What is Tingo 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, Tingo's Probability of Financial Distress (%) is 97.20%.
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 Tingo's Probability of Financial Distress (%)
For the Software - Infrastructure subindustry, Tingo'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.
Tingo's Probability of Financial Distress (%) Distribution in the Software Industry
For the Software industry and Technology sector, Tingo's Probability of Financial Distress (%) distribution charts can be found below:
* The bar in red indicates where Tingo's Probability of Financial Distress (%) falls into.
Tingo 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 |
| = | 3.55 |
The Probability of Financial Distress (%) (PFD) was then obtianed by:
| PFD | = | 1 | / | (1 + e^(-LPFD)) | * | 100% |
| = | 97.20% |
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).
Tingo (TMNA) Business Description
Traded in Other Exchanges
N/A
Address
11650 South State Street, Suite 240, Draper, UT, USA, 84020
Tingo Inc is an Agri-Fintech company offering a comprehensive platform service through the use of smartphones (using GSM technology) to empower a marketplace to enable subscribers/farmers within and outside of the agricultural sector to manage their commercial activities. The ecosystem provides a 'one-stop-shop solution to enable such subscribers to manage everything from airtime top-ups, bill pay services for utilities and other service providers, access to insurance services, and microfinance to support their value chain from 'seed to sale'.
Executives
| Dozy Mmobousi |
director, 10 percent owner, officer: CEO |
BRICKFIELD, RADLETT X0 WD7 8BS |
| Christophe Charlier |
director |
7F 77/2 AL-FARABI AVENUE, ALMATY 1P 050040 |
| Rory Bowen |
officer: Chief of Staff |
APARTMENT 19, 2 OFFENHAM ROAD, LONDON X0 SW9 7BN |
| Daksheshkumar B Patel |
director, officer: CFO |
APARTMENT 205, THE EMPEROR, 8 WEST ROAD SOUTH, SANDTON, JOHANNESBURG T3 2196 |
| Leslie Nabanya Kasumba |
director |
199 SIBAYA SANDS 9 THE STRAIGHT AVENUE, PINESLOPES, LONEHILL, SANDTON, JOHANNESBURG T3 2191 |
| Kenneth I Denos |
officer: EVP, Genl Counsel & Secy |
10757 SOUTH RIVER FRONT PARKWAY, SUITE 125, SOUTH JORDAN UT 84095 |
| Onyekachi Elochukwu Onubogu |
director |
14 A DASILVA ROAD, LAGOS Q5 101222 |
| Christopher John Cleverly |
director, officer: President |
60 THE GREEN, POULSHOT DEVICES X0 5N101RT |
| Derrick Randall-emeka |
director |
21 MILESPIT HILL, MILL HILL X0 NW7 2PJ |
| Adewale Adebayo |
director |
1004 ESTATE, CLUSTAR D1 APARTMENT 116, VICTORIA ISLAND / LAGOS Q5 101241 |
| Alex Lightman |
director |
3470 ONLEY-LAYTONSVILLE ROAD, SUITE 118, OLNEY MD 20832 |
| John J Brown |
director |
1450 BOOT RD BLDG 400, ROM TECH INC, WEST CHESTER PA 19380 |
| Zoliwe Macanda-simbodyal |
director |
29 WOOLCOMBES COURT, LONDON X0 SE16 5RQ |
| Gurjinder Johal |
director |
301 EAST 21ST, #13B, NEW YORK NY 10010 |
| Tingo, Inc. |
10 percent owner |
11650 SOUTH STATE STREET, SUITE 240, DRAPER UT 84020 |
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