MDJM Ltd.
UOKAF Consumer Cyclical Lodging
MDJM Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $89,700.00, up 85.3% from fiscal 2024.
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MDJM Ltd. (UOKAF) Altman Z-score
MDJM Ltd.'s Altman Z-score for fiscal 2025 is 1.62, in the distress zone (below 1.81).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 1.62 | 3.98 |
| FY2024 | −2.36 | (94.90) |
| FY2023 | 92.54 | 78.83 |
| FY2022 | 13.71 | 4.36 |
| FY2021 | 9.35 | (10.44) |
| FY2020 | 19.79 | (4.32) |
| FY2019 | 24.11 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.10 | — | 0.12 | |
| Retained earnings / total assets | (0.84) | — | −1.17 | |
| EBIT / total assets | (0.25) | — | −0.83 | |
| Market value of equity / total liabilities | 5.80 | — | 3.48 | |
| Sales / total assets | 0.02 | — | 0.02 | |
| Altman Z-score | Distress zone | 1.62 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 8.00 | ||
Z and Z″ put MDJM Ltd. in different zones: distress zone by Z, safe 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 |
|---|---|
| ATAT Atour Lifestyle Holdings Limited Sponsored ADR compare | 6.8× |
| CHH Choice Hotels International, Inc. compare | 3.1× |
| HTHT H World Group Limited Sponsored ADR compare | 2.0× |
| WH Wyndham Hotels & Resorts compare | 1.7× |
| UOKAF MDJM Ltd. | 1.6× |
| GHG GreenTree Hospitality Group Ltd. Sponsored ADR compare | 0.6× |
| INTG The Intergroup Corporation compare | 0.5× |
| CVEO Civeo Corporation compare | −1.0× |
| SONDQ Sonder Holdings Inc. compare | −2.2× |
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