stockrowQuhuo Limited Sponsored ADR
QH Technology Software Application
Quhuo Limited Sponsored ADR’s revenue for fiscal 2025 (year ended December 2025) was $361.2 million, down 13.5% from fiscal 2024.
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Quhuo Limited Sponsored ADR (QH) Altman Z-score
Quhuo Limited Sponsored ADR's Altman Z-score for fiscal 2025 is 13.85, in the safe zone (above 2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 13.85 | (576.68) |
| FY2024 | 590.54 | 529.13 |
| FY2023 | 61.40 | 14.38 |
| FY2022 | 47.02 | (2,488.71) |
| FY2021 | 2535.73 | (11,703.24) |
| FY2020 | 14238.97 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.01 | — | 0.02 | |
| Retained earnings / total assets | (1.91) | — | −2.67 | |
| EBIT / total assets | (0.22) | — | −0.74 | |
| Market value of equity / total liabilities | 23.47 | — | 14.08 | |
| Sales / total assets | 3.16 | — | 3.16 | |
| Altman Z-score | Safe zone | 13.85 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | −6.82 | ||
Z and Z″ put Quhuo Limited Sponsored ADR in different zones: safe zone by Z, distress 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 |
|---|---|
| QH Quhuo Limited Sponsored ADR | 13.9× |
| NXTT Next Technology Holding Inc. compare | 1.2× |
| BIYA Baiya International Group Inc. compare | 0.8× |
| RTCJF Baijiayun Group Ltd. compare | −1.9× |
| XELA Exela Technologies, Inc. compare | −3.3× |
| NVNIF Nvni Group Limited compare | −3.3× |
| INUV Inuvo, Inc compare | −6.3× |
| MYSE Myseum.AI Inc. compare | −8.8× |
| YXT YXT.COM Group Holding Limited - Unsponsored ADR compare | −9.7× |
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