Elicio Therapeutics, Inc.
ELTX Healthcare Biotechnology
In the quarter to June 2026, EPS grew 34.9%, free cash flow grew 8.77% and total debt rose 2.12%, each against the same quarter a year earlier.
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Elicio Therapeutics, Inc. (ELTX) Altman Z-score
Elicio Therapeutics, Inc.'s Altman Z-score for fiscal 2021 is 0.10, in the distress zone (below 1.81).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2021 | 0.10 | — |
How fiscal 2021’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.83 | — | 0.99 | |
| Retained earnings / total assets | (2.23) | — | −3.12 | |
| EBIT / total assets | (0.41) | — | −1.34 | |
| Market value of equity / total liabilities | 5.46 | — | 3.28 | |
| Sales / total assets | 0.29 | — | 0.29 | |
| Altman Z-score | Distress zone | 0.10 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Grey zone | 1.13 | ||
Z and Z″ put Elicio Therapeutics, Inc. in different zones: distress zone by Z, grey 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 |
|---|---|
| ACET Adicet Bio, Inc. compare | 5.0× |
| IBIO iBio, Inc. compare | 2.8× |
| ELTX Elicio Therapeutics, Inc. | 0.1× |
| HOWL Werewolf Therapeutics, Inc. compare | −4.8× |
| CRBU Caribou Biosciences, Inc. compare | −5.0× |
| HYPD Hyperion DeFi, Inc. compare | −8.4× |
| MREO Mereo BioPharma Group plc - Sponsored ADR compare | −9.1× |
| CLNN Clene Inc. compare | −27.1× |
| KLRS Kalaris Therapeutics Inc. 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