Harrison Global Holdings Inc.
BLMZF Communication Services Entertainment
Harrison Global Holdings Inc.’s revenue for fiscal 2024 (year ended September 2024) was $1.5 million, up 59.6% from fiscal 2023. Revenue growth for three consecutive years.
Follow BLMZF
Harrison Global Holdings Inc. (BLMZF) Altman Z-score
Harrison Global Holdings Inc.'s Altman Z-score for fiscal 2024 is 3.30, in the safe zone (above 2.99).
Altman Z-score, annual
Embed this chart
Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2024 | 3.30 | — |
How fiscal 2024’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.54 | — | 0.65 | |
| Retained earnings / total assets | (0.33) | — | −0.46 | |
| EBIT / total assets | (0.26) | — | −0.84 | |
| Market value of equity / total liabilities | 6.08 | — | 3.65 | |
| Sales / total assets | 0.30 | — | 0.30 | |
| Altman Z-score | Safe zone | 3.30 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 2.84 | ||
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 |
|---|---|
| LFS Leifras Co., Ltd. - Sponsored ADR compare | 5.8× |
| BLMZF Harrison Global Holdings Inc. | 3.3× |
| HUYA HUYA Inc. Sponsored ADR compare | 2.5× |
| GAIA Gaia, Inc. compare | 0.6× |
| RDI Reading International Inc compare | −0.2× |
| CNVS Cineverse Corp. compare | −5.2× |
| ANGH Anghami Inc. compare | −5.5× |
| NIPG NIP Group Inc. Sponsored ADR compare | −5.6× |
| TOON Kartoon Studios, Inc. compare | −14.6× |
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