BLMZF (Harrison Global Holdings) Altman Z-Score: -0.50 (As of Jul. 30, 2026)

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What is Harrison Global Holdings Altman Z-Score?

Harrison Global Holdings BLMZF Altman Z-Score is -0.50 as of Jul. 30, 2026.

The Altman Z-Score is a model designed to predict the likelihood of a company going bankrupt within the next two years. Created by American finance professor Edward Altman in 1968, the model is specifically designed for publicly traded manufacturing companies with assets greater than $1 million.

Harrison Global Holdings has a Altman Z-Score of -0.50, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.

The zones of discrimination were as such:

When Altman Z-Score <= 1.8, it is in Distress Zones.
When Altman Z-Score >= 3, it is in Safe Zones.
When Altman Z-Score is between 1.8 and 3, it is in Grey Zones.

The historical rank and industry rank for Harrison Global Holdings's Altman Z-Score or its related term are showing as below:


Harrison Global Holdings  (OTCPK:BLMZF) Altman Z-Score Explanation

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.

X4, Market Value of Equity/Book Value of Total Liabilities (MVE/TL): The measure shows how much the firm's assets can decline in value (measured by market value of equity plus debt) before the liabilities exceed the assets and the firm becomes insolvent.

X5, Revenue/Total Assets (S/TA): The capital-turnover ratio is a standard financial ratio illustrating the sales generating ability of the firm's assets.

Read more about Altman Z-Score and the original research.


Be Aware

Altman Z-Score does not apply to financial companies.


Harrison Global Holdings Altman Z-Score Related Terms


Harrison Global Holdings Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Harrison Global Holdings's Altman Z-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.

Harrison Global Holdings Altman Z-Score Chart

Harrison Global Holdings Annual Data
Trend Sep21 Sep22 Sep23 Sep24
Altman Z-Score
0.00 0.00 0.00 3.57

Harrison Global Holdings Semi-Annual Data
Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25
Altman Z-Score Get a 7-Day Free Trial 0.00 0.00 0.00 3.57 0.00

BLMZF vs CMLSQ, NFLX, DIS: Altman Z-Score Comparison

For the Entertainment subindustry, Harrison Global Holdings's Altman Z-Score, along with its competitors' market caps and Altman Z-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.


Harrison Global Holdings Altman Z-Score vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Harrison Global Holdings's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Harrison Global Holdings's Altman Z-Score falls into.



Harrison Global Holdings Altman Z-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.

Harrison Global Holdings's Altman Z-Score for today is calculated with this formula:

Z=1.2*X1+1.4*X2+3.3*X3+0.6*X4+1.0*X5
=1.2*0.5412+1.4*-0.3257+3.3*-0.3025+0.6*0.0006+1.0*0.3018
=-0.50

* 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 Z-Score when X4 or X5 value is 0.

Trailing Twelve Months (TTM) ended in Sep. 2024:
Total Assets was $5.10 Mil.
Total Current Assets was $4.29 Mil.
Total Current Liabilities was $1.53 Mil.
Retained Earnings was $-1.66 Mil.
Pre-Tax Income was $-1.55 Mil.
Interest Expense was $-0.00 Mil.
Revenue was $1.54 Mil.
Market Cap (Today) was $0.00 Mil.
Total Liabilities was $1.72 Mil.

* Note that for stock reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data.

X1=Working Capital/Total Assets
=(Total Current Assets - Total Current Liabilities)/Total Assets
=(4.285 - 1.525)/5.1
=0.5412

X2=Retained Earnings/Total Assets
=-1.661/5.1
=-0.3257

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(-1.546 - -0.003)/5.1
=-0.3025

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=0.001/1.719
=0.0006

X5=Revenue/Total Assets
=1.539/5.1
=0.3018

The zones of discrimination were as such:

Distress Zones - 1.81 < Grey Zones < 2.99 - Safe Zones

Harrison Global Holdings has a Altman Z-Score of -0.50 indicating it is in Distress Zones.

Study by Altman found that companies that are in Distress Zone have more than 80% of chances of bankruptcy in two years.

Frequently Asked Questions Learn more about Altman Z-Score →
What does a Altman Z-Score of -0.50 mean?
Harrison Global Holdings (BLMZF) has a Altman Z-Score of -0.50 as of Jul. 30, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Harrison Global Holdings and its competitors.
Is Harrison Global Holdings' Altman Z-Score too high?
Harrison Global Holdings' current Altman Z-Score is -0.50.
How does Harrison Global Holdings' Altman Z-Score compare to CMLSQ and NFLX?
Harrison Global Holdings' Altman Z-Score of -0.50 can be compared against companies in the Media - Diversified industry. The industry median Altman Z-Score is 2.00. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Altman Z-Score for a Media - Diversified company?
The median Altman Z-Score among Media - Diversified companies is 2.00, based on 1,008 companies in the industry. Companies in the top quartile (top 25%) have a Altman Z-Score significantly above this median, while those in the bottom quartile fall well below. However, Altman Z-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Altman Z-Score mean?
A high Altman Z-Score can signal that a stock is expensive relative to its fundamentals. The Altman Z-score measures a company's bankruptcy risk. View historical data on Harrison Global Holdings and its competitors. For the Media - Diversified industry, the median Altman Z-Score is 2.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Harrison Global Holdings's current Altman Z-Score is -0.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Harrison Global Holdings stock overvalued right now?
Harrison Global Holdings (BLMZF) has a current Altman Z-Score of -0.50. The current Altman Z-Score is -0.50. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Altman Z-Score calculated?
Altman Z-Score is calculated from a company's financial statements. For Harrison Global Holdings (BLMZF), the current Altman Z-Score is -0.50 as of Jul. 30, 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.

Harrison Global Holdings Business Description

Address 4-5-19 Akasaka, Toyo Recording 1st Floor, Minato-ku, Tokyo, JPN
Harrison Global Holdings Inc Formerly BloomZ Inc operates as an audio-producing and voice actor managing company. The company provides audio production services and voice-acting educational services in Japan. The business lines of the company are the audio production business, the VTuber management business, and the voice actor workshop business. The audio production comprises producing audios for animations and video games using dubbing, BGM producing, and mixing techniques; the Vtuber management business creates motion-capture technology for streamers to provide the voice to stream real-time videos featuring human facial expressions and gestures; and the voice actor workshop provides practical voice acting services.