Averbuch Formica Fundamental Relationships

AVER -- Israel Stock  

ILS 1,855  48.00  2.66%

The Drivers Module shows relationships between Averbuch Formica's most relevant fundamental drivers and provides multiple suggestions of what could possibly affect the performance of Averbuch Formica Center Ltd over time as well as its relative position and ranking within its peers. Check also Trending Equities.

Averbuch Formica Center Z Score vs. Cash and Equivalents Fundamental Analysis

Averbuch Formica Center Ltd is number one stock in cash and equivalents category among related companies. It is number one stock in z score category among related companies . The ratio of Cash and Equivalents to Z Score for Averbuch Formica Center Ltd is about  143,958 
Cash or Cash Equivalents are the most liquid of all assets found on company's balance sheet. It is used in calculating many of the firm's liquidity ratios and is a good indicator of overall financial health of a company. Companies with a lot of cash are usually attractive takeover targets. Cash Equivalents are balance sheet items that are typically reported using currency printed on notes.
Averbuch Formica 
Cash 
 = 
Bank Deposits 
+  
Liquidities 
=
691K
Cash equivalents represent current assets that are easily convertible to cash such as short term bonds, savings account, money market funds, or certificate of deposits (CDs). One of the important consideration companies make when classifying assets as cash equivalent is that investments they report on their balance sheets under current assets should have almost no risk of change in value over the next few months (usually 3 months).
Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in late 1960s at New York University..
Averbuch Formica 
Z Score 
 = 
Sum Of  
 
5 Factors 
=
4.8
To calculate Z-Score one would need to know current working capital of the company, its total assets and liabilities, amount of latest retained earnings as well as earnings before interest and tax. Z-Score can be used to compare the odds of bankruptcy of companies in similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area' with scores of less than 1 indicating the high probability of distress. Z Score is used widely by financial auditors, accountants, money managers, loan processers, wealth advisers, as well as day traders. In the last 25 years many financial models that utilize z score has been proved to be successful as a predictor of corporate bankruptcy.

Averbuch Formica Center Z Score Comparison

Averbuch Formica is currently under evaluation in z score category among related companies.
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