What is Regional Health Properties 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, Regional Health Properties's Probability of Financial Distress (%) is 0.03%.
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 Regional Health Properties's Probability of Financial Distress (%)
For the Medical Care Facilities subindustry, Regional Health Properties'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.
Regional Health Properties's Probability of Financial Distress (%) Distribution in the Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Regional Health Properties's Probability of Financial Distress (%) distribution charts can be found below:
* The bar in red indicates where Regional Health Properties's Probability of Financial Distress (%) falls into.
Regional Health Properties 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 |
| = | -8.13 |
The Probability of Financial Distress (%) (PFD) was then obtianed by:
| PFD | = | 1 | / | (1 + e^(-LPFD)) | * | 100% |
| = | 0.03% |
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).
Regional Health Properties (Regional Health Properties) Business Description
Traded in Other Exchanges
Address
454 Satellite Boulevard NW, Suite 100, Suwanee, GA, USA, 30024-7191
Regional Health Properties Inc is a self-managed healthcare real estate investment company that invests primarily in real estate purposed for senior living and long-term healthcare through facility lease and sub-lease transactions. It has two reportable segments real estate segment and the healthcare services segment. It derives the majority of its revenue from the healthcare services segment. Its portfolio of more than 20 properties is diversified across various states, with concentrations in Georgia and Ohio.
Executives
| Brent Morrison |
director |
454 SATELLITE BLVD, NW #100, SUWANEE GA 30341 |
| Paul Jason O'sullivan |
officer: Senior Vice President |
454 SATELLITE BLVD, NW, 100, SUWANEE GA 30024 |
| Steven L Martin |
director |
153 EAST 53RD STREET, 26TH FLOOR, NEW YORK NY 10022 |
| Kenneth S Grossman |
director |
18 NORFOLK RD, GREAT NECK NY 11020 |
| David A Tenwick |
director |
8503 MISTY WOODS CIRCLE, POWELL OH 43065 |
| Benjamin A Waites |
officer: Chief Financial Officer |
8215 ROSWELL ROAD, BUILDING 600, ATLANTA GA 30350 |
| Charles L Frischer |
10 percent owner |
3156 EAST LAURELHURST DRIVE, NE, SEATTLE WA 98105 |
| Kenneth Wayne Taylor |
director |
454 SATELLITE BOULEVARD, SUWANEE GA 30024 |
| Brian M Szames |
director |
454 SATELLITE BOULEVARD, SUITE 100, SUWANEE GA 30024 |
| E Clinton Cain |
officer: Chief Accounting Officer |
1145 HEMBREE ROAD, ROSWELL GA 30076 |
| Park City Capital, Llc |
director |
12400 COIT ROAD, SUITE 800, DALLAS TX 75251 |
| Thomas W Knaup |
director |
1145 HEMBREE ROAD, ROSWELL GA 30076 |
| Susan I. Christensen |
officer: VP Sales/Infant Products Div |
711 WEST WALNUT STREET, COMPTON CA 90220 |
| Allan J Rimland |
officer: President & CFO |
1145 HEMBREE ROAD, ROSWELL GA 30076 |
| Philip S Radcliffe |
director |
106 BURNHAM, WILLIAMSBURG VA 23188 |
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