Paranovus Entertainment Technology Ltd.
PAVS Consumer Defensive Packaged Foods
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Paranovus Entertainment Technology Ltd. (PAVS) Altman Z-score
Paranovus Entertainment Technology Ltd.'s Altman Z-score for fiscal 2026 is 46.26, 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 | 46.26 | (10,460.78) |
| FY2025 | 10507.04 | (230,382.45) |
| FY2024 | 240889.49 | 147,727.34 |
| FY2023 | 93162.15 | (763,369.73) |
| FY2022 | 856531.88 | (4,155,352.11) |
| FY2021 | 5011884.00 | (14,625,972.63) |
| FY2020 | 19637856.62 | — |
How fiscal 2026’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.48 | — | 0.58 | |
| Retained earnings / total assets | (2.25) | — | −3.15 | |
| EBIT / total assets | (0.40) | — | −1.31 | |
| Market value of equity / total liabilities | 82.91 | — | 49.75 | |
| Sales / total assets | 0.40 | — | 0.40 | |
| Altman Z-score | Safe zone | 46.26 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Grey zone | 2.14 | ||
Z and Z″ put Paranovus Entertainment Technology Ltd. in different zones: safe zone by Z, grey zone by Z″.
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 |
|---|---|
| PAVS Paranovus Entertainment Technology Ltd. | 46.3× |
| ORISF Oriental Rise Holdings Limited compare | 2.6× |
| ATPC Agape ATP Corporation compare | 1.2× |
| RGFC Real Good Food Company, Inc. compare | 0.4× |
| CYAN Cyanotech Corporation compare | −0.5× |
| FAMI Farmmi, Inc. compare | −0.7× |
| MEHA Functional Brands Inc. compare | −0.8× |
| NCRA Nocera, Inc. compare | −1.5× |
| SNAX Stryve Foods, Inc. compare | −7.0× |
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