stockrowNextPlay Technologies, Inc.
NXTP Technology Software Infrastructure
NextPlay Technologies, Inc.’s revenue for fiscal 2022 (year ended March 2022) was $8.2 million, roughly unchanged from fiscal 2022.
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NextPlay Technologies, Inc. (NXTP) Altman Z-score
NextPlay Technologies, Inc.'s Altman Z-score for fiscal 2022 is −0.98, in the distress zone (below 1.81).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2022 | −0.98 | (0.96) |
| FY2022 | −0.02 | (74.73) |
| FY2021 | 74.70 | 89.59 |
| FY2020 | −14.89 | (3.93) |
| FY2019 | −10.96 | 16.11 |
| FY2018 | −27.06 | 32.72 |
| FY2017 | −59.78 | (10.62) |
| FY2016 | −49.16 | 64.09 |
| FY2015 | −113.25 | — |
How fiscal 2022’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.06 | — | 0.08 | |
| Retained earnings / total assets | (0.39) | — | −0.55 | |
| EBIT / total assets | (0.48) | — | −1.58 | |
| Market value of equity / total liabilities | 1.64 | — | 0.99 | |
| Sales / total assets | 0.08 | — | 0.08 | |
| Altman Z-score | Distress zone | −0.98 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | −1.96 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| HUBC Hub Cyber Security Ltd. compare | 676× |
| WETO Wetour Robotics Limited compare | 4.8× |
| NXTP NextPlay Technologies, Inc. | −1.0× |
| CETX Cemtrex Inc. compare | −1.1× |
| CSAI Cloudastructure Inc. compare | −4.6× |
| TAOP Taoping Inc. compare | −7.4× |
| ZPTA Zapata Quantum Inc compare | −101× |
| VHAI Vocodia Holdings Corp. compare | −1,100× |
| OBAI Our Bond, Inc. compare | — |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets