Concord Medical Services Holdings Limited
CCM Healthcare Medical Care Facilities
Concord Medical Services Holdings Limited’s revenue for fiscal 2025 (year ended December 2025) was $65.9 million, up 25.2% from fiscal 2024.
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Concord Medical Services Holdings Limited (CCM) Altman Z-score
Concord Medical Services Holdings Limited's Altman Z-score for fiscal 2025 is −1.20, 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 | −1.20 | 0.11 |
| FY2024 | −1.31 | 0.02 |
| FY2023 | −1.34 | (0.24) |
| FY2022 | −1.09 | (0.19) |
| FY2021 | −0.90 | (0.21) |
| FY2020 | −0.69 | 0.19 |
| FY2019 | −0.89 | (0.56) |
| FY2018 | −0.33 | (0.08) |
| FY2017 | −0.25 | (0.43) |
| FY2016 | 0.18 | (0.22) |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | (0.15) | — | −0.19 | |
| Retained earnings / total assets | (0.69) | — | −0.97 | |
| EBIT / total assets | (0.04) | — | −0.13 | |
| Market value of equity / total liabilities | 0.03 | — | 0.02 | |
| Sales / total assets | 0.07 | — | 0.07 | |
| Altman Z-score | Distress zone | −1.20 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | −3.13 | ||
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 |
|---|---|
| MODVQ ModivCare Inc. compare | 1.3× |
| AMS American Shared Hospital Services compare | 0.7× |
| CCEL Cryo-Cell International Inc. compare | −0.2× |
| RHEP Adcare Health Systems Inc compare | −0.9× |
| CCM Concord Medical Services Holdings Limited | −1.2× |
| DCGO DocGo Inc. compare | −1.4× |
| CANOQ Cano Health, Inc. compare | −2.8× |
| BMGL Basel Medical Group Ltd compare | — |
| PAIYY Aesthetic Medical International Hldngs Group Ltd Sponsored ADR 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