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High Arctic Overseas HoldingsFRA:J5N 16 Altman Z2-Score is 8.45 as of Aug. 28, 2026, which is 9% below its 10-year median of 9.27. GuruFocus rates FRA:J5N with a GF Score™ of 16/100. The stock has 7 warning signs investors should review. Among 987 Oil & Gas companies, High Arctic Overseas Holdings ranks better than 88.04% 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:
High Arctic Overseas Holdings has a Altman Z2-Score of 8.45, 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 High Arctic Overseas Holdings's Altman Z2-Score or its related term are showing as below:
FRA:J5N'
s Altman Z2-Score Range Over the Past 10 Years
Min: 4.51 Med: 9.27 Max: 13.2
Current: 8.44
During the past 5 years, High Arctic Overseas Holdings's highest Altman Z2-Score was 13.20. The lowest was 4.51. And the median was 9.27.
High Arctic Overseas Holdings (FRA:J5N) Altman Z2-Score Explanation
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.
* 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.
High Arctic Overseas Holdings Altman Z2-Score Chart
FRA:J5N vs SLB, BKR, FTI: Altman Z2-Score Comparison
For the Oil & Gas Equipment & Services subindustry, High Arctic Overseas Holdings'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.
High Arctic Overseas Holdings Altman Z2-Score vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, High Arctic Overseas Holdings's Altman Z2-Score distribution charts can be found below:
* The bar in red indicates where High Arctic Overseas Holdings's Altman Z2-Score falls into.
High Arctic Overseas Holdings Altman Z2-Score Calculation
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.
* 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.
High Arctic Overseas Holdings (FRA:J5N) has a Altman Z2-Score of 8.45 as of Aug. 28, 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 High Arctic Overseas Holdings and its competitors. This is near median its historical median of 9.27. Over the past decade, High Arctic Overseas Holdings' Altman Z2-Score has ranged from 4.51 to 13.20. According to the industry distribution chart, High Arctic Overseas Holdings ranks #118 out of 987 companies in the Oil & Gas industry, placing it in the top 12%.
Is High Arctic Overseas Holdings' Altman Z2-Score too high?
High Arctic Overseas Holdings' current Altman Z2-Score of 8.45 is near median its 10-year median of 9.27. Over the past 10 years, this metric has ranged from a low of 4.51 to a high of 13.20. The Oil & Gas industry median Altman Z2-Score is 2.00. High Arctic Overseas Holdings' value of 8.45 is 322.5% above this industry median. Based on the distribution chart, High Arctic Overseas Holdings ranks #118 out of 987 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, High Arctic Overseas Holdings has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does High Arctic Overseas Holdings' Altman Z2-Score compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, High Arctic Overseas Holdings ranks #118 out of 987 companies for Altman Z2-Score. This places High Arctic Overseas Holdings in the top 12% of its industry — outperforming the majority of peers. The industry median Altman Z2-Score is 2.00. High Arctic Overseas Holdings' value of 8.45 is 322.5% above this benchmark. Historically, High Arctic Overseas Holdings' own Altman Z2-Score has ranged from 4.51 to 13.20 over the past decade. While the company's 10-year median is 9.27 vs. the industry median of 2.00, High Arctic Overseas Holdings 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 an Oil & Gas company?
The median Altman Z2-Score among Oil & Gas companies is 2.00, based on 987 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. High Arctic Overseas Holdings's current Altman Z2-Score of 8.45 is 322.5% 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 High Arctic Overseas Holdings and its competitors. For the Oil & Gas industry, the median Altman Z2-Score is 2.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. High Arctic Overseas Holdings's current Altman Z2-Score is 8.45, which is near median its own 10-year median of 9.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is High Arctic Overseas Holdings stock overvalued right now?
High Arctic Overseas Holdings (FRA:J5N) has a current Altman Z2-Score of 8.45. The current Altman Z2-Score is 8.45, which is near median its 10-year median of 9.27 and 322.5% above the Oil & Gas industry median of 2.00. High Arctic Overseas Holdings' overall GF Score™ is 16/100 with 7 warning signs to review. 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 High Arctic Overseas Holdings (FRA:J5N), the current Altman Z2-Score is 8.45 as of Aug. 28, 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.
High Arctic Overseas Holdings Corp is engaged in contract drilling, equipment rentals and other oilfield services to the oil and natural gas industry in Papua New Guinea (PNG) through a subsidiary in Singapore, two subsidiaries in PNG and a subsidiary in Australia. The company generates the majority of its revenue from Service revenue and derives a smaller proportion of its revenue from Equipment rental revenue.
16GF Score
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