ZK International Group Co., Ltd.
ZKIN Basic Materials Steel
ZK International Group Co., Ltd.’s revenue for fiscal 2025 (year ended September 2025) was $71.2 million, down 34.2% from fiscal 2024.
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ZK International Group Co., Ltd. (ZKIN) Altman Z-score
ZK International Group Co., Ltd.'s Altman Z-score for fiscal 2025 is 0.16, in the distress zone (below 1.81).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 0.16 | (0.46) |
| FY2024 | 0.62 | 2.82 |
| FY2023 | −2.20 | (3.30) |
| FY2022 | 1.10 | (0.18) |
| FY2021 | 1.28 | (0.40) |
| FY2020 | 1.69 | (0.35) |
| FY2019 | 2.04 | 0.10 |
| FY2018 | 1.93 | 0.02 |
| FY2017 | 1.91 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.22 | — | 0.26 | |
| Retained earnings / total assets | (0.87) | — | −1.21 | |
| EBIT / total assets | (0.07) | — | −0.22 | |
| Market value of equity / total liabilities | 0.33 | — | 0.20 | |
| Sales / total assets | 1.13 | — | 1.13 | |
| Altman Z-score | Distress zone | 0.16 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | −1.15 | ||
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 |
|---|---|
| MSB Mesabi Trust compare | 70.4× |
| LUD Luda Technology Group Limited compare | 4.5× |
| NWPX NWPX Infrastructure, Inc. compare | 4.2× |
| FRD Friedman Industries Inc. compare | 3.7× |
| MTUS Metallus Inc. compare | 2.1× |
| SID National Steel Company compare | 0.7× |
| ZKIN ZK International Group Co., Ltd. | 0.2× |
| ASTL Algoma Steel Group Inc. compare | −1.0× |
| MTL Mechel PAO 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