stockrowElemental Royalty Corp
ELE Basic Materials Gold
Elemental Royalty Corp’s revenue for fiscal 2025 (year ended December 2025) was $43.6 million, up 167.4% from fiscal 2024.
- Revenue
- +161.6%
- EPS
- +823.1%
- Free cash flow
- −36.9%
Quarter to June 2026, against a year earlier
Follow ELE
Alert me
Elemental Royalty Corp (ELE) Altman Z-score
Elemental Royalty Corp's Altman Z-score for fiscal 2025 is 2.54, in the grey zone (1.81–2.99).
Altman Z-score, annual
Embed this chart
Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 2.54 | (9.97) |
| FY2024 | 12.51 | (14.87) |
| FY2023 | 27.38 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.09 | — | 0.11 | |
| Retained earnings / total assets | (0.03) | — | −0.04 | |
| EBIT / total assets | 0.01 | — | 0.02 | |
| Market value of equity / total liabilities | 4.01 | — | 2.41 | |
| Sales / total assets | 0.05 | — | 0.05 | |
| Altman Z-score | Grey zone | 2.54 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 6.98 | ||
Z and Z″ put Elemental Royalty Corp in different zones: grey zone by Z, safe 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 |
|---|---|
| MAKO Mako Mining Corp. compare | 6.8× |
| DRD DRDGOLD Limited compare | 6.4× |
| GROY Gold Royalty Corp. compare | 3.4× |
| ELE Elemental Royalty Corp | 2.5× |
| IAUX i-80 Gold Corp. compare | 0.2× |
| OGG Osisko Gold Group Inc. compare | 0.0× |
| HYMC Hycroft Mining Holding Corporation compare | −3.4× |
| DC Dakota Gold Corp. compare | — |
| CNL Collective Mining Ltd. 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