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Delixy HoldingsDLXY -10.64%17 Altman Z-Score is 11.73 as of Jul. 28, 2026, which is 2% below its 10-year median of 11.93. GuruFocus rates DLXY with a GF Score™ of 17/100. The stock has 1 warning sign investors should review. Among 898 Oil & Gas companies, Delixy Holdings ranks better than 96.21% 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 11.75 is strong.
Delixy Holdings has a Altman Z-Score of 11.73, 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.
The historical rank and industry rank for Delixy Holdings's Altman Z-Score or its related term are showing as below:
DLXY'
s Altman Z-Score Range Over the Past 10 Years
Min: 11.75 Med: 11.93 Max: 11.93
Current: 11.75
During the past 4 years, Delixy Holdings's highest Altman Z-Score was 11.93. The lowest was 11.75. And the median was 11.93.
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.
Altman Z-Score does not apply to financial companies.
Delixy Holdings Altman Z-Score Related Terms
Delixy Holdings Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Delixy 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.
DLXY vs MVO, OKMN, HGTXU: Altman Z-Score Comparison
For the Oil & Gas Refining & Marketing subindustry, Delixy 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.
Delixy Holdings Altman Z-Score vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Delixy Holdings's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Delixy Holdings's Altman Z-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.
Delixy 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
*
0.0035
+
1.4
*
-0.1547
+
3.3
*
-0.1737
+
0.6
*
0.2477
+
1.0
*
12.3653
=
11.73
* 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.
Delixy Holdings (DLXY) has a Altman Z-Score of 11.73 as of Jul. 28, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Delixy Holdings and its competitors. This is near median its historical median of 11.93. Over the past decade, Delixy Holdings' Altman Z-Score has ranged from 11.75 to 11.93. According to the industry distribution chart, Delixy Holdings ranks #34 out of 898 companies in the Oil & Gas industry, placing it in the top 3.8%.
Is Delixy Holdings' Altman Z-Score too high?
Delixy Holdings' current Altman Z-Score of 11.73 is near median its 10-year median of 11.93. Over the past 10 years, this metric has ranged from a low of 11.75 to a high of 11.93. The Oil & Gas industry median Altman Z-Score is 1.95. Delixy Holdings' value of 11.73 is 501.5% above this industry median. Based on the distribution chart, Delixy Holdings ranks #34 out of 898 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Delixy Holdings has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Delixy Holdings' Altman Z-Score compare to MVO and OKMN?
According to the Oil & Gas industry distribution chart, Delixy Holdings ranks #34 out of 898 companies for Altman Z-Score. This places Delixy Holdings in the top 4% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 1.95. Delixy Holdings' value of 11.73 is 501.5% above this benchmark. Historically, Delixy Holdings' own Altman Z-Score has ranged from 11.75 to 11.93 over the past decade. While the company's 10-year median is 11.93 vs. the industry median of 1.95, Delixy 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 Z-Score for an Oil & Gas company?
The median Altman Z-Score among Oil & Gas companies is 1.95, based on 898 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. Delixy Holdings's current Altman Z-Score of 11.73 is 501.5% 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 Delixy Holdings and its competitors. For the Oil & Gas industry, the median Altman Z-Score is 1.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Delixy Holdings's current Altman Z-Score is 11.73, which is near median its own 10-year median of 11.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Delixy Holdings stock overvalued right now?
Delixy Holdings (DLXY) has a current Altman Z-Score of 11.73. The current Altman Z-Score is 11.73, which is near median its 10-year median of 11.93 and 501.5% above the Oil & Gas industry median of 1.95. Delixy Holdings' overall GF Score™ is 17/100 with 1 warning sign 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 Delixy Holdings (DLXY), the current Altman Z-Score is 11.73 as of Jul. 28, 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.
Delixy Holdings Ltd a holding company. Through its subsidiary, it is principally engaged in the trading of oil-related products, which are broadly categorized into crude oil and oil-based products, including naphtha, motor gasoline, gas oil, fuel oil, asphalt, base oil, and other petrochemicals. These products are traded across multiple countries in Southeast Asia, East Asia, and the Middle East, and the Group has established a presence in the oil trading markets in these countries. The majority of the Group's revenue is generated from the trading of crude oil. Geographically, it derives maximum revenue from its business in East Asia.
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