What is Liberty Star Uranium & Metals 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, Liberty Star Uranium & Metals's Probability of Financial Distress (%) is 0.42%.
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 Liberty Star Uranium & Metals's Probability of Financial Distress (%)
For the Other Industrial Metals & Mining subindustry, Liberty Star Uranium & Metals'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.
Liberty Star Uranium & Metals's Probability of Financial Distress (%) Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Liberty Star Uranium & Metals's Probability of Financial Distress (%) distribution charts can be found below:
* The bar in red indicates where Liberty Star Uranium & Metals's Probability of Financial Distress (%) falls into.
Liberty Star Uranium & Metals 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 |
| = | -5.46 |
The Probability of Financial Distress (%) (PFD) was then obtianed by:
| PFD | = | 1 | / | (1 + e^(-LPFD)) | * | 100% |
| = | 0.42% |
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).
Liberty Star Uranium & Metals (Liberty Star Uranium & Metals) Business Description
Traded in Other Exchanges
N/A
Address
2 East Congress Street, Suite 900, Tucson, AZ, USA, 85701
Liberty Star Uranium & Metals Corp is an Arizona-based mineral exploration company. It is engaged in the acquisition, exploration, and development of mineral properties in Arizona and the southwest USA. The company's projects include the Tombstone Super Project and the Hay Mountain project. It explores for uranium, copper, gold, molybdenum, silver, lead, zinc, and other metals.
Executives
| Pete O'heeron |
director |
17300 EL CAMINEO REAL, SUITE 110, HOUSTON TX 77058 |
| Brett Gross |
director |
2 EAST CONGRESS ST., STE 900, TUCSON AZ 85701 |
| Saleem Elmasri |
director |
450 PARK AVE SOUTH, 3RD FLOOR, NEW YORK NY 10016 |
| Vann Eugene Streety |
director |
201 MAGNOLIA RIDGE, CRAWFORDVILLE FL 32327 |
| W. Bradley Munroe |
director |
239 EAST VIRGINIA ST, TALLAHASSEE FL 32301 |
| Boyd Charles Gordon |
director |
2081 KAHALA CIRCLE, CASTLE ROCK CO 80104 |
| Patricia Madaris |
officer: VP Finance |
5610 E. SUTLER LANE, TUCSON AZ 85629 |
| Bernard John Guarnera |
director |
9213 LAS MANAITAS AVENUE, SUITE 401, LAS VEGAS NV 89144 |
| Nicholas H. Hemmerly |
director |
2537 RESEARCH BOULEVARD, SUITE 201, FORT COLLINS CO 80526 |
| Charles D. Vollmer |
director |
1645 WHITE PINE DRIVE, VIENNA VA 22182 |
| Othon T Eduardo |
director, officer: VP Global Business Dev. |
109 N LOOKOUT KNOB DRIVE, SAHUARITA AZ 85629 |
| Larry Liang |
director, officer: VP Business Dev. China |
255 WHTINEY AVENUE, APT. 15, NEW HAVEN CT 06511 |
| Keith Brill |
director |
250 CENTRAL AVENUE APT B204, LAWRENCE NY 11559 |
| James A Briscoe |
director, officer: President, CEO Chairman |
5610 E SUTLER LANE, TUCSON AZ 85712 |
| Robert B Fields |
director |
215 EAST 68TH STREET, NEW YORK NY 10021 |
Liberty Star Uranium & Metals (Liberty Star Uranium & Metals) Headlines
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