What is Ondas Holdings 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, Ondas Holdings's Probability of Financial Distress (%) is 1.48%.
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 Ondas Holdings's Probability of Financial Distress (%)
For the Communication Equipment subindustry, Ondas Holdings'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.
Ondas Holdings's Probability of Financial Distress (%) Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Ondas Holdings's Probability of Financial Distress (%) distribution charts can be found below:
* The bar in red indicates where Ondas Holdings's Probability of Financial Distress (%) falls into.
Ondas Holdings 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 |
| = | -4.20 |
The Probability of Financial Distress (%) (PFD) was then obtianed by:
| PFD | = | 1 | / | (1 + e^(-LPFD)) | * | 100% |
| = | 1.48% |
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).
Ondas Holdings (Ondas Holdings) Business Description
Traded in Other Exchanges
Address
411 Waverley Oaks Road, Suite 114, Waltham, MA, USA, 02452
Ondas Holdings Inc designs, develops, manufactures, sells, and supports FullMAX Software Defined Radio (SDR) technology in the United States, Israel, and India. Its FullMAX system of wireless base stations, fixed and mobile remote radios are deployed by customers to create wide-area wireless broadband cellular networks. The company markets and sells its products to companies in the electric utilities, water and wastewater utilities, oil and gas producers, and for other critical infrastructure applications in areas such as homeland security and defense, and transportation.
Executives
| Richard M Cohen |
director |
C/O CARNEGIE INTERNATIONAL CORP, 11350 MCCORMICK ROAD EXECUTIVE PLAZA #3, HUNT VALLEY MD 21031 |
| Joseph V Popolo |
10 percent owner |
3899 MAPLE AVENUE, SUITE 100, DALLAS TX 75219 |
| Yishay Curelaru |
officer: CFO, Treasurer and Secretary |
14 HAMEYASDIM ST., YESOD HAMAALA L3 1210500 |
| Richard H Silverman |
director |
165 GIBRALTAR COURT, SUNNYVALE CA 94089 |
| Jaspreet K Sood |
director |
61 OLD SOUTH ROAD, #495, NANTUCKET MA 02554 |
| Randy Seidl |
director |
C/O ONDAS HOLDINGS INC., 165 GIBRALTAR CT., SUNNYVALE CA 94089 |
| Thomas Bushey |
director, officer: President |
55 EAST 52ND STREET, NEW YORK NY 10055 |
| Reese Mozer |
officer: President |
411 WAVERLEY OAKS ROAD, SUITE 114, WALTHAM MA 02452 |
| Derek Reisfield |
director |
165 GIBRALTAR COURT, SUNNYVALE CA 94089 |
| Stewart Kantor |
director, officer: CFO, Pres., Sec., Treasurer |
165 GIBRALTAR COURT, SUNNYVALE CA 94089 |
| Eric A Brock |
director, officer: CEO and Chairman |
165 GIBRALTAR COURT, SUNNYVALE CA 94089 |
| Robert J Smith |
10 percent owner |
13650 FIDDLESTICKS BLVD., SUITE 202-324, FT. MYERS FL 33912 |
Ondas Holdings (Ondas Holdings) Headlines
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