What is Christopher & Banks 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, Christopher & Banks's Probability of Financial Distress (%) is 0.00%.
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 Christopher & Banks's Probability of Financial Distress (%)
For the Apparel Retail subindustry, Christopher & Banks'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.
Christopher & Banks's Probability of Financial Distress (%) Distribution in the Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Christopher & Banks's Probability of Financial Distress (%) distribution charts can be found below:
* The bar in red indicates where Christopher & Banks's Probability of Financial Distress (%) falls into.
Christopher & Banks 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 |
| = | 0.00 |
The Probability of Financial Distress (%) (PFD) was then obtianed by:
| PFD | = | 1 | / | (1 + e^(-LPFD)) | * | 100% |
| = | 0.00% |
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).
Christopher & Banks Business Description
Traded in Other Exchanges
N/A
Address
2400 Xenium Lane North, Plymouth, MN, USA, 55441
Christopher & Banks Corp is a national specialty retailer. The company through its wholly owned subsidiaries operates retail stores selling women's apparel and accessories in the United States. The company operates in Retail Operations which includes the operation of its retail stores, outlet stores, online and mobile. The company offers its customers an assortment of clothing for everyday needs. Its merchandise assortments include designs of women's apparel, generally consisting of casual clothing, everyday basics, wear-to-work, leisure/activewear, and sleepwear in missy, petite and women sizes. It also offers a selection of jewelry and accessories.
Executives
| Keri L Jones |
director, officer: President & CEO |
2400 XENIUM LANE NORTH, PLYMOUTH MN 55441 |
| Andrea Kellick |
officer: SVP, CMO |
2400 XENIUM LANE NORTH PLYMOUTH MN 55441 |
| Rachel Endrizzi |
officer: Senior VP, Chief Mktg Officer |
7201 METRO BLVD, MINNEAPOLIS MN 55439 |
| Kent A Kleeberger |
director, other: Chair, Board of Directors |
|
| Mcm Managers, Llc |
10 percent owner |
99 HUDSON STREET 5TH FLOOR NEW YORK NY 10013 |
| Mcm Management, Llc |
10 percent owner |
99 HUDSON STREET 5TH FLOOR NEW YORK NY 10013 |
| Macellum Retail Opportunity Fund, Lp |
10 percent owner |
99 HUDSON ST. 5TH FLOOR NEW YORK NY 10013 |
| Seth R Johnson |
director |
|
| Allison M. Wing |
director |
1909 HUMBOLDT AVENUE, MINNEAPOLIS MN 55403 |
| Sharpe William F. Iii |
director |
18504 HEATHCOTE DRIVE DEEPHAVEN MN 55391 |
| Jonathan Duskin |
director, 10 percent owner |
MACELLUM CAPITAL MANAGEMENT, LLC, 99 HUDSON STREET, 5TH FLOOR, NEW YORK NY 10013 |
| Macellum Capital Management, Llc |
10 percent owner |
512 7TH AVENUE 40TH FLOOR NEW YORK NY 10018 |
| Macellum Management, Lp |
10 percent owner |
99 HUDSON STREET, 5TH FLOOR, NEW YORK NY 10013 |
| Macellum Advisors Gp, Llc |
10 percent owner |
99 HUDSON STREET, 5TH FLOOR, NEW YORK NY 10013 |
| Luke Komarek |
officer: SVP, General Counsel |
2400 XENIUM LANE N. PLYMOUTH MN 55441 |
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