Secure Waste InfrastructureTSX:SES -1.67%50 Altman Z-Score is 1.54 as of Jun. 29, 2026, which is 40% below its 10-year median of 2.58. GuruFocus rates TSX:SES with a GF Score™ of 50/100. The stock has 7 warning signs investors should review. Among 238 Waste Management companies, Secure Waste Infrastructure ranks worse than 59.24% 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 1.54 is in distress zone. This implies bankruptcy possibility in the next two years.
Secure Waste Infrastructure has a Altman Z-Score of 1.54, 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 Secure Waste Infrastructure's Altman Z-Score or its related term are showing as below:
TSX:SES'
s Altman Z-Score Range Over the Past 10 Years
Min: 1.08 Med: 2.58 Max: 7.6
Current: 1.54
During the past 13 years, Secure Waste Infrastructure's highest Altman Z-Score was 7.60. The lowest was 1.08. And the median was 2.58.
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.
TSX:SES vs WM, RSG, WCN: Altman Z-Score Comparison
For the Waste Management subindustry, Secure Waste Infrastructure'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.
Secure Waste Infrastructure Altman Z-Score vs Waste Management Industry
For the Waste Management industry and Industrials sector, Secure Waste Infrastructure's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Secure Waste Infrastructure'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.
* 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.
Secure Waste Infrastructure (TSX:SES) has a Altman Z-Score of 1.54 as of Jun. 29, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Secure Waste Infrastructure and its competitors. This is 40% below median its historical median of 2.58. Over the past decade, Secure Waste Infrastructure's Altman Z-Score has ranged from 1.08 to 7.60. According to the industry distribution chart, Secure Waste Infrastructure ranks #141 out of 238 companies in the Waste Management industry, placing it in the top 59.2%.
Is Secure Waste Infrastructure's Altman Z-Score too high?
Secure Waste Infrastructure's current Altman Z-Score of 1.54 is 40% below median its 10-year median of 2.58. Over the past 10 years, this metric has ranged from a low of 1.08 to a high of 7.60. The Waste Management industry median Altman Z-Score is 2.00. Secure Waste Infrastructure's value of 1.54 is 23% below this industry median. Based on the distribution chart, Secure Waste Infrastructure ranks #141 out of 238 companies in the Waste Management industry, which is below the industry midpoint. Overall, Secure Waste Infrastructure has a GF Score™ of 50/100, reflecting its overall financial health beyond just this single metric.
How does Secure Waste Infrastructure's Altman Z-Score compare to WM and RSG?
According to the Waste Management industry distribution chart, Secure Waste Infrastructure ranks #141 out of 238 companies for Altman Z-Score. This places Secure Waste Infrastructure in the lower half of its industry. The industry median Altman Z-Score is 2.00. Secure Waste Infrastructure's value of 1.54 is 23% below this benchmark. Historically, Secure Waste Infrastructure's own Altman Z-Score has ranged from 1.08 to 7.60 over the past decade. While the company's 10-year median is 2.58 vs. the industry median of 2.00, Secure Waste Infrastructure 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 Waste Management company?
The median Altman Z-Score among Waste Management companies is 2.00, based on 238 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. Secure Waste Infrastructure's current Altman Z-Score of 1.54 is 23% 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 Secure Waste Infrastructure and its competitors. For the Waste Management industry, the median Altman Z-Score is 2.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Secure Waste Infrastructure's current Altman Z-Score is 1.54, which is 40% below median its own 10-year median of 2.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Secure Waste Infrastructure stock overvalued right now?
Secure Waste Infrastructure (TSX:SES) has a current Altman Z-Score of 1.54. The current Altman Z-Score is 1.54, which is 40% below median its 10-year median of 2.58 and 23% below the Waste Management industry median of 2.00. Secure Waste Infrastructure's overall GF Score™ is 50/100 with 7 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 Secure Waste Infrastructure (TSX:SES), the current Altman Z-Score is 1.54 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.
Secure Waste Infrastructure Corp operates in waste management and energy infrastructure business. The company operates in two segments: Waste Management, and Energy Infrastructure. The activities of the company include buying and selling crude oil and natural gas liquid products, capturing location, and other related activities. It generates the majority of its revenue from the Waste Management segment which includes a network of waste processing facilities, produced water pipelines, industrial landfills, and others. Energy Infrastructure includes a network of crude oil gathering pipelines, terminals, and storage facilities.
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