HUYA Inc. Sponsored ADR
HUYA Communication Services Entertainment
HUYA Inc. Sponsored ADR’s revenue for fiscal 2025 (year ended December 2025) was $929.8 million, up 11.6% from fiscal 2024. In the quarter to June 2026, revenue grew 17.2%, EPS grew 129.4% and free cash flow fell 242.0%, each against the same quarter a year earlier.
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HUYA Inc. Sponsored ADR (HUYA) Altman Z-score
HUYA Inc. Sponsored ADR's Altman Z-score for fiscal 2025 is 2.55, 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 | 2.55 | 0.22 |
| FY2024 | 2.33 | (0.08) |
| FY2023 | 2.41 | (0.39) |
| FY2022 | 2.80 | (1.06) |
| FY2021 | 3.86 | (4.59) |
| FY2020 | 8.45 | 1.01 |
| FY2019 | 7.43 | (0.93) |
| FY2018 | 8.36 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.47 | — | 0.57 | |
| Retained earnings / total assets | (0.33) | — | −0.46 | |
| EBIT / total assets | (0.02) | — | −0.08 | |
| Market value of equity / total liabilities | 2.59 | — | 1.55 | |
| Sales / total assets | 0.97 | — | 0.97 | |
| Altman Z-score | Grey zone | 2.55 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 4.77 | ||
Z and Z″ put HUYA Inc. Sponsored ADR 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 |
|---|---|
| LFS Leifras Co., Ltd. - Sponsored ADR compare | 5.8× |
| AENT Alliance Entertainment Holding Corporation compare | 4.2× |
| BLMZF Harrison Global Holdings Inc. compare | 3.3× |
| HUYA HUYA Inc. Sponsored ADR | 2.5× |
| AMCX AMC Global Media Inc. compare | 1.7× |
| PLAY Dave & Buster's Entertainment, Inc. compare | 0.8× |
| RDI Reading International Inc compare | −0.2× |
| IQ iQIYI, Inc. Sponsored ADR compare | −0.8× |
| STRZ Starz Entertainment Corp. 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