What is Tattooed Chef 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, Tattooed Chef'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 Tattooed Chef's Probability of Financial Distress (%)
For the Packaged Foods subindustry, Tattooed Chef'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.
Tattooed Chef's Probability of Financial Distress (%) Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Tattooed Chef's Probability of Financial Distress (%) distribution charts can be found below:
* The bar in red indicates where Tattooed Chef's Probability of Financial Distress (%) falls into.
Tattooed Chef 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).
Tattooed Chef (Tattooed Chef) Business Description
Traded in Other Exchanges
N/A
Address
6305 Alondra Boulevard, Paramount, CA, USA, 90723
Tattooed Chef Inc is a plant-based food company offering a broad portfolio of innovative frozen foods. The company supplies plant-based products to leading retailers in the United States, with signature products such as ready-to-cook bowls, zucchini spirals, riced cauliflower, acai and smoothie bowls, cauliflower crust pizza, wood fire-crusted pizza, handheld burritos, bars, and quesadillas.
Executives
| Gasper Guarrasi |
officer: Chief Operating Officer |
235 POINSETTIA AVE., CORONA DEL MAR CA 92625 |
| Daniel James Williamson |
director |
1 RICKIE LANE, LADERA RANCH CA 92694 |
| Salvatore Galletti |
director, officer: Chief Executive Officer |
27996 PALOS VERDES DR E, RANCHO PALOS VERDES CA 90275 |
| Stephanie Dieckmann |
officer: Chief Operating Officer |
1002 S AMBRIDGE ST, ANAHEIM CA 92806 |
| Charles Franks Cargile |
officer: Chief Financial Officer |
29 HILLGRASS, IRVINE CA 92603 |
| Thomas Matthew Williams |
officer: Chief Growth Officer |
527 21ST STREET, HUNTINGTON BEACH CA 92648 |
| Bryan Stephen Rosenberg |
director |
2443 MYRTLE AVENUE, HERMOSA BEACH CA 90254 |
| Ryan Matthew Olohan |
director |
27 SYLVAN DRIVE, PINE BROOK NJ 07058 |
| Paula Ciaramitaro |
director |
2408 RUE LA CHARLENE, RANCHO PALOS VERDES CA 90275 |
| Marie Quintero-johnson |
director |
3130 FERNCLIFF COMMONS, NE ATLANTA GA 30324 |
| Jennifer Sims Fellner |
director |
3790 HAPPY VALLEY ROAD, LAFAYETTE CA 94549 |
| Edward S Gelfand |
director |
6305 ALONDRA BLVD, PARAMOUNT CA 90723 |
| Giuseppe Bardari |
officer: President, Ittella Italy |
VIA PRANGI LOTTO COLACE, PIZZO L6 89812 |
| Sarah Galletti |
officer: Director of R&D |
27996 PALOS VERDES DR E, RANCHO PALOS VERDES CA 90275 |
| Steven Berns |
director |
TRADEWEB MARKETS INC., 1177 AVENUE OF THE AMERICAS, NEW YORK NY 10036 |
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