What is Vinco Ventures 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, Vinco Ventures'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 Vinco Ventures's Probability of Financial Distress (%)
For the Leisure subindustry, Vinco Ventures'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.
Vinco Ventures's Probability of Financial Distress (%) Distribution in the Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Vinco Ventures's Probability of Financial Distress (%) distribution charts can be found below:
* The bar in red indicates where Vinco Ventures's Probability of Financial Distress (%) falls into.
Vinco Ventures 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).
Vinco Ventures (Vinco Ventures) Business Description
Traded in Other Exchanges
N/A
Address
6 North Main Street, Fairport, NY, USA, 14450
Vinco Ventures Incis a vertically-integrated, end-to-end, consumer product research and development, manufacturing, sales and fulfillment company. It offers kitchenware, small appliances, toys, pet care, baby products, health and beauty aids, entertainment venue merchandise, and housewares to retailers, mass-market retailers, and e-commerce sites; and personal protective equipment to governmental agencies, hospitals, and distributors. The company also offers Lomotif app that allows its users to create their own music videos; Cortex, a real-time analytics for marketing spend and revenue optimization; and delivers ad-campaign creation, optimalization, and monetization at scale.
Executives
| James Robertson |
officer: Chief Executive Officer |
24 ASPEN PARK BLVD, EAST SYRACUSE NY 13057 |
| Christopher Vincent Polimeni |
officer: Chief Financial Officer |
24 ASPEN PARK BLVD., EAST SYRACUSE NY 13057 |
| Lisa A. King |
director |
19 CAPSTONE RISE, ROCHESTER NY 14625 |
| Richard Levychin |
director |
189 MONTAGUE STREET, APT. 28A, BROOKLYN NY 11201 |
| Phillip Anthony Mcfillin |
other: Legal counsel |
116 KINGS HIGHWAY EAST, SUITE 2A, HADDONFIELD NJ 08033 |
| Kevin J O'donnell |
director |
91 OAKLEIGH LANE, MAITLAND FL 32751 |
| Christopher Ferguson |
director, 10 percent owner, officer: Chairman and CEO |
1866 LEITHSVILLE ROAD, SUITE 223, HALLERTOWN PA 18055 |
| Stuart J. Ferguson |
10 percent owner |
125 S DELAWARE DR, LOT 6, EASTON PA 18042 |
| Thomas S. Ferguson |
10 percent owner |
500 FAIRBANKS AVENUE, PHILLIPSBURG NJ 08865 |
| Kevin James Ferguson |
officer: President and Treasurer |
20 INDUSTRIAL ROAD, ALPHA NJ 08865 |
| Toper Taylor |
director |
C/O EDISON NATION, INC., 909 NEW BRUNSWICK AVENUE, PHILLIPSBURG NJ 08865 |
| Frank D Jennings |
director |
1739 SAILMAKER STREET, CHARLESTON SC 29492 |
| Louis Foreman |
director |
520 ELLIOT STREET, CHARLOTTE NC 28202 |
| Vroman Brett Earl James |
officer: Chief Financial Officer |
C/O EDISON NATION, INC., 909 NEW BRUNSWICK AVENUE, PHILLIPSBURG NJ 08865 |
| Lelainya D. Ferguson |
10 percent owner |
1758 RED HAWK WAY, BETHLEHEM PA 10015 |
Vinco Ventures (Vinco Ventures) Headlines
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