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Wolf Energy Services (Wolf Energy Services) Altman Z-Score : -28.09 (As of May. 09, 2024)


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What is Wolf Energy Services Altman Z-Score?

The Altman Z-Score is a model designed to predict the likelihood of a company going bankrupt within the next two years. Created by American finance professor Edward Altman in 1968, the model is specifically designed for publicly traded manufacturing companies with assets greater than $1 million.

Warning Sign:

Altman Z-score of -28.09 is in distress zone. This implies bankruptcy possibility in the next two years.

Wolf Energy Services has a Altman Z-Score of -28.09, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.

The zones of discrimination were as such:

When Altman Z-Score <= 1.8, it is in Distress Zones.
When Altman Z-Score >= 3, it is in Safe Zones.
When Altman Z-Score is between 1.8 and 3, it is in Grey Zones.

The historical rank and industry rank for Wolf Energy Services's Altman Z-Score or its related term are showing as below:

WOEN' s Altman Z-Score Range Over the Past 10 Years
Min: -28.09   Med: -20.58   Max: -0.16
Current: -28.09

During the past 2 years, Wolf Energy Services's highest Altman Z-Score was -0.16. The lowest was -28.09. And the median was -20.58.


Wolf Energy Services Altman Z-Score Historical Data

The historical data trend for Wolf Energy Services's Altman Z-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Wolf Energy Services Altman Z-Score Chart

Wolf Energy Services Annual Data
Trend Mar22 Mar23
Altman Z-Score
- -20.58

Wolf Energy Services Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23
Altman Z-Score Get a 7-Day Free Trial - - -0.16 -20.58 -27.91

Competitive Comparison of Wolf Energy Services's Altman Z-Score

For the Trucking subindustry, Wolf Energy Services's Altman Z-Score, along with its competitors' market caps and Altman Z-Score 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.


Wolf Energy Services's Altman Z-Score Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Wolf Energy Services's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Wolf Energy Services's Altman Z-Score falls into.



Wolf Energy Services Altman Z-Score Calculation

Altman Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.

Wolf Energy Services's Altman Z-Score for today is calculated with this formula:

Z=1.2*X1+1.4*X2+3.3*X3+0.6*X4+1.0*X5
=1.2*-1.2254+1.4*-9.5369+3.3*-6.8873+0.6*0.002+1.0*9.4586
=-28.09

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency. GuruFocus does not calculate Altman Z-Score when X4 or X5 value is 0.

Trailing Twelve Months (TTM) ended in Jun. 2023:
Total Assets was $1.80 Mil.
Total Current Assets was $1.38 Mil.
Total Current Liabilities was $3.59 Mil.
Retained Earnings was $-17.18 Mil.
Pre-Tax Income was -1.112 + -6.961 + -0.34 + -4.137 = $-12.55 Mil.
Interest Expense was -0.107 + -0.018 + -0.013 + -0.008 = $-0.15 Mil.
Revenue was 2.344 + 4.516 + 5.323 + 4.852 = $17.04 Mil.
Market Cap (Today) was $0.01 Mil.
Total Liabilities was $3.96 Mil.

* Note that for stock reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data.

X1=Working Capital/Total Assets
=(Total Current Assets - Total Current Liabilities)/Total Assets
=(1.384 - 3.591)/1.801
=-1.2254

X2=Retained Earnings/Total Assets
=-17.176/1.801
=-9.5369

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(-12.55 - -0.146)/1.801
=-6.8873

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=0.008/3.955
=0.002

X5=Revenue/Total Assets
=17.035/1.801
=9.4586

The zones of discrimination were as such:

Distress Zones - 1.81 < Grey Zones < 2.99 - Safe Zones

Wolf Energy Services has a Altman Z-Score of -28.09 indicating it is in Distress Zones.

Study by Altman found that companies that are in Distress Zone have more than 80% of chances of bankruptcy in two years.


Wolf Energy Services  (OTCPK:WOEN) Altman Z-Score Explanation

X1: The Working Capital/Total Assets (WC/TA) ratio is a measure of the net liquid assets of the firm relative to the total capitalization. Working capital is defined as the difference between current assets and current liabilities. Ordinarily, a firm experiencing consistent operating losses will have shrinking current assets in relation to total assets. Altman found this one proved to be the most valuable liquidity ratio comparing with the current ratio and the quick ratio. This is however the least significant of the five factors.

X2: Retained Earnings/Total Assets: the RE/TA ratio measures the leverage of a firm. Retained earnings is the account which reports the total amount of reinvested earnings and/or losses of a firm over its entire life. Those firms with high RE, relative to TA, have financed their assets through retention of profits and have not utilized as much debt.

X3, Earnings Before Interest and Taxes/Total Assets (EBIT/TA): This ratio is a measure of the true productivity of the firm's assets, independent of any tax or leverage factors. Since a firm's ultimate existence is based on the earning power of its assets, this ratio appears to be particularly appropriate for studies dealing with corporate failure. This ratio continually outperforms other profitability measures, including cash flow.

X4, Market Value of Equity/Book Value of Total Liabilities (MVE/TL): The measure shows how much the firm's assets can decline in value (measured by market value of equity plus debt) before the liabilities exceed the assets and the firm becomes insolvent.

X5, Revenue/Total Assets (S/TA): The capital-turnover ratio is a standard financial ratio illustrating the sales generating ability of the firm's assets.

Read more about Altman Z-Score and the original research.


Be Aware

Altman Z-Score does not apply to financial companies.


Wolf Energy Services Altman Z-Score Related Terms

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Wolf Energy Services (Wolf Energy Services) Business Description

Traded in Other Exchanges
N/A
Address
408 State Highway 135N, Kilgore, TX, USA, 75662
Wolf Energy Services Inc, through its wholly-owned subsidiary, provides transportation of frac sand and logistics services to hydraulic fracturing and drilling operations. Capstone procures and finances equipment for oilfield transportation service contractors. It operates in the transportation and logistics services business serving hydraulic fracking companies and assisting in their operations through Banner. The Company operates through Banner Midstream which has two operating subsidiaries: Pinnacle Frac Transport LLC and Capstone Equipment Leasing LLC.
Executives
Jay M. Puchir officer: CEO & President of Subsidiary 3333 PINNACLE HILLS PARKWAY, SUITE 220, ROGERS AR 72758
Jimmy Ray Galla director, officer: CEO and CFO 408 STATE HWY 135N, KILGORE TX 75662
Ecoark Holdings, Inc. 10 percent owner 303 PEARL PARKWAY SUITE 200, SAN ANTONIO TX 78215
Jimmy Don Reedy director 303 PEARL PARKWAY, SUITE 200, SAN ANTONIO TX 78215
Raynard Veldman director 2011 ROYAL CREST, MANSFIELD TX 76063
Adele Dibella 10 percent owner 3500 BAYVIEW DRIVE, FT. LAUDERDALE FL 33308
John Dibella director, officer: Chief Executive Officer 821 NW 57TH PLACE, FORT LAUDERDALE FL 33309
Alberto Dibella director, 10 percent owner, officer: Chief Executive Officer 3500 BAYVIEW DRIVE, FORT LAUDERDALE FL 33301

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