Alps Group Inc.
ALPS Healthcare Biotechnology
Alps Group Inc.’s revenue for fiscal 2026 (year ended March 2026) was $4.9 million, up 44.1% from fiscal 2025. In the quarter to September 2025, EPS fell 609.4% and free cash flow fell 26.5%, each against the same quarter a year earlier.
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Alps Group Inc. (ALPS) Altman Z-score
Alps Group Inc.'s Altman Z-score for fiscal 2026 cannot be worked out: retained earnings not reported.
Altman Z-score, annual
Annual newest first
| Period | Altman Z-score | Change (points) |
|---|
How fiscal 2026’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | (0.50) | — | −0.60 | |
| Retained earnings / total assets | — | — | n/a | — |
| EBIT / total assets | (0.29) | — | −0.96 | |
| Market value of equity / total liabilities | 15.92 | — | 9.55 | |
| Sales / total assets | 0.70 | — | 0.70 | |
| Altman Z-score | n/a — retained earnings not reported | — | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | n/a — retained earnings not reported | — | ||
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 |
|---|---|
| TENX Tenax Therapeutics, Inc. compare | 1.8× |
| GUTS Fractyl Health, Inc. compare | 0.5× |
| GANX Gain Therapeutics, Inc. compare | −1.8× |
| CNTB Connect Biopharma Holdings Limited Sponsored ADR compare | −5.9× |
| RNXT RenovoRx, Inc. compare | −8.0× |
| GOSS Gossamer Bio, Inc. compare | −12.5× |
| RNTX Rein Therapeutics Inc. compare | — |
| ELOX Senesco Technologies Inc. compare | — |
| ALPS Alps Group Inc. | — |
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