Baijiayun Group Ltd.
RTCJF Technology Software Application
Follow RTCJF
Baijiayun Group Ltd. (RTCJF) Altman Z-score
Baijiayun Group Ltd.'s Altman Z-score for fiscal 2025 is −3.46, in the distress zone (below 1.81).
Altman Z-score, annual
Embed this chart
Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | −3.46 | (0.80) |
| FY2024 | −2.67 | (10.63) |
| FY2023 | 7.97 | (486.99) |
| FY2022 | 494.96 | 493.88 |
| FY2022 | 1.08 | (1.40) |
| FY2021 | 2.48 | (2.12) |
| FY2021 | 4.60 | 3.14 |
| FY2020 | 1.45 | 1.17 |
| FY2019 | 0.28 | 0.44 |
| FY2018 | −0.15 | 0.17 |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.04 | — | 0.04 | |
| Retained earnings / total assets | (2.18) | — | −3.05 | |
| EBIT / total assets | (0.38) | — | −1.24 | |
| Market value of equity / total liabilities | 0.04 | — | 0.03 | |
| Sales / total assets | 0.76 | — | 0.76 | |
| Altman Z-score | Distress zone | −3.46 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | −9.18 | ||
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 |
|---|---|
| NXTT Next Technology Holding Inc. compare | 1.2× |
| XELA Exela Technologies, Inc. compare | −3.3× |
| NVNIF Nvni Group Limited compare | −3.3× |
| RTCJF Baijiayun Group Ltd. | −3.5× |
| INUV Inuvo, Inc compare | −6.3× |
| CYN Cyngn Inc. compare | −6.3× |
| MYSE Myseum.AI Inc. compare | −8.8× |
| GETR Getaround, Inc. compare | −9.7× |
| IFBD Infobird Co., Ltd. compare | −11.6× |
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