY, IRVING TX 75063 |
| Thomas D Moss |
director |
2190 DIVIDEND DRIVE, COLUMBUS OH 43228 |
| Matthew L Chretien |
director, 10 percent owner, officer: President and CEO |
2190 DIVIDEND DRIVE, COLUMBUS OH 43228 |
| A Michael Chretien |
director, 10 percent owner, officer: Secretary and Chairman |
2190 DIVIDEND DRIVE, COLUMBUS OH 43228 |
| Ramon M Shealy |
other: Former Director* |
2190 DIVIDEND DRIVE, COLUMBUS OH 43228 |
Intellinetics (Intellinetics) Headlines
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
INLX has been successfully added to your