Vertiqal Studios (TSX:VRTS) Altman Z-Score: -14.09 (As of Jun. 25, 2026)


What is Vertiqal Studios Altman Z-Score?

Vertiqal Studios TSX:VRTS Altman Z-Score is -14.09 as of Jun. 25, 2026. The stock has 7 warning signs investors should review. Among 550 Interactive Media companies, Vertiqal Studios ranks worse than 96.36% 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 -14.09 is in distress zone. This implies bankruptcy possibility in the next two years.

Vertiqal Studios has a Altman Z-Score of -14.09, 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 Vertiqal Studios's Altman Z-Score or its related term are showing as below:

TSX:VRTS' s Altman Z-Score Range Over the Past 10 Years
Min: -42.16   Med: -10.95   Max: 5.05
Current: -14.09

During the past 7 years, Vertiqal Studios's highest Altman Z-Score was 5.05. The lowest was -42.16. And the median was -10.95.


Vertiqal Studios  (TSX:VRTS) 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.


Vertiqal Studios Altman Z-Score Related Terms


Vertiqal Studios Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Vertiqal Studios'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.

Vertiqal Studios Altman Z-Score Chart

Vertiqal Studios Annual Data
Trend Nov19 Nov20 Dec21 Dec22 Dec23 Dec24 Dec25
Altman Z-Score
Get a 7-Day Free Trial 5.05 0.18 -34.83 -20.95 -12.77

Vertiqal Studios 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 -24.76 -26.76 -9.12 -12.77 -13.96

TSX:VRTS vs NTES, EA, TTWO: Altman Z-Score Comparison

For the Electronic Gaming & Multimedia subindustry, Vertiqal Studios'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.


Vertiqal Studios Altman Z-Score vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Vertiqal Studios's Altman Z-Score distribution charts can be found below:

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



Vertiqal Studios 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.

Vertiqal Studios'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*-1.4407+1.4*-7.2868+3.3*-0.891+0.6*0.4402+1.0*0.5195
=-14.09

* 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 C$11.26 Mil.
Total Current Assets was C$3.37 Mil.
Total Current Liabilities was C$19.59 Mil.
Retained Earnings was C$-82.06 Mil.
Pre-Tax Income was -1.142 + -5.199 + -3.03 + -0.542 = C$-9.91 Mil.
Interest Expense was -0.03 + 0.602 + -0.2 + -0.25 = C$0.12 Mil.
Revenue was 0.726 + 2.188 + 2.159 + 0.778 = C$5.85 Mil.
Market Cap (Today) was C$8.66 Mil.
Total Liabilities was C$19.67 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
=(3.368 - 19.593)/11.262
=-1.4407

X2=Retained Earnings/Total Assets
=-82.064/11.262
=-7.2868

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(-9.913 - 0.122)/11.262
=-0.891

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=8.660/19.673
=0.4402

X5=Revenue/Total Assets
=5.851/11.262
=0.5195

The zones of discrimination were as such:

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

Vertiqal Studios has a Altman Z-Score of -14.09 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 -14.09 mean?
Vertiqal Studios (TSX:VRTS) has a Altman Z-Score of -14.09 as of Jun. 25, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Vertiqal Studios and its competitors. According to the industry distribution chart, Vertiqal Studios ranks #530 out of 550 companies in the Interactive Media industry, placing it in the top 96.4%.
Is Vertiqal Studios' Altman Z-Score too high?
Vertiqal Studios' current Altman Z-Score is -14.09. Based on the distribution chart, Vertiqal Studios ranks #530 out of 550 companies in the Interactive Media industry, which is in the bottom quartile relative to peers.
How does Vertiqal Studios' Altman Z-Score compare to NTES and EA?
According to the Interactive Media industry distribution chart, Vertiqal Studios ranks #530 out of 550 companies for Altman Z-Score. This places Vertiqal Studios in the lower half of its industry. The industry median Altman Z-Score is 3.04. 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 Interactive Media company?
The median Altman Z-Score among Interactive Media companies is 3.04, based on 550 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 Vertiqal Studios and its competitors. For the Interactive Media industry, the median Altman Z-Score is 3.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vertiqal Studios's current Altman Z-Score is -14.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vertiqal Studios stock overvalued right now?
Based on GuruFocus' analysis, Vertiqal Studios (TSX:VRTS) is currently considered Possible Value Trap. The stock's GF Value™ is C$0.02, compared to a current price of C$0.01 — trading 50% below its estimated fair value. The current Altman Z-Score is -14.09. 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 Vertiqal Studios (TSX:VRTS), the current Altman Z-Score is -14.09 as of Jun. 25, 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.

Vertiqal Studios Business Description

Other Exchanges VERTF:USA
Address 441 King Street West, Unit 200, Toronto, ON, CAN, M5V 1K4
Vertiqal Studios Corp is a technology and entertainment company providing direct advertising services to brands over its social media channels, with future programmatic advertising services planned as well as plans to build and acquire assets to unite the Woeld'wide gaming community. The Company is engaged in a single business activity. The company has presence in Canada and United States. The company generates majority of revenue from Canada.