Innovation Beverage Group Limited
IBG Consumer Defensive Beverages Wineries & Distilleries
Innovation Beverage Group Limited’s revenue for fiscal 2025 (year ended December 2025) was $2.8 million, down 5.13% from fiscal 2024.
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Innovation Beverage Group Limited (IBG) Altman Z-score
Innovation Beverage Group Limited's Altman Z-score for fiscal 2025 is −31.36, 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 | −31.36 | (24.83) |
| FY2024 | −6.53 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | (1.55) | — | −1.86 | |
| Retained earnings / total assets | (13.46) | — | −18.84 | |
| EBIT / total assets | (4.18) | — | −13.80 | |
| Market value of equity / total liabilities | 1.65 | — | 0.99 | |
| Sales / total assets | 2.15 | — | 2.15 | |
| Altman Z-score | Distress zone | −31.36 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | −82.70 | ||
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 |
|---|---|
| EPSM Epsium Enterprise Limited compare | 10.7× |
| AGCC Agencia Comercial Spirits Ltd compare | 5.9× |
| BF.A Brown Forman Corporation compare | 4.1× |
| MGPI MGP Ingredients, Inc. compare | 1.6× |
| SNDL SNDL Inc. compare | 1.2× |
| WVVI Willamette Valley Vineyards, Inc. compare | 1.0× |
| YHC LQR House Inc. compare | −1.6× |
| IBG Innovation Beverage Group Limited | −31.4× |
| EDVA Splash Beverage Group, Inc. compare | −331× |
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