USBC, INC.
USBC Technology Scientific & Technical Instruments
USBC, INC.’s revenue for fiscal 2022 (year ended September 2022) was $4.4 million. In the quarter to June 2026, EPS grew 96.9% and free cash flow grew 689.0%, each against the same quarter a year earlier.
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USBC, INC. (USBC) Altman Z-score
USBC, INC.'s Altman Z-score for fiscal 2022 is −0.87, in the distress zone (below 1.81).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2022 | −0.87 | 16.81 |
| FY2020 | −17.68 | 9.45 |
| FY2019 | −27.14 | (4.93) |
| FY2018 | −22.20 | 23.90 |
| FY2017 | −46.10 | (28.84) |
| FY2016 | −17.26 | (0.07) |
| FY2015 | −17.19 | — |
How fiscal 2022’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.64 | — | 0.77 | |
| Retained earnings / total assets | (7.37) | — | −10.32 | |
| EBIT / total assets | (0.91) | — | −3.02 | |
| Market value of equity / total liabilities | 18.96 | — | 11.38 | |
| Sales / total assets | 0.32 | — | 0.32 | |
| Altman Z-score | Distress zone | −0.87 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | −23.32 | ||
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 |
|---|---|
| LGL LGL Group, Inc. (The) compare | 16.5× |
| SOTK Sono-Tek Corporation compare | 8.3× |
| WRAP Wrap Technologies, Inc. compare | 5.9× |
| ODYS Odysight.ai Inc. compare | 4.9× |
| MLAB Mesa Laboratories, Inc. compare | 1.5× |
| USBC USBC, INC. | −0.9× |
| GNSS Genasys Inc. compare | −2.2× |
| ARBE Arbe Robotics Ltd. compare | −4.9× |
| ACFN Acorn Energy Inc. compare | — |
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