What is Hycroft Mining Holding 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, Hycroft Mining Holding's Probability of Financial Distress (%) is 4.86%.
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 Hycroft Mining Holding's Probability of Financial Distress (%)
For the Gold subindustry, Hycroft Mining Holding'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.
Hycroft Mining Holding's Probability of Financial Distress (%) Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Hycroft Mining Holding's Probability of Financial Distress (%) distribution charts can be found below:
* The bar in red indicates where Hycroft Mining Holding's Probability of Financial Distress (%) falls into.
Hycroft Mining Holding 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 |
| = | -2.98 |
The Probability of Financial Distress (%) (PFD) was then obtianed by:
| PFD | = | 1 | / | (1 + e^(-LPFD)) | * | 100% |
| = | 4.86% |
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).
Hycroft Mining Holding (Hycroft Mining Holding) Business Description
Traded in Other Exchanges
N/A
Address
4300 Water Canyon Road, Unit 1, Winnemucca, NV, USA, 89445
Hycroft Mining Holding Corp is a gold and silver producer. Its operating mine, the Hycroft Mine, is an open-pit heap leach operation located approximately fifty four miles west of Winnemucca, Nevada.
Executives
| Diane R Garrett |
director, officer: President, CEO & Director |
C/O NOVAGOLD RESOURCES INC., 201 SOUTH MAIN, SUITE 400, SALT LAKE CITY UT 84111 |
| Stanton K Rideout |
officer: Executive Vice President & CFO |
C/O HYCROFT MINING HOLDING CORPORATION, 8181 E. TUFTS AVE. SUITE 510, DENVER CO 80237 |
| Rebecca Jennings |
officer: Senior Vice President |
4300 WATER CANYON ROAD, UNIT 1, WINNEMUCCA NV 89445 |
| Mudrick Capital Management, L.p. |
director, 10 percent owner |
527 MADISON AVENUE, 6TH FLOOR, NEW YORK NY 10022 |
| Stephen A Lang |
director |
1 UNIVERSITY AVENUE, SUITE 1500, TORONTO A6 M5J 2P1 |
| Eric Sprott |
10 percent owner |
2700-200 BAY STREET, ROYAL BANK PLAZA SOUTH TOWER, TORONTO A6 M5J 2J1 |
| David C Naccarati |
director |
ONE NORTH CENTRAL AVENUE, CORPORATE SECRETARY DEPARTMENT, PHOENIX AZ 85004 |
| Sean D. Goodman |
director |
11500 ASH STREET, LEAWOOD KS 66211 |
| 2176423 Ontario Ltd. |
10 percent owner |
200 BAY STREET, SUITE 2600, ROYAL BANK PLAZA, SOUTH TOWER, TORONTO A6 M5J 2J1 |
| American Multi-cinema, Inc. |
10 percent owner |
ONE AMC WAY, 11500 ASH STREET, LEAWOOD KS 66211 |
| Amc Entertainment Holdings, Inc. |
10 percent owner |
ONE AMC WAY, 11500 ASH STREET, LEAWOOD KS 66211 |
| Whitebox Advisors Llc |
10 percent owner |
3033 EXCELSIOR BLVD., SUITE 500, MINNEAPOLIS MN 55416 |
| Whitebox General Partner Llc |
10 percent owner |
3033 EXCELSIOR BLVD., SUITE 300, MINNEAPOLIS MN 55416 |
| Highbridge Capital Management Llc |
10 percent owner |
277 PARK AVE, 23RD FLOOR, NEW YORK NY 10172 |
| Jeffrey Stieber |
officer: Chief Financial Officer |
8181 E. TUFTS AVE., SUITE510, DENVER CO 80237 |
Hycroft Mining Holding (Hycroft Mining Holding) Headlines
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