stockrowLithium Americas (Argentina) Corp.
LAR Basic Materials Other Industrial Metals & Mining
- EPS
- +133.3%
- Free cash flow
- +17.9%
Quarter to June 2026, against a year earlier
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Lithium Americas (Argentina) Corp. (LAR) Altman Z-score
Lithium Americas (Argentina) Corp.'s Altman Z-score for fiscal 2017 is 84.20, in the safe zone (above 2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2018 | 1.08 | (83.12) |
| FY2017 | 84.20 | 73.24 |
| FY2016 | 10.96 | — |
How fiscal 2017’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.51 | — | 0.61 | |
| Retained earnings / total assets | (0.96) | — | −1.35 | |
| EBIT / total assets | (0.27) | — | −0.88 | |
| Market value of equity / total liabilities | 142.97 | — | 85.78 | |
| Sales / total assets | 0.04 | — | 0.04 | |
| Altman Z-score | Safe zone | 84.20 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 22.57 | ||
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 |
|---|---|
| SCZM Santacruz Silver Mining Ltd. compare | 3.6× |
| SGML Sigma Lithium Corporation compare | 1.9× |
| CMP Compass Minerals International, Inc. compare | 1.4× |
| LAR Lithium Americas (Argentina) Corp. | 1.1× |
| ALOY REalloys Inc. compare | 0.0× |
| CRML Critical Metals Corp. compare | — |
| IPX IperionX Limited Sponsored ADR compare | — |
| GSM Ferroglobe PLC compare | — |
| LAC Lithium Americas 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