Visionary Holdings Inc.
GVHGF Consumer Defensive Education & Training Services
Visionary Holdings Inc.’s revenue for fiscal 2025 (year ended March 2025) was $5.0 million, down 46.2% from fiscal 2024.
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Visionary Holdings Inc. (GVHGF) Altman Z-score
Visionary Holdings Inc.'s Altman Z-score for fiscal 2025 is −1.33, 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 | −1.33 | (0.50) |
| FY2024 | −0.83 | (0.49) |
| FY2023 | −0.34 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | (0.86) | — | −1.03 | |
| Retained earnings / total assets | (0.25) | — | −0.35 | |
| EBIT / total assets | (0.05) | — | −0.18 | |
| Market value of equity / total liabilities | 0.24 | — | 0.15 | |
| Sales / total assets | 0.08 | — | 0.08 | |
| Altman Z-score | Distress zone | −1.33 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | −6.69 | ||
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× |
| CLEUF China Liberal Education Holdings Limited compare | 1.4× |
| GSUN Golden Sun Technology Group Limited compare | 0.2× |
| EEIQ EpicQuest Education Group International Limited compare | −0.4× |
| GVHGF Visionary Holdings Inc. | −1.3× |
| KIDZ KIDZ AI Inc. compare | −1.3× |
| LXEH Lixiang Education Holding Co., Ltd. Sponsored ADR compare | −2.3× |
| VSA VisionSys AI Inc. compare | −15.6× |
| AMBO Ambow Education Holding Ltd. compare | −33.1× |
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