Quantum Computing Inc.
QUBT Technology Computer Hardware
Quantum Computing Inc.’s revenue for fiscal 2022 (year ended December 2022) was $135,600.00.
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Quantum Computing Inc. (QUBT) Altman Z-score
Quantum Computing Inc.'s Altman Z-score for fiscal 2022 cannot be worked out: total assets not reported.
Altman Z-score, annual
Annual newest first
| Period | Altman Z-score | Change (points) |
|---|
How fiscal 2022’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | — | — | n/a | — |
| Retained earnings / total assets | — | — | n/a | — |
| EBIT / total assets | — | — | n/a | — |
| Market value of equity / total liabilities | 5.86 | — | 3.52 | |
| Sales / total assets | — | — | n/a | — |
| Altman Z-score | n/a — total assets not reported | — | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | n/a — total assets not reported | — | ||
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 |
|---|---|
| QBTS D-Wave Quantum Inc. compare | 78.6× |
| RGTI Rigetti Computing, Inc. compare | 33.0× |
| UMAC Unusual Machines, Inc. compare | 25.8× |
| CRCT Cricut, Inc. compare | 5.0× |
| CRSR Corsair Gaming, Inc. compare | 1.9× |
| SSYS Stratasys, Ltd. compare | −0.6× |
| DDD 3D Systems Corporation compare | −2.4× |
| QMCO Quantum Corporation compare | −8.7× |
| QUBT Quantum Computing Inc. | — |
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