What is Sun Pacific Holding 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, Sun Pacific Holding's Probability of Financial Distress (%) is 91.73%.
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 Sun Pacific Holding's Probability of Financial Distress (%)
For the Advertising Agencies subindustry, Sun Pacific Holding'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.
Sun Pacific Holding's Probability of Financial Distress (%) Distribution in the Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Sun Pacific Holding's Probability of Financial Distress (%) distribution charts can be found below:
* The bar in red indicates where Sun Pacific Holding's Probability of Financial Distress (%) falls into.
Sun Pacific Holding 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 |
| = | 2.41 |
The Probability of Financial Distress (%) (PFD) was then obtianed by:
| PFD | = | 1 | / | (1 + e^(-LPFD)) | * | 100% |
| = | 91.73% |
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).
Sun Pacific Holding (Sun Pacific Holding) Business Description
Traded in Other Exchanges
N/A
Address
345 Highway 9 South, Suite 388, Manalapan, NJ, USA, 07726
Sun Pacific Holding Corp is a green energy company specializing in solar and waste-to-energy technologies. With a focus on deploying its subject matter expertise and experience in green energy solutions, Sun Pacific is building a Company that designs, develops, builds, and manages green technologies that support renewable energy solutions. Sun Pacific operates several subsidiaries including Sun Pacific Power Corp, Street Smart Outdoor Corp, and National Mechanical Corp. The company provides solar bus stops, solar trashcans, and street kiosks that utilize its advertising offerings that provide State and local municipalities with costs efficient solutions.
Executives
| Nicholas B Campanella |
director, 10 percent owner, officer: CEO |
3 KELTON PLACE, MANALAPAN NJ 07726 |
| Vincent Randazzo |
director |
18822, LISTER LANE, HUNTINGTON BEACH CA 92646 |
| William J. Singer |
director, officer: President |
1482 E VALLEY RD, SANTA BARBARA CA 93108 |
| Sumair Mitroo |
director |
4020 GALT OCEAN MILE, APT. 1607, FT. LAUDERDALE FL 33308 |
| Karen Elizabeth Jervis |
officer: Chief Executive Officer |
1 BELLFIELD CRESCENT, EDDLESTON, PEEBLES X0 EH45 8RQ |
| Graham Philip May |
officer: Chief Operating Officer |
36 SPITAL SQUARE, 4TH FLOOR, LONDON X0 E1 6DY |
| David Cooper |
director |
52 QUEEN ANNE STREET, LONDON X0 W1G 8HL |
| Oxon Life Science Ltd |
10 percent owner |
DONEGAN, ZETLANDS, NEVIS U7 0000 |
| Konstantinos Kardiasmenos |
director, officer: Pres/CEO/CFO/Sec. and Treas. |
4 PTOLEMEON STREET, ATHENS J3 11635 |
| Lars Christiansen |
10 percent owner |
13 MERINO COURT, 154 LIVER STREET, LONDON X0 EC1V 8BG |
| Mitchell Johnson |
director, officer: President and CEO |
SUITE 5.15 MLS BUSINESS CENTRE, 130 SHAFTESBURY AVENUE, LONDON X0 W1D 5EU |
| Infrablue Inc. |
10 percent owner |
J&J BUSINESS COMPLEX, SUITE 102, FRIARS HILL ROAD, ST. JOHN'S B9 0000 |
| Keydata Technology Partnership 3 Llp |
10 percent owner |
ONE ANGEL COURT, LONDON X0 EC2R 7HJ |
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