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What is KRN Heat Exchanger and Refrigeration Altman Z-Score?
KRN Heat Exchanger and RefrigerationBOM:544263 +4.98%48 Altman Z-Score is 15.41 as of Jul. 15, 2026, which is 33% below its 10-year median of 22.97. GuruFocus rates BOM:544263 with a GF Score™ of 48/100. The stock has 8 warning signs investors should review. Among 2,462 Hardware companies, KRN Heat Exchanger and Refrigeration ranks better than 90.45% on this metric.
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.
Good Sign:
Altman Z-score of 14.74 is strong.
KRN Heat Exchanger and Refrigeration has a Altman Z-Score of 15.41, indicating it is in Safe Zones. This implies the Altman Z-Score is strong.
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.
BOM:544263'
s Altman Z-Score Range Over the Past 10 Years
Min: 10.18 Med: 22.97 Max: 35.75
Current: 14.74
During the past 6 years, KRN Heat Exchanger and Refrigeration's highest Altman Z-Score was 35.75. The lowest was 10.18. And the median was 22.97.
KRN Heat Exchanger and Refrigeration (BOM:544263) 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.
* 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.
KRN Heat Exchanger and Refrigeration Altman Z-Score Chart
For the Electronic Components subindustry, KRN Heat Exchanger and Refrigeration'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.
KRN Heat Exchanger and Refrigeration Altman Z-Score vs Hardware Industry
KRN Heat Exchanger and Refrigeration 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.
* 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.
KRN Heat Exchanger and Refrigeration (BOM:544263) has a Altman Z-Score of 15.41 as of Jul. 15, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on KRN Heat Exchanger and Refrigeration and its competitors. This is 33% below median its historical median of 22.97. Over the past decade, KRN Heat Exchanger and Refrigeration's Altman Z-Score has ranged from 10.18 to 35.75. According to the industry distribution chart, KRN Heat Exchanger and Refrigeration ranks #235 out of 2462 companies in the Hardware industry, placing it in the top 9.5%.
Is KRN Heat Exchanger and Refrigeration's Altman Z-Score too high?
KRN Heat Exchanger and Refrigeration's current Altman Z-Score of 15.41 is 33% below median its 10-year median of 22.97. Over the past 10 years, this metric has ranged from a low of 10.18 to a high of 35.75. The Hardware industry median Altman Z-Score is 3.56. KRN Heat Exchanger and Refrigeration's value of 15.41 is 332.9% above this industry median. Based on the distribution chart, KRN Heat Exchanger and Refrigeration ranks #235 out of 2462 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, KRN Heat Exchanger and Refrigeration has a GF Score™ of 48/100, reflecting its overall financial health beyond just this single metric.
How does KRN Heat Exchanger and Refrigeration's Altman Z-Score compare to APH and GLW?
According to the Hardware industry distribution chart, KRN Heat Exchanger and Refrigeration ranks #235 out of 2462 companies for Altman Z-Score. This places KRN Heat Exchanger and Refrigeration in the top 10% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 3.56. KRN Heat Exchanger and Refrigeration's value of 15.41 is 332.9% above this benchmark. Historically, KRN Heat Exchanger and Refrigeration's own Altman Z-Score has ranged from 10.18 to 35.75 over the past decade. While the company's 10-year median is 22.97 vs. the industry median of 3.56, KRN Heat Exchanger and Refrigeration 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 Z-Score for a Hardware company?
The median Altman Z-Score among Hardware companies is 3.56, based on 2,462 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. KRN Heat Exchanger and Refrigeration's current Altman Z-Score of 15.41 is 332.9% 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 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 KRN Heat Exchanger and Refrigeration and its competitors. For the Hardware industry, the median Altman Z-Score is 3.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. KRN Heat Exchanger and Refrigeration's current Altman Z-Score is 15.41, which is 33% below median its own 10-year median of 22.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is KRN Heat Exchanger and Refrigeration stock overvalued right now?
KRN Heat Exchanger and Refrigeration (BOM:544263) has a current Altman Z-Score of 15.41. The current Altman Z-Score is 15.41, which is 33% below median its 10-year median of 22.97 and 332.9% above the Hardware industry median of 3.56. KRN Heat Exchanger and Refrigeration's overall GF Score™ is 48/100 with 8 warning signs to review. 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 KRN Heat Exchanger and Refrigeration (BOM:544263), the current Altman Z-Score is 15.41 as of Jul. 15, 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.
KRN Heat Exchanger and Refrigeration Business Description
KRN Heat Exchanger and Refrigeration Ltd manufacture fin and tube-type heat exchangers for the Heat Ventilation Air Conditioning and Refrigeration Industry. Heat exchangers manufactured by the company are made of non-ferrous metals, Copper and Aluminium. Its product range includes condenser coils, evaporator units, evaporator coils, header/copper parts, fluid and steam coils and sheet metal parts. The diameter of the heat exchanger tubes it produces ranges from 5MM to 15.88 MM. The company's products are well suited for a wide range of air conditioning, heating and ventilation, refrigeration and process cooling applications.
48GF Score
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