What is KULR Technology Group 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, KULR Technology Group's Probability of Financial Distress (%) is 9.32%.
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 KULR Technology Group's Probability of Financial Distress (%)
For the Electronic Components subindustry, KULR Technology Group'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.
KULR Technology Group's Probability of Financial Distress (%) Distribution in the Hardware Industry
For the Hardware industry and Technology sector, KULR Technology Group's Probability of Financial Distress (%) distribution charts can be found below:
* The bar in red indicates where KULR Technology Group's Probability of Financial Distress (%) falls into.
KULR Technology Group 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 |
| = | -2.28 |
The Probability of Financial Distress (%) (PFD) was then obtianed by:
| PFD | = | 1 | / | (1 + e^(-LPFD)) | * | 100% |
| = | 9.32% |
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).
KULR Technology Group (KULR Technology Group) Business Description
Traded in Other Exchanges
N/A
Address
4863 Shawline Street, San Diego, CA, USA, 92111
KULR Technology Group Inc develops and commercializes high-performance thermal management technologies for electronics, batteries, and other components. The company is focused on targeting the following applications: electric vehicles and autonomous driving systems; artificial intelligence and Cloud computing; energy storage; and 5G communication technologies. Its product portfolio includes ARA Thermal Capacitor, CRUX Cathode, HYDRA Thermal Runaway Shield, LYRA ISC Trigger Cell, URSA Fiber Thermal Interface, and VEGA Internal Short Circuit.
Executives
| Michael Mo |
director, 10 percent owner, officer: CEO |
14440 BIG BASIN WAY, #12, SARATOGA CA 95070 |
| Timothy Ray Knowles |
director, officer: Chief Technical Officer |
C/O KT HIGH-TECH MARKETING INC., 14440 BIG BASIN WAY #12, SARATOGA CA 95070 |
| Shawn Canter |
officer: Chief Financial Officer |
4863 SHAWLINE STREET, SAN DIEGO CA 92111 |
| William Quinn Walker |
officer: Chief Technology Officer |
626 BEALS CREEK LANE, WEBSTER TX 77598 |
| Terry Keith Cochran |
officer: President and COO |
1999 S BASCOM AVE, SUITE 700, CAMPBELL CA 95008 |
| Stayce D. Harris |
director |
1999 S. BASCOM AVE., SUITE 700, CAMPBELL CA 95008 |
| Joanna D. Massey |
director |
1999 S. BASCOM AVE, SUITE 700, CAMPBELL CA 95008 |
| Morio Kurosaki |
director |
1-2-14 ICHIGAYASADOHARA, SHINJUKU-KU, TOKYO M0 162-0842 |
| Simon P Westbrook |
officer: Chief Financial Officer |
4920 EL CAMINO REAL, STE 100, LOS ALTOS CA 94022 |
| George Ernest Henschke |
officer: Interim Prin. Fin. Off., Treas |
C/O KT HIGH-TECH MARKETING INC., 14440 BIG BASIN WAY #12, SARATOGA CA 95070 |
| Michael Gerald Carpenter |
officer: Vice President of Engineering |
C/O KT HIGH-TECH MARKETING INC., 14440 BIG BASIN WAY #12, SARATOGA CA 95070 |
| James M Cassidy |
director, 10 percent owner, officer: president,secretary,treasurer |
215 APOLENA AVENUE, NEWPORT BEACH CA 92662 |
| James K Mckillop |
director, 10 percent owner, officer: VP |
9454 WILSHIRE BOULEVARD, SUITE 612, BEVERLY HILLS CA 90212 |
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