CITLF (Critical Infrastructure Technologies) Altman Z-Score: 1.21 (As of Jun. 29, 2026) — 57% Above Median


CITLF Critical Infrastructure Technologies Ltd CITLF
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What is Critical Infrastructure Technologies Altman Z-Score?

Critical Infrastructure Technologies CITLF -20.46% 32 Altman Z-Score is 1.21 as of Jun. 29, 2026, which is 57% above its 10-year median of 0.77. GuruFocus rates CITLF with a GF Scoreâ„¢ of 32/100. The stock has 6 warning signs investors should review. Among 2,459 Hardware companies, Critical Infrastructure Technologies ranks worse than 68.81% 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.

Warning Sign:

Altman Z-score of 2.42 is in the grey area. This implies that the company is under some kind of financial stress. If it is below 1.8, the company may face bankruptcy risk.

Critical Infrastructure Technologies has a Altman Z-Score of 1.21, 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 Critical Infrastructure Technologies's Altman Z-Score or its related term are showing as below:

CITLF' s Altman Z-Score Range Over the Past 10 Years
Min: -6.3   Med: 0.77   Max: 9.49
Current: 2.42

During the past 5 years, Critical Infrastructure Technologies's highest Altman Z-Score was 9.49. The lowest was -6.30. And the median was 0.77.


Critical Infrastructure Technologies  (OTCPK:CITLF) 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.


Critical Infrastructure Technologies Altman Z-Score Related Terms


Critical Infrastructure Technologies Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Critical Infrastructure Technologies'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.

Critical Infrastructure Technologies Altman Z-Score Chart

Critical Infrastructure Technologies Annual Data
Trend Jun21 Jun22 Jun23 Jun24 Jun25
Altman Z-Score
0.00 0.00 0.00 0.00 -6.30

Critical Infrastructure Technologies Quarterly Data
Jun21 Jun22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Altman Z-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2.40 -6.30 -0.12 8.24 9.49

CITLF vs CSCO, CIEN, MSI: Altman Z-Score Comparison

For the Communication Equipment subindustry, Critical Infrastructure Technologies'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.


Critical Infrastructure Technologies Altman Z-Score vs Hardware Industry

For the Hardware industry and Technology sector, Critical Infrastructure Technologies's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Critical Infrastructure Technologies's Altman Z-Score falls into.


CITLF
32GF Score
Critical Infrastructure Technologies Ltd CITLF
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Critical Infrastructure Technologies 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.

Critical Infrastructure Technologies'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*0.0268+1.4*-1.8781+3.3*-0.0997+0.6*6.6973+1.0*0.1156
=1.21

* 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 Mar. 2026:
Total Assets was $5.41 Mil.
Total Current Assets was $1.87 Mil.
Total Current Liabilities was $1.73 Mil.
Retained Earnings was $-10.15 Mil.
Pre-Tax Income was 1.384 + -0.635 + -0.326 + -1.146 = $-0.72 Mil.
Interest Expense was -0.026 + -0.047 + -0.048 + -0.063 = $-0.18 Mil.
Revenue was 1.068 + 0 + 0 + -0.443 = $0.63 Mil.
Market Cap (Today) was $11.57 Mil.
Total Liabilities was $1.73 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
=(1.873 - 1.728)/5.405
=0.0268

X2=Retained Earnings/Total Assets
=-10.151/5.405
=-1.8781

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(-0.723 - -0.184)/5.405
=-0.0997

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=11.573/1.728
=6.6973

X5=Revenue/Total Assets
=0.625/5.405
=0.1156

The zones of discrimination were as such:

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

Critical Infrastructure Technologies has a Altman Z-Score of 1.21 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 1.21 mean?
Critical Infrastructure Technologies (CITLF) has a Altman Z-Score of 1.21 as of Jun. 29, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Critical Infrastructure Technologies and its competitors. This is 57% above median its historical median of 0.77. According to the industry distribution chart, Critical Infrastructure Technologies ranks #1692 out of 2459 companies in the Hardware industry, placing it in the top 68.8%.
Is Critical Infrastructure Technologies' Altman Z-Score too high?
Critical Infrastructure Technologies' current Altman Z-Score of 1.21 is 57% above median its 10-year median of 0.77. The Hardware industry median Altman Z-Score is 3.59. Critical Infrastructure Technologies' value of 1.21 is 66.3% below this industry median. Based on the distribution chart, Critical Infrastructure Technologies ranks #1692 out of 2459 companies in the Hardware industry, which is below the industry midpoint. Overall, Critical Infrastructure Technologies has a GF Scoreâ„¢ of 32/100, reflecting its overall financial health beyond just this single metric.
How does Critical Infrastructure Technologies' Altman Z-Score compare to CSCO and CIEN?
According to the Hardware industry distribution chart, Critical Infrastructure Technologies ranks #1692 out of 2459 companies for Altman Z-Score. This places Critical Infrastructure Technologies in the lower half of its industry. The industry median Altman Z-Score is 3.59. Critical Infrastructure Technologies' value of 1.21 is 66.3% below this benchmark. While the company's 10-year median is 0.77 vs. the industry median of 3.59, Critical Infrastructure Technologies has consistently been below 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 3.59, based on 2,459 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. Critical Infrastructure Technologies's current Altman Z-Score of 1.21 is 66.3% below 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 Critical Infrastructure Technologies and its competitors. For the Hardware industry, the median Altman Z-Score is 3.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Critical Infrastructure Technologies's current Altman Z-Score is 1.21, which is 57% above median its own 10-year median of 0.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Critical Infrastructure Technologies stock overvalued right now?
Critical Infrastructure Technologies (CITLF) has a current Altman Z-Score of 1.21. The current Altman Z-Score is 1.21, which is 57% above median its 10-year median of 0.77 and 66.3% below the Hardware industry median of 3.59. Critical Infrastructure Technologies' overall GF Score™ is 32/100 with 6 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 Critical Infrastructure Technologies (CITLF), the current Altman Z-Score is 1.21 as of Jun. 29, 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.

Critical Infrastructure Technologies Business Description

Other Exchanges X9V:GermanyCTTT:Canada
Address 1066 West Hastings Street, Suite 2600, Vancouver, BC, CAN, V6E 3X1
Critical Infrastructure Technologies Ltd designs and develops products that provide rapidly deployable communications and power systems to support life and mission critical applications for sectors such as the military and emergency service sectors. The company's product set is a range of rapidly deployable, high-capacity communications platforms called the NEXUS 16 and CiNet. The NEXUS 16 is a fully integrated, high-capacity communications platform that can be quickly and safely transported to remote and hostile locations and be fully operational and transmitted in under 60 minutes. CiNet was built to support the Nexus products and provide seamless integration into the operator's own Network Management Systems.
32GF Score

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