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.
Canadian Large Cap Leaders Split has a Altman Z-Score of 2.49, indicating it is in Grey Zones. This implies that Canadian Large Cap Leaders Split is in some kind of financial stress. If it is below 1.81, the company may face bankrupcy risk.
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 Canadian Large Cap Leaders Split's Altman Z-Score or its related term are showing as below:
Canadian Large Cap Leaders Split (TSX:NPS) 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.
Canadian Large Cap Leaders Split Altman Z-Score Chart
Canadian Large Cap Leaders Split Annual Data
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Canadian Large Cap Leaders Split Semi-Annual Data
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TSX:NPS vs BLK, BX, KKR: Altman Z-Score Comparison
For the Asset Management subindustry, Canadian Large Cap Leaders Split'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.
Canadian Large Cap Leaders Split Altman Z-Score vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Canadian Large Cap Leaders Split's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Canadian Large Cap Leaders Split's Altman Z-Score falls into.
Canadian Large Cap Leaders Split 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.
Canadian Large Cap Leaders Split (TSX:NPS) has a Altman Z-Score of 2.49 as of Jun. 30, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Canadian Large Cap Leaders Split and its competitors. According to the industry distribution chart, Canadian Large Cap Leaders Split ranks #999999 out of 648 companies in the Asset Management industry.
Is Canadian Large Cap Leaders Split's Altman Z-Score too high?
Canadian Large Cap Leaders Split's current Altman Z-Score is 2.49. The Asset Management industry median Altman Z-Score is 3.50. Canadian Large Cap Leaders Split's value of 2.49 is 28.8% below this industry median. Based on the distribution chart, Canadian Large Cap Leaders Split ranks #999999 out of 648 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Canadian Large Cap Leaders Split has a GF Score™ of 22/100, reflecting its overall financial health beyond just this single metric.
How does Canadian Large Cap Leaders Split's Altman Z-Score compare to BLK and BX?
According to the Asset Management industry distribution chart, Canadian Large Cap Leaders Split ranks #999999 out of 648 companies for Altman Z-Score. This places Canadian Large Cap Leaders Split in the lower half of its industry. The industry median Altman Z-Score is 3.50. Canadian Large Cap Leaders Split's value of 2.49 is 28.8% below this benchmark. 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 Asset Management company?
The median Altman Z-Score among Asset Management companies is 3.50, based on 648 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. Canadian Large Cap Leaders Split's current Altman Z-Score of 2.49 is 28.8% 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 Canadian Large Cap Leaders Split and its competitors. For the Asset Management industry, the median Altman Z-Score is 3.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Canadian Large Cap Leaders Split's current Altman Z-Score is 2.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Canadian Large Cap Leaders Split stock overvalued right now?
Canadian Large Cap Leaders Split (TSX:NPS) has a current Altman Z-Score of 2.49. The current Altman Z-Score is 2.49 and 28.8% below the Asset Management industry median of 3.50. Canadian Large Cap Leaders Split's overall GF Score™ is 22/100 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 Canadian Large Cap Leaders Split (TSX:NPS), the current Altman Z-Score is 2.49 as of Jun. 30, 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.
Canadian Large Cap Leaders Split Business Description
Canadian Large Cap Leaders Split Corp is a mutual fund corporation. The company will be amended prior to closing to create the Preferred Shares and the Class A Shares. The investment objectives for the Preferred Shares are to provide their holders with fixed cumulative preferential quarterly cash distributions and the investment objectives for the Class A Shares are to provide their holders with regular monthly noncumulative cash distributions.
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