Charming Medical Limited
MCTA Healthcare Medical Care Facilities
Charming Medical Limited’s revenue for fiscal 2026 (year ended March 2026) was $4.8 million, down 22.7% from fiscal 2025.
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Charming Medical Limited (MCTA) Altman Z-score
Charming Medical Limited's Altman Z-score for fiscal 2026 is 61.64, in the safe zone (above 2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2026 | 61.64 | — |
How fiscal 2026’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.39 | — | 0.47 | |
| Retained earnings / total assets | 0.01 | — | 0.01 | |
| EBIT / total assets | 0.00 | — | −0.01 | |
| Market value of equity / total liabilities | 101.13 | — | 60.68 | |
| Sales / total assets | 0.49 | — | 0.49 | |
| Altman Z-score | Safe zone | 61.64 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 3.73 | ||
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 |
|---|---|
| MCTA Charming Medical Limited | 61.6× |
| HCSG Healthcare Services Group, Inc. compare | 6.6× |
| SRTA Strata Critical Medical, Inc. compare | 5.3× |
| INNV InnovAge Holding Corp. compare | 4.6× |
| NUTX Nutex Health Inc. compare | 3.3× |
| USPH U.S. Physical Therapy, Inc. compare | 2.1× |
| STLN Starling Oncology, Inc. compare | 1.4× |
| CYH Community Health Systems, Inc. compare | 1.0× |
| AUNA Auna S.A. compare | 1.0× |
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