stockrowNexentis Technologies Inc.
NXTS Basic Materials Agricultural Inputs
Nexentis Technologies Inc.’s revenue for fiscal 2024 (year ended December 2024) was $210,000.00, down 20.2% from fiscal 2023.
- Revenue
- −100.0%
- EPS
- +69.0%
- Free cash flow
- −2.86%
- Total debt
- −39.6%
Quarter to June 2026, against a year earlier
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Nexentis Technologies Inc. (NXTS) Altman Z-score
Nexentis Technologies Inc.'s Altman Z-score for fiscal 2024 is −9.26, in the distress zone (below 1.81).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2024 | −9.26 | (2.78) |
| FY2023 | −6.48 | (1.95) |
| FY2022 | −4.53 | (5.27) |
| FY2021 | 0.73 | 25.46 |
| FY2020 | −24.73 | 0.98 |
| FY2019 | −25.71 | (1,142.90) |
| FY2018 | 1117.20 | — |
How fiscal 2024’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.47 | — | 0.56 | |
| Retained earnings / total assets | (6.32) | — | −8.85 | |
| EBIT / total assets | (0.60) | — | −1.98 | |
| Market value of equity / total liabilities | 1.63 | — | 0.98 | |
| Sales / total assets | 0.04 | — | 0.04 | |
| Altman Z-score | Distress zone | −9.26 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | −16.19 | ||
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 |
|---|---|
| IPI Intrepid Potash, Inc compare | 2.1× |
| AVD American Vanguard Corporation compare | 1.6× |
| FMC FMC Corporation compare | 0.7× |
| BIOX Bioceres Crop Solutions Corp. compare | −0.6× |
| LVROF Lavoro Limited compare | −1.3× |
| BHILQ Benson Hill, Inc. compare | −2.0× |
| NXTS Nexentis Technologies Inc. | −9.3× |
| SEED Origin Agritech Limited compare | −10.6× |
| UAN CVR Partners, LP 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