What is Atlanta Braves 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, Atlanta Braves Holdings's Probability of Financial Distress (%) is 0.04%.
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 Atlanta Braves Holdings's Probability of Financial Distress (%)
For the Entertainment subindustry, Atlanta Braves 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.
Atlanta Braves Holdings's Probability of Financial Distress (%) Distribution in the Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Atlanta Braves Holdings's Probability of Financial Distress (%) distribution charts can be found below:
* The bar in red indicates where Atlanta Braves Holdings's Probability of Financial Distress (%) falls into.
Atlanta Braves 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 |
| = | -7.91 |
The Probability of Financial Distress (%) (PFD) was then obtianed by:
| PFD | = | 1 | / | (1 + e^(-LPFD)) | * | 100% |
| = | 0.04% |
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).
Atlanta Braves Holdings (Atlanta Braves Holdings) Business Description
Traded in Other Exchanges
Address
12300 Liberty Boulevard, Englewood, CO, USA, 80112
Atlanta Braves Holdings Inc is a holding company. It operates through its wholly-owned subsidiary, which is the owner and operator of the Atlanta Braves Major League Baseball Club and the mixed-use real estate development, The Battery Atlanta, and is the operator of the Atlanta Braves Major League Baseball Club's stadium, Truist Park.
Executives
| Gamco Investors, Inc. Et Al |
10 percent owner |
191 MASON STREET, GREENWICH CT 06830 |
| Associated Capital Group, Inc. |
10 percent owner |
191 MASON STREET, GREENWICH CT 06830 |
| David E Rapley |
director |
12300 LIBERTY BLVD, ENGLEWOOD CO 80112 |
| Ggcp, Inc. |
10 percent owner |
189 MASON STREET, GREENWICH CT 06830 |
| Mario J Gabelli |
10 percent owner |
191 MASON STREET, GREENWICH CT 06830 |
| Berkshire Hathaway Inc |
10 percent owner |
3555 FARNAM STREET, OMAHA NE 68131 |
| Renee L Wilm |
officer: Chief Legal Officer |
12300 LIBERTY BOULEVARD, ENGLEWOOD CO 80112 |
| Brian J Wendling |
officer: CAO/PFO |
12300 LIBERTY BOULEVARD, ENGLEWOOD CO 80112 |
| R. Ted Weschler, |
other: Member of 10% owner group |
404B EAST MAIN STREET, 2ND FLOOR, CHARLOTTESVILLE VA 22902 |
| Robert R Bennett |
director |
12300 LIBERTY BLVD, ENGLEWOOD CO 80112 |
| Warren E Buffett |
10 percent owner |
3555 FARNAM ST, STE 1440, OMAHA NE 68131 |
| Albert E Rosenthaler |
officer: Chief Corp. Dev. Officer |
12300 LIBERTY BLVD, ENGLEWOOD CO 80112 |
| John C Malone |
director, 10 percent owner, officer: Chairman of the Board |
12300 LIBERTY BLVD, ENGLEWOOD CO 80112 |
| Gregory B Maffei |
director, officer: President, CEO |
12300 LIBERTY BLVD, ENGLEWOOD CO 80112 |
| Brian Deevy |
director |
C/O TICKETMASTER, 8800 WEST SUNSET BLVD., WEST HOLLYWOOD CA 90069 |
Atlanta Braves Holdings (Atlanta Braves Holdings) Headlines
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