Ridgetech Inc.
RDGT Healthcare Pharmaceutical Retailers
Ridgetech Inc.’s revenue for fiscal 2026 (year ended March 2026) was $132.2 million, up 10.2% from fiscal 2025. Insiders bought in the last twelve months.
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Ridgetech Inc. (RDGT) Altman Z-score
Ridgetech Inc.'s Altman Z-score for fiscal 2026 is 1.16, in the distress zone (below 1.81).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2026 | 1.16 | 0.16 |
| FY2025 | 1.01 | 0.79 |
| FY2024 | 0.22 | (1,105.42) |
| FY2023 | 1105.64 | 1,080.92 |
| FY2022 | 24.72 | 23.92 |
| FY2021 | 0.80 | (0.13) |
| FY2020 | 0.93 | (0.74) |
| FY2019 | 1.68 | 1.18 |
| FY2018 | 0.50 | (1.12) |
| FY2017 | 1.62 | (0.08) |
How fiscal 2026’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.53 | — | 0.64 | |
| Retained earnings / total assets | (0.94) | — | −1.31 | |
| EBIT / total assets | (0.03) | — | −0.09 | |
| Market value of equity / total liabilities | 0.01 | — | 0.01 | |
| Sales / total assets | 1.91 | — | 1.91 | |
| Altman Z-score | Distress zone | 1.16 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Grey zone | 1.77 | ||
Z and Z″ put Ridgetech Inc. in different zones: distress 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 |
|---|---|
| SCNX Scienture Holdings, Inc. compare | 5.4× |
| HITI High Tide Inc. compare | 1.5× |
| RDGT Ridgetech Inc. | 1.2× |
| PETS PetMed Express, Inc. compare | 0.4× |
| BIMI BIMI Holdings Inc. compare | −3.8× |
| MDVLQ MedAvail Holdings, Inc. compare | −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