What is Victory Oilfield Tech 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, Victory Oilfield Tech's Probability of Financial Distress (%) is 0.15%.
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 Victory Oilfield Tech's Probability of Financial Distress (%)
For the Oil & Gas Equipment & Services subindustry, Victory Oilfield Tech'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.
Victory Oilfield Tech's Probability of Financial Distress (%) Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Victory Oilfield Tech's Probability of Financial Distress (%) distribution charts can be found below:
* The bar in red indicates where Victory Oilfield Tech's Probability of Financial Distress (%) falls into.
Victory Oilfield Tech 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 |
| = | -6.48 |
The Probability of Financial Distress (%) (PFD) was then obtianed by:
| PFD | = | 1 | / | (1 + e^(-LPFD)) | * | 100% |
| = | 0.15% |
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).
Victory Oilfield Tech (Victory Oilfield Tech) Business Description
Traded in Other Exchanges
N/A
Address
3355 Bee Caves Road, Suite 608, Austin, TX, USA, 78746
Victory Oilfield Tech Inc is an oilfield energy-tech products company focused on improving well performance and extending the lifespan of the industry's most sophisticated and expensive equipment. The company's products include solutions for drill-pipe, production tubing, and radio frequency identification (RFID) enclosures. The company's only reportable segment is Hardband Services. Hardband Services provides various hardbanding solutions to oilfield operators for drill pipe, weight pipe, tubing, and drill collars.
Executives
| Armacor Victory Ventures Llc |
10 percent owner |
26497 RANCHO PARKWAY SOUTH, DANA POINT CA 92630 |
| Eric Eilersten |
director |
C/O VICTORY ENERGY CORPORATION, 3355 BEE CAVES ROAD, SUITE 608, AUSTIN TX 78746 |
| Kevin Deleon |
director |
|
| Ricardo A Salas |
director |
|
| Visionary Private Equity Group I, Lp |
10 percent owner |
1325 W SUNSHINE #162, SPRINGFIELD MO 65807 |
| Michael Cosby |
10 percent owner |
901 E. ST. LOUIS STREET, STE 1800, SPRINGFIELD MO 65806 |
| Visionary Pe Gp I, Llc |
10 percent owner |
1325 W. SUNSHINE ST., NO. 162, SPRINGFIELD MO 65807 |
| Smith Fred James Jr |
officer: Chief Financial Officer |
3355 BEE CAVES RD, SUITE 608, AUSTIN TX 78746 |
| Mark Wendell Biggers |
officer: CHIEF FINANCIAL OFFICER |
3355 BBEE CAVES RD, SUITE 608, AUSTIN TX 78746 |
| Kenneth E Hill |
director, officer: CHIEF OPERATIONS OFFICER |
20341 IRVINE AVENUE, #D-6, NEWPORT BEACH X1 92660 |
| Lindsey Stanley L Jr |
officer: VP EXPLORATION & DEVELOPMENT |
20341 IRVINE AVENUE, #D-6, IRVINE CA 92660 |
| Ronald Zamber |
director |
20341 IRVINE AVENUE, #D-6, NEWPORT BEACH CA 92660 |
| Robert W Grenley |
director |
20341 IRVINE AVENUE, #D-6, NEWPORT BEACH CA 92660 |
| Robert Miranda |
officer: Chief Executive Officer |
2801 W. COAST HIGHWAY, SUITE 370, NEWPORT BEACH CA 92663 |
| Edgar Trotter |
director |
20341 IRVINE AVENUE, #D-6, NEWPORT BEACH CA 92660 |
Victory Oilfield Tech (Victory Oilfield Tech) Headlines
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
VYEY has been successfully added to your