Zlatini Pyasatz (XBUL:ZLP) Altman Z-Score: 0.42 (As of Jul. 27, 2026) — 88% Below Median

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XBUL:ZLP Zlatini Pyasatz XBUL:ZLP
18 GF Score
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What is Zlatini Pyasatz Altman Z-Score?

Zlatini Pyasatz XBUL:ZLP 18 Altman Z-Score is 0.42 as of Jul. 27, 2026, which is 88% below its 10-year median of 3.36. GuruFocus rates XBUL:ZLP with a GF Score™ of 18/100. The stock has 7 warning signs investors should review. Among 837 Travel & Leisure companies, Zlatini Pyasatz ranks worse than 84.71% 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 0.42 is in distress zone. This implies bankruptcy possibility in the next two years.

Zlatini Pyasatz has a Altman Z-Score of 0.42, 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 Zlatini Pyasatz's Altman Z-Score or its related term are showing as below:

XBUL:ZLP' s Altman Z-Score Range Over the Past 10 Years
Min: 0.42   Med: 3.36   Max: 7.25
Current: 0.42

During the past 12 years, Zlatini Pyasatz's highest Altman Z-Score was 7.25. The lowest was 0.42. And the median was 3.36.


Zlatini Pyasatz  (XBUL:ZLP) 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.


Zlatini Pyasatz Altman Z-Score Related Terms


Zlatini Pyasatz Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Zlatini Pyasatz'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.

Zlatini Pyasatz Altman Z-Score Chart

Zlatini Pyasatz Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec18 Dec19 Dec20 Dec21
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.11 4.90 4.72 1.57 3.36

Zlatini Pyasatz Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Mar23 Jun23 Sep23 Mar24 Jun24 Sep24 Mar25 Jun25 Sep25 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 1.57 0.00 1.64 1.46 0.45

XBUL:ZLP vs LVS, MGM, WYNN: Altman Z-Score Comparison

For the Resorts & Casinos subindustry, Zlatini Pyasatz'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.


Zlatini Pyasatz Altman Z-Score vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Zlatini Pyasatz's Altman Z-Score distribution charts can be found below:

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


XBUL:ZLP
18GF Score
Zlatini Pyasatz XBUL:ZLP
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Zlatini Pyasatz 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.

Zlatini Pyasatz'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*0.2379+1.4*-0.3571+3.3*-0.0195+0.6*0.6596+1.0*0.3009
=0.42

* 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 €45.91 Mil.
Total Current Assets was €14.57 Mil.
Total Current Liabilities was €3.65 Mil.
Retained Earnings was €-16.40 Mil.
Pre-Tax Income was -1.881 + 2.361 + -0.396 + -1.169 = €-1.09 Mil.
Interest Expense was -0.041 + -0.063 + -0.044 + -0.043 = €-0.19 Mil.
Revenue was 0.888 + 8.586 + 3.406 + 0.936 = €13.82 Mil.
Market Cap (Today) was €4.22 Mil.
Total Liabilities was €6.40 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
=(14.572 - 3.652)/45.91
=0.2379

X2=Retained Earnings/Total Assets
=-16.395/45.91
=-0.3571

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(-1.085 - -0.191)/45.91
=-0.0195

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=4.221/6.399
=0.6596

X5=Revenue/Total Assets
=13.816/45.91
=0.3009

The zones of discrimination were as such:

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

Zlatini Pyasatz has a Altman Z-Score of 0.42 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 0.42 mean?
Zlatini Pyasatz (XBUL:ZLP) has a Altman Z-Score of 0.42 as of Jul. 27, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Zlatini Pyasatz and its competitors. This is 88% below median its historical median of 3.36. Over the past decade, Zlatini Pyasatz's Altman Z-Score has ranged from 0.42 to 7.25. According to the industry distribution chart, Zlatini Pyasatz ranks #709 out of 837 companies in the Travel & Leisure industry, placing it in the top 84.7%.
Is Zlatini Pyasatz's Altman Z-Score too high?
Zlatini Pyasatz's current Altman Z-Score of 0.42 is 88% below median its 10-year median of 3.36. Over the past 10 years, this metric has ranged from a low of 0.42 to a high of 7.25. The Travel & Leisure industry median Altman Z-Score is 1.97. Zlatini Pyasatz's value of 0.42 is 78.7% below this industry median. Based on the distribution chart, Zlatini Pyasatz ranks #709 out of 837 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, Zlatini Pyasatz has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Zlatini Pyasatz's Altman Z-Score compare to LVS and MGM?
According to the Travel & Leisure industry distribution chart, Zlatini Pyasatz ranks #709 out of 837 companies for Altman Z-Score. This places Zlatini Pyasatz in the lower half of its industry. The industry median Altman Z-Score is 1.97. Zlatini Pyasatz's value of 0.42 is 78.7% below this benchmark. Historically, Zlatini Pyasatz's own Altman Z-Score has ranged from 0.42 to 7.25 over the past decade. While the company's 10-year median is 3.36 vs. the industry median of 1.97, Zlatini Pyasatz 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 Travel & Leisure company?
The median Altman Z-Score among Travel & Leisure companies is 1.97, based on 837 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. Zlatini Pyasatz's current Altman Z-Score of 0.42 is 78.7% 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 Zlatini Pyasatz and its competitors. For the Travel & Leisure industry, the median Altman Z-Score is 1.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zlatini Pyasatz's current Altman Z-Score is 0.42, which is 88% below median its own 10-year median of 3.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zlatini Pyasatz stock overvalued right now?
Zlatini Pyasatz (XBUL:ZLP) has a current Altman Z-Score of 0.42. The current Altman Z-Score is 0.42, which is 88% below median its 10-year median of 3.36 and 78.7% below the Travel & Leisure industry median of 1.97. Zlatini Pyasatz's overall GF Score™ is 18/100 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 Zlatini Pyasatz (XBUL:ZLP), the current Altman Z-Score is 0.42 as of Jul. 27, 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.

Zlatini Pyasatz Business Description

Address 1 Krichim Street, 2nd Floor, Office 7, Sofia, BGR, 1407
Zlatini Pyasatz provides services and facilities for leisure, focusing on various hotel, dining and entertainment options; the management and maintenance of the resort infrastructure.
18GF Score

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