EMUS (Electric Metals) Altman Z-Score: N/A (As of Jun. 25, 2026)


EMUS Electric Metals (USA) Ltd EMUS
32 GF Score
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What is Electric Metals Altman Z-Score?

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.

Electric Metals has a Altman Z-Score of N/A, 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 Electric Metals's Altman Z-Score or its related term are showing as below:


Electric Metals  (OTCPK:EMUS) 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.


Electric Metals Altman Z-Score Related Terms


Electric Metals Altman Z-Score Historical Data

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The historical data trend for Electric Metals'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.

Electric Metals Altman Z-Score Chart

Electric Metals Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Altman Z-Score
0.00 0.00 0.00 0.00 0.00

Electric Metals Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

EMUS vs EXK: Altman Z-Score Comparison

For the Silver subindustry, Electric Metals'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.


Electric Metals Altman Z-Score vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Electric Metals's Altman Z-Score distribution charts can be found below:

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


EMUS
32GF Score
Electric Metals (USA) Ltd EMUS
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Electric Metals 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.

Electric Metals'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*0.3525+1.4*-1.212+3.3*0.0182+0.6*26.5345+1.0*0
=N/A

* 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 $13.92 Mil.
Total Current Assets was $5.95 Mil.
Total Current Liabilities was $1.04 Mil.
Retained Earnings was $-16.87 Mil.
Pre-Tax Income was -0.761 + 2.249 + -0.556 + -0.69 = $0.24 Mil.
Interest Expense was -0.003 + -0.001 + -0.003 + -0.004 = $-0.01 Mil.
Revenue was 0 + 0 + 0 + 0 = $0.00 Mil.
Market Cap (Today) was $27.70 Mil.
Total Liabilities was $1.04 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
=(5.952 - 1.044)/13.922
=0.3525

X2=Retained Earnings/Total Assets
=-16.873/13.922
=-1.212

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(0.242 - -0.011)/13.922
=0.0182

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=27.702/1.044
=26.5345

X5=Revenue/Total Assets
=0/13.922
=0

The zones of discrimination were as such:

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

Electric Metals has a Altman Z-Score of N/A 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.


Electric Metals Business Description

Other Exchanges 6Y0:GermanyEML:Canada
Address 109 West 13th Street, Wilmington, DE, USA, 19801
Electric Metals (USA) Ltd is a U.S.-based company focused on advancing critical mineral assets essential to the electrification of everything. Its flagship asset, the Emily manganese deposit, is located in Emily, Minnesota. The company also holds ownership of two Nevada silver projects: the Corcoran Silver project and the Belmont Silver project. It has one reportable operating segment, being the acquisition and exploration of interests in mineral properties. Geographically, the company has operations in three locations: Canada, the USA, and Australia. The majority of its revenue is generated from the USA.
32GF Score

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