Ascent Industries Co.
ACNT Basic Materials Chemicals
In the quarter to June 2026, revenue grew 37.6%, EPS fell 89.2%, free cash flow fell 97.5% and total debt fell 26.3%, each against the same quarter a year earlier. Insiders bought in the last twelve months.
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Ascent Industries Co. (ACNT) Altman Z-score
Ascent Industries Co.'s Altman Z-score for fiscal 2025 is 5.55, in the safe zone (above 2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 5.55 | 3.06 |
| FY2024 | 2.49 | 0.05 |
| FY2023 | 2.44 | (0.16) |
| FY2022 | 2.60 | (0.42) |
| FY2021 | 3.02 | 1.10 |
| FY2020 | 1.92 | (0.58) |
| FY2019 | 2.51 | (0.83) |
| FY2018 | 3.34 | (0.03) |
| FY2017 | 3.37 | 0.28 |
| FY2016 | 3.09 | 0.45 |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.63 | — | 0.76 | |
| Retained earnings / total assets | 0.41 | — | 0.57 | |
| EBIT / total assets | (0.06) | — | −0.21 | |
| Market value of equity / total liabilities | 6.26 | — | 3.76 | |
| Sales / total assets | 0.67 | — | 0.67 | |
| Altman Z-score | Safe zone | 5.55 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 8.71 | ||
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 |
|---|---|
| ACNT Ascent Industries Co. | 5.5× |
| ASIX AdvanSix compare | 1.9× |
| VHI Valhi, Inc. compare | 1.6× |
| RYAM Rayonier Advanced Materials Inc. compare | 1.1× |
| ASPI ASP Isotopes Inc. compare | 1.0× |
| TROX Tronox Holdings PLC compare | 0.7× |
| BAK Braskem S.A. compare | 0.3× |
| MKD MOLECULAR DATA compare | — |
| WLKP Westlake Chemical Partners LP 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