Xidelang HoldingsXKLS:5156 -50.00% Altman Z2-Score is 26.42 as of Jul. 02, 2026, which is 67% above its 10-year median of 15.79. The stock has 6 warning signs investors should review. Among 1,055 Manufacturing - Apparel & Accessories companies, Xidelang Holdings ranks better than 97.91% 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:
Xidelang Holdings has a Altman Z2-Score of 26.42, 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 Xidelang Holdings's Altman Z2-Score or its related term are showing as below:
XKLS:5156'
s Altman Z2-Score Range Over the Past 10 Years
Min: 10.29 Med: 15.79 Max: 27.8
Current: 26.42
During the past 13 years, Xidelang Holdings's highest Altman Z2-Score was 27.80. The lowest was 10.29. And the median was 15.79.
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.
Xidelang Holdings Altman Z2-Score Related Terms
Xidelang Holdings Altman Z2-Score Historical Data
* Premium members only.
The historical data trend for Xidelang Holdings'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.
XKLS:5156 vs NKE, DECK, ONON: Altman Z2-Score Comparison
For the Footwear & Accessories subindustry, Xidelang 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.
Xidelang Holdings Altman Z2-Score vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Xidelang Holdings's Altman Z2-Score distribution charts can be found below:
* The bar in red indicates where Xidelang Holdings'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.
Xidelang Holdings'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
*
0.5047
+
3.26
*
0.2935
+
6.72
*
-0.0779
+
1.05
*
21.5947
=
26.42
* 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.
Xidelang Holdings (XKLS:5156) has a Altman Z2-Score of 26.42 as of Jul. 02, 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 Xidelang Holdings and its competitors. This is 67% above median its historical median of 15.79. Over the past decade, Xidelang Holdings' Altman Z2-Score has ranged from 10.29 to 27.80. According to the industry distribution chart, Xidelang Holdings ranks #22 out of 1055 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 2.1%.
Is Xidelang Holdings' Altman Z2-Score too high?
Xidelang Holdings' current Altman Z2-Score of 26.42 is 67% above median its 10-year median of 15.79. Over the past 10 years, this metric has ranged from a low of 10.29 to a high of 27.80. The Manufacturing - Apparel & Accessories industry median Altman Z2-Score is 3.58. Xidelang Holdings' value of 26.42 is 638% above this industry median. Based on the distribution chart, Xidelang Holdings ranks #22 out of 1055 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers.
How does Xidelang Holdings' Altman Z2-Score compare to NKE and DECK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Xidelang Holdings ranks #22 out of 1055 companies for Altman Z2-Score. This places Xidelang Holdings in the top 2% of its industry — outperforming the majority of peers. The industry median Altman Z2-Score is 3.58. Xidelang Holdings' value of 26.42 is 638% above this benchmark. Historically, Xidelang Holdings' own Altman Z2-Score has ranged from 10.29 to 27.80 over the past decade. While the company's 10-year median is 15.79 vs. the industry median of 3.58, Xidelang 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 a Manufacturing - Apparel & Accessories company?
The median Altman Z2-Score among Manufacturing - Apparel & Accessories companies is 3.58, based on 1,055 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. Xidelang Holdings's current Altman Z2-Score of 26.42 is 638% 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 Xidelang Holdings and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Altman Z2-Score is 3.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Xidelang Holdings's current Altman Z2-Score is 26.42, which is 67% above median its own 10-year median of 15.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Xidelang Holdings stock overvalued right now?
Based on GuruFocus' analysis, Xidelang Holdings (XKLS:5156) is currently considered Possible Value Trap. The stock's GF Value™ is RM0.01, compared to a current price of RM0.01 — trading 50% below its estimated fair value. The current Altman Z2-Score is 26.42, which is 67% above median its 10-year median of 15.79 and 638% above the Manufacturing - Apparel & Accessories industry median of 3.58. 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 Xidelang Holdings (XKLS:5156), the current Altman Z2-Score is 26.42 as of Jul. 02, 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.
Xidelang Holdings Ltd is engaged in the business of designing, manufacturing, and marketing sports shoes as well as designing and marketing of sports apparel, accessories, and equipment. The company operates into two segments: ODM Segment and Own-Branding Segment. The company mainly operates in the People's Republic of China and generates maximum revenue from the sale of sports shoes.
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