EpicQuest Education Group International Limited
EEIQ Consumer Defensive Education & Training Services
EpicQuest Education Group International Limited’s revenue for fiscal 2025 (year ended September 2025) was $8.9 million, up 9.65% from fiscal 2024. Revenue growth for three consecutive years.
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EpicQuest Education Group International Limited (EEIQ) Altman Z-score
EpicQuest Education Group International Limited's Altman Z-score for fiscal 2025 is −0.42, 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 | −0.42 | 1.05 |
| FY2024 | −1.47 | (0.74) |
| FY2023 | −0.74 | (1.09) |
| FY2022 | 0.36 | (2.91) |
| FY2021 | 3.27 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.29 | — | 0.35 | |
| Retained earnings / total assets | (0.67) | — | −0.94 | |
| EBIT / total assets | (0.16) | — | −0.54 | |
| Market value of equity / total liabilities | 0.61 | — | 0.36 | |
| Sales / total assets | 0.35 | — | 0.35 | |
| Altman Z-score | Distress zone | −0.42 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | −0.07 | ||
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 |
|---|---|
| WAFU Wah Fu Education & Technology Group Limited compare | 2.8× |
| EDTK Skillful Craftsman Education Technology Limited compare | 2.5× |
| CLEUF China Liberal Education Holdings Limited compare | 1.4× |
| STG Sunlands Technology Group Sponsored ADR compare | 1.1× |
| EEIQ EpicQuest Education Group International Limited | −0.4× |
| LXEH Lixiang Education Holding Co., Ltd. Sponsored ADR compare | −2.3× |
| MYND Mynd.ai, Inc. Unsponsored ADR compare | −3.5× |
| AMBO Ambow Education Holding Ltd. compare | −33.1× |
| ZME Zhangmen Education Inc. 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