What is Urban One 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, Urban One's Probability of Financial Distress (%) is 0.73%.
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 Urban One's Probability of Financial Distress (%)
For the Broadcasting subindustry, Urban One'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.
Urban One's Probability of Financial Distress (%) Distribution in the Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Urban One's Probability of Financial Distress (%) distribution charts can be found below:
* The bar in red indicates where Urban One's Probability of Financial Distress (%) falls into.
Urban One 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 |
| = | -4.91 |
The Probability of Financial Distress (%) (PFD) was then obtianed by:
| PFD | = | 1 | / | (1 + e^(-LPFD)) | * | 100% |
| = | 0.73% |
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).
Urban One (Urban One) Business Description
Traded in Other Exchanges
Address
1010 Wayne Avenue, 14th Floor, Silver Spring, MD, USA, 20910
Urban One Inc is an urban oriented, multi-media company. Its business is radio broadcasting franchise that is the radio broadcasting operation that targets African-American and urban listeners. It operates through the following segments: Radio Broadcasting, Reach Media, Digital, and Cable Television. The Radio Broadcasting segment includes all the broadcasting related operations. The Reach Media segment consists of the Tom Joyner Morning Show and its related activities. The Digital segment focuses on its online business, including the operations of Interactive One. The Cable Television segment deals with TV One's operations.
Executives
| Kristopher Simpson |
officer: SVP & General Counsel |
1010 WAYNE AVENUE, FLOOR 14, SILVER SPRING MD 20910 |
| Mitchell B Doyle Jr |
director |
|
| Eric Semler |
10 percent owner |
4625 FIELDSTON ROAD, BRONX NY 10471 |
| Tcs Capital Advisors, Llc |
10 percent owner |
142 WEST 57TH STREET, 11TH FLOOR, NEW YORK NY 10019 |
| Tcs Capital Management Llc |
10 percent owner |
142 WEST 57TH STREET, 11TH FLOOR, NEW YORK NY 10019 |
| D Geoffrey Armstrong |
director |
5900 PRINCESS GARDEN PARKWAY, 7TH FL, LANHAM MD 20706 |
| Terry L Jones |
director |
C/O CYBER DIGITAL INC, 400 OSER AVENUE, HAUPPAUGE NY 11788 |
| Brigade Leveraged Capital Structures Fund Ltd. |
10 percent owner |
ONE NEXUS WAY, CAMANA BAY, GRAND CAYMAN E9 KY1-9005 |
| David M Kantor |
officer: CEO, Radio Division |
1010 WAYNE AVENUE, FLOOR 14, SILVER SPRING MD 20910 |
| Catherine L Hughes |
director, 10 percent owner, officer: Chairperson and Secretary |
5900 PRINCESS GARDEN PARKWAY 8TH FL, LANHAM MD 20706 |
| Brigade Capital Management, Lp |
10 percent owner |
399 PARK AVENUE, 16TH FLOOR, NEW YORK NY 10022 |
| Morgan Donald E Iii |
10 percent owner |
C/O BRIGADE CAPITAL MANAGEMENT, LLC, 717 FIFTH AVENUE, SUITE 1301, NEW YORK NY 10022 |
| Brigade Capital Management Gp, Llc |
10 percent owner |
399 PARK AVENUE, 16TH FLOOR, NEW YORK NY 10022 |
| Karen Wishart |
officer: EVP |
1010 WAYNE AVENUE, 14TH FLOOR, SILVER SPRING MD 20910 |
| Christopher J. Wegmann |
officer: President, Radio Division |
1010 WAYNE AVENUE, 14TH FLOOR, SILVER SPRING MD 20910 |
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