MedAvail Holdings, Inc.
MDVLQ Healthcare Pharmaceutical Retailers
Revenue growth for five consecutive years.
Follow MDVLQ
MedAvail Holdings, Inc. (MDVLQ) Altman Z-score
MedAvail Holdings, Inc.'s Altman Z-score for fiscal 2022 is −11.84, in the distress zone (below 1.81).
Altman Z-score, annual
Embed this chart
Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2022 | −11.84 | 1.10 |
| FY2022 | −12.93 | (4.76) |
| FY2021 | −8.17 | (10.26) |
| FY2021 | 2.09 | (1.13) |
| FY2020 | 3.22 | — |
How fiscal 2022’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.54 | — | 0.65 | |
| Retained earnings / total assets | (7.23) | — | −10.13 | |
| EBIT / total assets | (1.40) | — | −4.62 | |
| Market value of equity / total liabilities | 1.60 | — | 0.96 | |
| Sales / total assets | 1.30 | — | 1.30 | |
| Altman Z-score | Distress zone | −11.84 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | −27.66 | ||
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 |
|---|---|
| SCNX Scienture Holdings, Inc. compare | 5.4× |
| HITI High Tide Inc. compare | 1.5× |
| RDGT Ridgetech Inc. compare | 1.2× |
| PETS PetMed Express, Inc. compare | 0.4× |
| BIMI BIMI Holdings Inc. compare | −3.8× |
| MDVLQ MedAvail Holdings, Inc. | −11.8× |
| MEDS DataMeds AI, Inc compare | −15.2× |
| POM Pomdoctor Limited - Sponsored ADR compare | −33.3× |
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