MicroCloud Hologram Inc.
HOLO Technology Electronic Components
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MicroCloud Hologram Inc. (HOLO) Altman Z-score
MicroCloud Hologram Inc.'s Altman Z-score for fiscal 2025 is 2.95, in the grey zone (1.81–2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 2.95 | (6.33) |
| FY2024 | 9.28 | 8.18 |
| FY2023 | 1.10 | (1.53) |
| FY2022 | 2.63 | (79.10) |
| FY2021 | 81.73 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.97 | — | 1.16 | |
| Retained earnings / total assets | (0.09) | — | −0.13 | |
| EBIT / total assets | 0.00 | — | 0.00 | |
| Market value of equity / total liabilities | 2.95 | — | 1.77 | |
| Sales / total assets | 0.14 | — | 0.14 | |
| Altman Z-score | Grey zone | 2.95 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 40.26 | ||
Z and Z″ put MicroCloud Hologram Inc. 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 |
|---|---|
| LINK Interlink Electronics, Inc. compare | 8.4× |
| CPSH CPS Technologies Corp. compare | 6.6× |
| DSWL Deswell Industries, Inc. compare | 3.2× |
| ELTK Eltek Ltd. compare | 3.1× |
| HOLO MicroCloud Hologram Inc. | 2.9× |
| DAIO Data I/O Corporation compare | 2.9× |
| SELXF Semilux International Ltd. compare | 1.9× |
| WBX Wallbox N.V. compare | −4.4× |
| REFR Research Frontiers Incorporated compare | −61.5× |
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