ChronoScale Holdings Corporation
CHRN Technology Information Technology Services
In the quarter to August 2026, revenue grew 148.1%, EPS fell 259.4%, free cash flow grew 653.2% and total debt rose 337.2%, each against the same quarter a year earlier. Insiders bought in the last twelve months.
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ChronoScale Holdings Corporation (CHRN) Altman Z-score
ChronoScale Holdings Corporation's Altman Z-score for fiscal 2026 is 9.45, in the safe zone (above 2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2026 | 9.45 | 27.81 |
| FY2025 | −18.36 | (18.40) |
| FY2025 | 0.04 | 12.78 |
| FY2024 | −12.74 | (1.85) |
| FY2023 | −10.89 | (3.53) |
| FY2022 | −7.36 | (3.34) |
| FY2021 | −4.02 | 8.79 |
| FY2020 | −12.82 | (0.96) |
| FY2019 | −11.86 | 2.73 |
| FY2018 | −14.59 | (10.29) |
How fiscal 2026’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | (0.13) | — | −0.16 | |
| Retained earnings / total assets | (0.61) | — | −0.86 | |
| EBIT / total assets | (0.12) | — | −0.38 | |
| Market value of equity / total liabilities | 17.70 | — | 10.62 | |
| Sales / total assets | 0.22 | — | 0.22 | |
| Altman Z-score | Safe zone | 9.45 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | −2.30 | ||
Z and Z″ put ChronoScale Holdings Corporation in different zones: safe zone by Z, distress zone by Z″.
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 |
|---|---|
| PONY Pony AI Inc. - Sponsored ADR compare | 31.1× |
| INOD Innodata Inc compare | 19.1× |
| CHRN ChronoScale Holdings Corporation | 9.4× |
| GLOB Globant S.A. compare | 3.0× |
| FORTY Formula Systems (1985) Ltd. compare | 2.5× |
| PENG Penguin Solutions, Inc. compare | 2.1× |
| KD Kyndryl Holdings, Inc. compare | 1.2× |
| DXC DXC Technology Company. compare | 1.1× |
| CNXC Concentrix Corporation compare | 0.9× |
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