CRKN (Crown ElectroKinetics) Altman Z-Score: -6.05 (As of Jul. 24, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

What is Crown ElectroKinetics Altman Z-Score?

Crown ElectroKinetics CRKN Altman Z-Score is -6.05 as of Jul. 24, 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.

Crown ElectroKinetics has a Altman Z-Score of -6.05, 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 Crown ElectroKinetics's Altman Z-Score or its related term are showing as below:


Crown ElectroKinetics  (OTCPK:CRKN) 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.


Crown ElectroKinetics Altman Z-Score Related Terms


Crown ElectroKinetics Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Crown ElectroKinetics'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.

Crown ElectroKinetics Altman Z-Score Chart

Crown ElectroKinetics Annual Data
Trend Mar19 Mar20 Mar21 Dec22 Dec23 Dec24
Altman Z-Score
Get a 7-Day Free Trial 0.00 0.00 0.00 -23.78 -6.29

Crown ElectroKinetics Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only -27.78 -12.54 -12.94 -6.29 -5.68

CRKN vs HGAS, ILDO, VRSRF: Altman Z-Score Comparison

For the Specialty Chemicals subindustry, Crown ElectroKinetics'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.


Crown ElectroKinetics Altman Z-Score vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Crown ElectroKinetics's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Crown ElectroKinetics's Altman Z-Score falls into.



Crown ElectroKinetics 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.

Crown ElectroKinetics'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*0.5792+1.4*-3.5098+3.3*-0.7101+0.6*0.0151+1.0*0.5011
=-6.05

* 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. 2025:
Total Assets was $43.49 Mil.
Total Current Assets was $31.31 Mil.
Total Current Liabilities was $6.13 Mil.
Retained Earnings was $-152.63 Mil.
Pre-Tax Income was -9.684 + -10.441 + -5.864 + -5.029 = $-31.02 Mil.
Interest Expense was 0 + 0.007 + 0 + -0.145 = $-0.14 Mil.
Revenue was 2.772 + 6.334 + 8.037 + 4.648 = $21.79 Mil.
Market Cap (Today) was $0.12 Mil.
Total Liabilities was $7.61 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
=(31.313 - 6.125)/43.486
=0.5792

X2=Retained Earnings/Total Assets
=-152.625/43.486
=-3.5098

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(-31.018 - -0.138)/43.486
=-0.7101

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=0.115/7.61
=0.0151

X5=Revenue/Total Assets
=21.791/43.486
=0.5011

The zones of discrimination were as such:

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

Crown ElectroKinetics has a Altman Z-Score of -6.05 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 -6.05 mean?
Crown ElectroKinetics (CRKN) has a Altman Z-Score of -6.05 as of Jul. 24, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Crown ElectroKinetics and its competitors.
Is Crown ElectroKinetics' Altman Z-Score too high?
Crown ElectroKinetics' current Altman Z-Score is -6.05.
How does Crown ElectroKinetics' Altman Z-Score compare to HGAS and ILDO?
Crown ElectroKinetics' Altman Z-Score of -6.05 can be compared against companies in the Chemicals industry. The industry median Altman Z-Score is 3.05. 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 Chemicals company?
The median Altman Z-Score among Chemicals companies is 3.05, based on 1,561 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 Crown ElectroKinetics and its competitors. For the Chemicals industry, the median Altman Z-Score is 3.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Crown ElectroKinetics's current Altman Z-Score is -6.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Crown ElectroKinetics stock overvalued right now?
Crown ElectroKinetics (CRKN) has a current Altman Z-Score of -6.05. The current Altman Z-Score is -6.05. 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 Crown ElectroKinetics (CRKN), the current Altman Z-Score is -6.05 as of Jul. 24, 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.

Crown ElectroKinetics Business Description

Address 1110 NE Circle Boulevard, Corvallis, OR, USA, 97330
Crown ElectroKinetics Corp is a provider of DynamicTint. The company's technology allows any glass surface to transition between clear and dark in seconds. DynamicTint allows windows to transition from transparent to black. With applications to a wide array of windows, including commercial buildings, automotive sunroofs, and residential skylights, Crown partners with glass and film manufacturers for mass production and distribution. Its technology is a thin film that is powered by an electrically-charged pigment which not only replaces common window tints but is also a more sustainable alternative to traditional window treatments. It is supported by a robust patent portfolio.