stockrowDigital Currency X Technology Inc.
DCX Consumer Cyclical Auto Manufacturers
Digital Currency X Technology Inc.’s revenue for fiscal 2024 (year ended December 2024) was $6.9 million, down 27.1% from fiscal 2023.
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Digital Currency X Technology Inc. (DCX) Altman Z-score
Digital Currency X Technology Inc.'s Altman Z-score for fiscal 2024 is 0.51, in the distress zone (below 1.81).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2024 | 0.51 | (14.52) |
| FY2023 | 15.03 | (222.66) |
| FY2022 | 237.69 | (128,992,960.43) |
| FY2022 | 128993198.13 | — |
How fiscal 2024’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | (0.31) | — | −0.37 | |
| Retained earnings / total assets | (0.77) | — | −1.07 | |
| EBIT / total assets | (0.01) | — | −0.02 | |
| Market value of equity / total liabilities | 3.26 | — | 1.96 | |
| Sales / total assets | 0.01 | — | 0.01 | |
| Altman Z-score | Distress zone | 0.51 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | −4.81 | ||
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 |
|---|---|
| LOBO Lobo EV Technologies Ltd compare | 0.8× |
| DCX Digital Currency X Technology Inc. | 0.5× |
| WKHS Workhorse Group, Inc. compare | −4.3× |
| GOEVQ Canoo Inc. compare | −5.5× |
| CENN Cenntro Inc. compare | −8.1× |
| FFAI Faraday Future Intelligent Electric Inc. compare | −27.7× |
| SSM Sono Group N.V. compare | −326× |
| FLYE Fly-E Group, Inc. compare | — |
| EGOXF Next.e.GO N.V. 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