What is DocGo 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, DocGo's Probability of Financial Distress (%) is 0.12%.
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 DocGo's Probability of Financial Distress (%)
For the Medical Care Facilities subindustry, DocGo'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.
DocGo's Probability of Financial Distress (%) Distribution in the Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, DocGo's Probability of Financial Distress (%) distribution charts can be found below:
* The bar in red indicates where DocGo's Probability of Financial Distress (%) falls into.
DocGo 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 |
| = | -6.72 |
The Probability of Financial Distress (%) (PFD) was then obtianed by:
| PFD | = | 1 | / | (1 + e^(-LPFD)) | * | 100% |
| = | 0.12% |
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).
DocGo (DCGO) Business Description
Traded in Other Exchanges
N/A
Address
35 West 35th Street, Floor 6, New York, NY, USA, 10001
DocGo Inc is a provider of last-mile mobile health services and integrated medical mobility solutions. DocGo is disrupting the traditional four-wall healthcare system by providing care at the scale of humanity. Its technology and dedicated field staff of certified health professionals elevate the quality of patient care and drive business efficiencies for facilities, hospital networks, and health insurance providers. With Mobile Health, DocGo empowers the full promise and potential of telehealth by facilitating healthcare treatment, in tandem with a remote physician, in the comfort of a patient's home or workplace.
Executives
| Stephen Sugrue |
officer: Chief Compliance Officer |
35 WEST 35TH STREET, FLOOR 6, NEW YORK NY 10001 |
| Lee Bienstock |
officer: Chief Operating Officer |
35 WEST 35TH STREET, FLOOR 6, NEW YORK NY 10001 |
| Ely D Tendler |
director, officer: General Counsel, Secretary |
STRATEGIC AND LEGAL SERVICES, PLLC, 54 LAWRENCE AVENUE, LAWRENCE NY 11559 |
| Anthony Capone |
officer: President |
106 DUANE ST., #3, NEW YORK NY 10007 |
| Adriaan Stephanus Oberholzer |
officer: Chief Financial Officer |
35 W 35TH STREET, 6TH FLOOR, NEW YORK NY 10001 |
| James M Travers |
director |
C/O FLEETMATICS, 1100 WINTER STREET, 4TH FL, WALTHAM MA 02451 |
| Etalvina Leite |
director |
5477 VIA NICOLA, NEWBURY PARK CA 91320 |
| Michael J Burdiek |
director |
39 PARKER, IRVINE CA 92618 |
| Ira Smedra |
director |
401 N. JUNE STREET, LOS ANGELES CA 90004 |
| Mark Do Merlin |
officer: CMO, Ambulnz Holdings, LLC |
35 W 35TH STREET, NEW YORK NY 10001 |
| Michael S. Witkowski |
officer: Chief Compliance Officer |
PO BOX 10482, NEWBURGH NY 12552 |
| Christopher Fillo |
director |
3110 MAIN STREET, SUITE 310, SANTA MONICA CA 90405 |
| Norman Rosenberg |
officer: CFO, Ambulnz Holdings, LLC |
51 MOUNTAIN AVENUE, MONSEY NY 10952 |
| Stanley Vashovsky |
director, 10 percent owner, officer: Chief Executive Officer |
763 RALEIGH STREET, WOODMERE NY 11598 |
| Steven Katz |
director |
20 REBEL RUN DR, EAST BRUNSWICK NJ 08816 |
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