Alliance Entertainment Holding Corporation
AENT Communication Services Entertainment
In the quarter to June 2026, revenue grew 17.7%, EPS fell 163.6%, free cash flow fell 185.1% and total debt rose 9.71%, each against the same quarter a year earlier.
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Alliance Entertainment Holding Corporation (AENT) Altman Z-score
Alliance Entertainment Holding Corporation's Altman Z-score for fiscal 2026 is 4.18, in the safe zone (above 2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2026 | 4.18 | 0.15 |
| FY2025 | 4.03 | (0.03) |
| FY2024 | 4.06 | 1.45 |
| FY2023 | 2.61 | (0.40) |
| FY2023 | 3.01 | (1.29) |
| FY2022 | 4.30 | — |
How fiscal 2026’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.16 | — | 0.19 | |
| Retained earnings / total assets | 0.17 | — | 0.24 | |
| EBIT / total assets | 0.07 | — | 0.23 | |
| Market value of equity / total liabilities | 1.06 | — | 0.64 | |
| Sales / total assets | 2.89 | — | 2.89 | |
| Altman Z-score | Safe zone | 4.18 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Grey zone | 2.48 | ||
Z and Z″ put Alliance Entertainment Holding Corporation in different zones: safe zone by Z, grey zone by Z″.
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 |
|---|---|
| AENT Alliance Entertainment Holding Corporation | 4.2× |
| BLMZF Harrison Global Holdings Inc. compare | 3.3× |
| HUYA HUYA Inc. Sponsored ADR compare | 2.5× |
| AMCX AMC Global Media Inc. compare | 1.7× |
| RSVR Reservoir Media, Inc. compare | 1.1× |
| PLAY Dave & Buster's Entertainment, Inc. compare | 0.8× |
| IQ iQIYI, Inc. Sponsored ADR compare | −0.8× |
| ANGX Angel Studios, Inc. compare | −1.1× |
| STRZ Starz Entertainment Corp. 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