Yueda Digital Holding
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Yueda Digital Holding (YDKG) Altman Z-score
Yueda Digital Holding's Altman Z-score for fiscal 2025 is 1.24, 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 | 1.24 | 10.07 |
| FY2024 | −8.83 | (1.61) |
| FY2023 | −7.22 | (2.88) |
| FY2022 | −4.34 | 1.16 |
| FY2021 | −5.50 | (1.53) |
| FY2020 | −3.98 | 1.95 |
| FY2019 | −5.92 | (1.70) |
| FY2018 | −4.23 | (1.19) |
| FY2017 | −3.04 | (3.42) |
| FY2016 | 0.38 | (1.43) |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.68 | — | 0.81 | |
| Retained earnings / total assets | (1.16) | — | −1.62 | |
| EBIT / total assets | (0.14) | — | −0.48 | |
| Market value of equity / total liabilities | 4.05 | — | 2.43 | |
| Sales / total assets | 0.09 | — | 0.09 | |
| Altman Z-score | Distress zone | 1.24 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 988.15 | ||
Z and Z″ put Yueda Digital Holding 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 |
|---|---|
| CHR Cheer Holding, Inc. compare | 2.4× |
| YDKG Yueda Digital Holding | 1.2× |
| WIMI WiMi Hologram Cloud Inc. compare | 0.9× |
| TDIC Dreamland Limited compare | −2.7× |
| BAOS Baosheng Media Group Holdings Limited compare | −6.6× |
| KRKR 36Kr Holdings Inc. Sponsored ADR compare | −7.8× |
| CNET ZW Data Action Technologies Inc. compare | −8.9× |
| TC Token Cat Limited - Sponsored ADR compare | −10.9× |
| LKCO Luokung Technology Corp. compare | −23.9× |
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