CTW Cayman
CTW Communication Services Electronic Gaming & Multimedia
CTW Cayman’s revenue for fiscal 2026 (year ended July 2026) was $82.5 million, down 8.70% from fiscal 2025.
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CTW Cayman (CTW) Altman Z-score
CTW Cayman's Altman Z-score for fiscal 2026 is 6.41, 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 | 6.41 | — |
How fiscal 2026’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.14 | — | 0.16 | |
| Retained earnings / total assets | 0.51 | — | 0.71 | |
| EBIT / total assets | (0.13) | — | −0.44 | |
| Market value of equity / total liabilities | 7.47 | — | 4.48 | |
| Sales / total assets | 1.50 | — | 1.50 | |
| Altman Z-score | Safe zone | 6.41 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 3.37 | ||
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 |
|---|---|
| GRVY GRAVITY Co., Ltd. compare | 6.4× |
| CTW CTW Cayman | 6.4× |
| GMHS Gamehaus Holdings Inc. compare | 5.2× |
| SOHU Sohu.com Inc. compare | 1.8× |
| GCL GCL Global Holdings Ltd. compare | 1.6× |
| GDEV GDEV Inc. compare | 1.4× |
| MYPS PLAYSTUDIOS, Inc. compare | 1.4× |
| GAME GameSquare Holdings, Inc. compare | −2.8× |
| FIRY Firy Inc. compare | −5.2× |
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