Atlas Lithium Corporation
ATLX Basic Materials Other Industrial Metals & Mining
Atlas Lithium Corporation’s revenue for fiscal 2025 (year ended December 2025) was $92,500.00, down 86.1% from fiscal 2024. In the quarter to June 2026, revenue fell 33.8%, EPS fell 12.9% and free cash flow fell 38.7%, each against the same quarter a year earlier.
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Atlas Lithium Corporation (ATLX) Altman Z-score
Atlas Lithium Corporation's Altman Z-score for fiscal 2025 is −2.30, in the distress zone (below 1.81).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | −2.30 | 1.93 |
| FY2024 | −4.23 | 11.66 |
| FY2022 | −15.89 | 29.44 |
| FY2021 | −45.33 | (195.28) |
| FY2020 | 149.96 | (81.65) |
| FY2019 | 231.61 | 263.76 |
| FY2018 | −32.15 | (52.03) |
| FY2017 | 19.87 | (3,598.07) |
| FY2016 | 3617.94 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.26 | — | 0.32 | |
| Retained earnings / total assets | (1.96) | — | −2.74 | |
| EBIT / total assets | (0.36) | — | −1.19 | |
| Market value of equity / total liabilities | 2.19 | — | 1.32 | |
| Sales / total assets | 0.00 | — | 0.00 | |
| Altman Z-score | Distress zone | −2.30 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | −5.51 | ||
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 |
|---|---|
| XPL Solitario Resources Corp. compare | 23.5× |
| LGO Largo Inc. compare | −1.0× |
| ATLX Atlas Lithium Corporation | −2.3× |
| FURY Fury Gold Mines Limited compare | — |
| AMLIF American Lithium Corp. compare | — |
| ELBM Electra Battery Materials Corporation compare | — |
| USGO U.S. GoldMining Inc. compare | — |
| NEXM NexMetals Mining Corp. compare | — |
| WWR Westwater Resources, 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