Aspira Women's Health Inc.
AWHL Healthcare Diagnostics & Research
In the quarter to June 2026, revenue fell 14.9%, EPS grew 28.6%, free cash flow fell 24.6% and total debt rose 25.9%, each against the same quarter a year earlier. Dividend growth for five consecutive years, revenue growth for five, operating cash flow growth for three; insiders bought in the last twelve months.
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Aspira Women's Health Inc. (AWHL) Altman Z-score
Aspira Women's Health Inc.'s Altman Z-score for fiscal 2025 is −141.56, 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 | −141.56 | 1.57 |
| FY2024 | −143.13 | (21.43) |
| FY2023 | −121.70 | (78.80) |
| FY2022 | −42.90 | (36.14) |
| FY2021 | −6.76 | (14.36) |
| FY2020 | 7.60 | 44.56 |
| FY2019 | −36.97 | 12.19 |
| FY2018 | −49.16 | 12.26 |
| FY2017 | −61.42 | 4.20 |
| FY2016 | −65.61 | (53.77) |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.11 | — | 0.13 | |
| Retained earnings / total assets | (99.74) | — | −139.63 | |
| EBIT / total assets | (1.45) | — | −4.79 | |
| Market value of equity / total liabilities | 1.73 | — | 1.04 | |
| Sales / total assets | 1.69 | — | 1.69 | |
| Altman Z-score | Distress zone | −141.56 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | −334.76 | ||
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 |
|---|---|
| NOTVQ Inotiv, Inc. compare | −1.1× |
| PRPH ProPhase Labs, Inc. compare | −3.6× |
| NDRA ENDRA Life Sciences Inc. compare | −5.3× |
| DMTKQ DermTech, Inc. compare | −6.5× |
| BIAF bioAffinity Technologies, Inc. compare | −10.5× |
| ISPC iSpecimen Inc. compare | −14.8× |
| TTOO T2 Biosystems, Inc. compare | −28.9× |
| XWEL XWELL, Inc. compare | −63.8× |
| AWHL Aspira Women's Health Inc. | −142× |
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