Irving ResourcesFRA:1IR +8.70%31 Altman Z2-Score is 46.79 as of Jul. 07, 2026, which is 1% below its 10-year median of 47.49. GuruFocus rates FRA:1IR with a GF Score™ of 31/100. Among 2,614 Metals & Mining companies, Irving Resources ranks better than 91.39% on this metric.
Altman Z2-Score, also known as Z"-Score, is used to predict the likelihood that a non-manufacturing company (excluding property/financial company) will face bankruptcy within a two-year period.
Good Sign:
Irving Resources has a Altman Z2-Score of 46.79, indicating it is in Safe Zones. This implies the Altman Z2-Score is strong.
The zones of discrimination were as such:
When Altman Z2-Score <= 1.1, it is in Distress Zones.
When Altman Z2-Score >= 2.6, it is in Safe Zones.
When Altman Z2-Score is between 1.1 and 2.6, it is in Grey Zones.
The historical rank and industry rank for Irving Resources's Altman Z2-Score or its related term are showing as below:
FRA:1IR'
s Altman Z2-Score Range Over the Past 10 Years
Min: 20.69 Med: 47.49 Max: 86.23
Current: 46.81
During the past 11 years, Irving Resources's highest Altman Z2-Score was 86.23. The lowest was 20.69. And the median was 47.49.
The original Z-Score model was based on publicly traded manufacturing companies while the Z2-Score, also known as Z"-score can be used for any type of company excluding property/financial companies. Both Z-Score and Z2-Score describes the financial health of a company, and its likelihood of financial distress.
X1: The Working Capital/Total Assets (WC/TA) ratio is a measure of the net liquid assets of the firm relative to the total capitalization. Working capital is defined as the difference between current assets and current liabilities. Ordinarily, a firm experiencing consistent operating losses will have shrinking current assets in relation to total assets. Altman found this one proved to be the most valuable liquidity ratio comparing with the current ratio and the quick ratio. This is however the least significant of the five factors.
X2: Retained Earnings/Total Assets: the RE/TA ratio measures the leverage of a firm. Retained earnings is the account which reports the total amount of reinvested earnings and/or losses of a firm over its entire life. Those firms with high RE, relative to TA, have financed their assets through retention of profits and have not utilized as much debt.
X3, Earnings Before Interest and Taxes/Total Assets (EBIT/TA): This ratio is a measure of the true productivity of the firm's assets, independent of any tax or leverage factors. Since a firm's ultimate existence is based on the earning power of its assets, this ratio appears to be particularly appropriate for studies dealing with corporate failure. This ratio continually outperforms other profitability measures, including cash flow.
Altman Z2-Score does not apply to financial companies.
Irving Resources Altman Z2-Score Related Terms
Irving Resources Altman Z2-Score Historical Data
* Premium members only.
The historical data trend for Irving Resources's Altman Z2-Score can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Gold subindustry, Irving Resources's Altman Z2-Score, along with its competitors' market caps and Altman Z2-Score data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Irving Resources Altman Z2-Score vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Irving Resources's Altman Z2-Score distribution charts can be found below:
* The bar in red indicates where Irving Resources's Altman Z2-Score falls into.
Altman Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.
Z2-Score, also known as Z"-Score is the Z-Score for non-manufacturing companies excluding property/financial companies.
Irving Resources's Altman Z2-Score for today is calculated with this formula:
Z
=
6.56
*
X1
+
3.26
*
X2
+
6.72
*
X3
+
1.05
*
X4_2
=
6.56
*
0.1083
+
3.26
*
-0.5389
+
6.72
*
-0.0322
+
1.05
*
45.7615
=
46.79
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency. GuruFocus does not calculate Altman Z2-Score when X4_2 value is 0.
Irving Resources (FRA:1IR) has a Altman Z2-Score of 46.79 as of Jul. 07, 2026. Z2-Score is the Z-Score for non-manufacturing companies excluding property/financial companies, which measures a company's bankruptcy risk. View historical data on Irving Resources and its competitors. This is near median its historical median of 47.49. Over the past decade, Irving Resources' Altman Z2-Score has ranged from 20.69 to 86.23. According to the industry distribution chart, Irving Resources ranks #225 out of 2614 companies in the Metals & Mining industry, placing it in the top 8.6%.
Is Irving Resources' Altman Z2-Score too high?
Irving Resources' current Altman Z2-Score of 46.79 is near median its 10-year median of 47.49. Over the past 10 years, this metric has ranged from a low of 20.69 to a high of 86.23. The Metals & Mining industry median Altman Z2-Score is 2.14. Irving Resources' value of 46.79 is 2086.4% above this industry median. Based on the distribution chart, Irving Resources ranks #225 out of 2614 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Irving Resources has a GF Score™ of 31/100, reflecting its overall financial health beyond just this single metric.
How does Irving Resources' Altman Z2-Score compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Irving Resources ranks #225 out of 2614 companies for Altman Z2-Score. This places Irving Resources in the top 9% of its industry — outperforming the majority of peers. The industry median Altman Z2-Score is 2.14. Irving Resources' value of 46.79 is 2086.4% above this benchmark. Historically, Irving Resources' own Altman Z2-Score has ranged from 20.69 to 86.23 over the past decade. While the company's 10-year median is 47.49 vs. the industry median of 2.14, Irving Resources has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Altman Z2-Score for a Metals & Mining company?
The median Altman Z2-Score among Metals & Mining companies is 2.14, based on 2,614 companies in the industry. Companies in the top quartile (top 25%) have a Altman Z2-Score significantly above this median, while those in the bottom quartile fall well below. However, Altman Z2-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Irving Resources's current Altman Z2-Score of 46.79 is 2086.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Altman Z2-Score mean?
A high Altman Z2-Score can signal that a stock is expensive relative to its fundamentals. Z2-Score is the Z-Score for non-manufacturing companies excluding property/financial companies, which measures a company's bankruptcy risk. View historical data on Irving Resources and its competitors. For the Metals & Mining industry, the median Altman Z2-Score is 2.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Irving Resources's current Altman Z2-Score is 46.79, which is near median its own 10-year median of 47.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Irving Resources stock overvalued right now?
Irving Resources (FRA:1IR) has a current Altman Z2-Score of 46.79. The current Altman Z2-Score is 46.79, which is near median its 10-year median of 47.49 and 2086.4% above the Metals & Mining industry median of 2.14. Irving Resources' overall GF Score™ is 31/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Altman Z2-Score calculated?
Altman Z2-Score is calculated from a company's financial statements. For Irving Resources (FRA:1IR), the current Altman Z2-Score is 46.79 as of Jul. 07, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Irving Resources Inc is a Canadian-based mineral exploration company with precious metal projects in Japan and joint venture interests with Japan Oil, Gas, and Metals National Corporation (JOGMEC) in a rare earth element project in Africa and Canada. Its projects include the Omu Project, Yamagano Project, and Others.
31GF Score
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