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.
Good Sign:
Altman Z-score of 11.93 is strong.
Croesus IT Holdings Sdn Bhd has a Altman Z-Score of 11.93, indicating it is in Safe Zones. This implies the Altman Z-Score is strong.
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 Croesus IT Holdings Sdn Bhd's Altman Z-Score or its related term are showing as below:
XKLS:03066'
s Altman Z-Score Range Over the Past 10 Years
Min: 11.21 Med: 11.21 Max: 11.93
Current: 11.93
During the past 3 years, Croesus IT Holdings Sdn Bhd's highest Altman Z-Score was 11.93. The lowest was 11.21. And the median was 11.21.
Croesus IT Holdings Sdn Bhd (XKLS:03066) 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.
Croesus IT Holdings Sdn Bhd Altman Z-Score Chart
Croesus IT Holdings Sdn Bhd Annual Data
Trend
Dec23
Dec24
Dec25
Altman Z-Score
0.00
0.00
11.21
Croesus IT Holdings Sdn Bhd Semi-Annual Data
Dec23
Jun24
Dec24
Jun25
Dec25
Altman Z-Score
0.00
0.00
0.00
0.00
11.21
XKLS:03066 vs IBM, ACN, FISV: Altman Z-Score Comparison
For the Information Technology Services subindustry, Croesus IT Holdings Sdn Bhd'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.
Croesus IT Holdings Sdn Bhd Altman Z-Score vs Software Industry
For the Software industry and Technology sector, Croesus IT Holdings Sdn Bhd's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Croesus IT Holdings Sdn Bhd's Altman Z-Score falls into.
Croesus IT Holdings Sdn Bhd 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.
Croesus IT Holdings Sdn Bhd (XKLS:03066) has a Altman Z-Score of 11.93 as of Jul. 04, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Croesus IT Holdings Sdn Bhd and its competitors. This is near median its historical median of 11.21. Over the past decade, Croesus IT Holdings Sdn Bhd's Altman Z-Score has ranged from 11.21 to 11.93.
Is Croesus IT Holdings Sdn Bhd's Altman Z-Score too high?
Croesus IT Holdings Sdn Bhd's current Altman Z-Score of 11.93 is near median its 10-year median of 11.21. Over the past 10 years, this metric has ranged from a low of 11.21 to a high of 11.93. The Software industry median Altman Z-Score is 3.11. Croesus IT Holdings Sdn Bhd's value of 11.93 is 283.6% above this industry median. Overall, Croesus IT Holdings Sdn Bhd has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does Croesus IT Holdings Sdn Bhd's Altman Z-Score compare to IBM and ACN?
Croesus IT Holdings Sdn Bhd's Altman Z-Score of 11.93 can be compared against companies in the Software industry. The industry median Altman Z-Score is 3.11. Croesus IT Holdings Sdn Bhd's value of 11.93 is 283.6% above this benchmark. Historically, Croesus IT Holdings Sdn Bhd's own Altman Z-Score has ranged from 11.21 to 11.93 over the past decade. While the company's 10-year median is 11.21 vs. the industry median of 3.11, Croesus IT Holdings Sdn Bhd has consistently been above 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 Software company?
The median Altman Z-Score among Software companies is 3.11, based on 2,766 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. Croesus IT Holdings Sdn Bhd's current Altman Z-Score of 11.93 is 283.6% above 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 Croesus IT Holdings Sdn Bhd and its competitors. For the Software industry, the median Altman Z-Score is 3.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Croesus IT Holdings Sdn Bhd's current Altman Z-Score is 11.93, which is near median its own 10-year median of 11.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Croesus IT Holdings Sdn Bhd stock overvalued right now?
Croesus IT Holdings Sdn Bhd (XKLS:03066) has a current Altman Z-Score of 11.93. The current Altman Z-Score is 11.93, which is near median its 10-year median of 11.21 and 283.6% above the Software industry median of 3.11. Croesus IT Holdings Sdn Bhd's overall GF Score™ is 19/100 with 5 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 Croesus IT Holdings Sdn Bhd (XKLS:03066), the current Altman Z-Score is 11.93 as of Jul. 04, 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.
Croesus IT Holdings Sdn Bhd is an investment holding company. The company, along with its subsidiaries, provides enterprise software solutions offering third party and proprietary enterprise software solutions, including software licensing, software customisation and maintenance, as well as providing a supply of hardware, hardware hosting and support. It derives the majority of its revenue from Professional services, which include IT consulting, training, system integration, software customisation and upgrade as well as software implementation of third party or proprietary enterprise software solutions. Geographically, the company generates the maximum revenue from Malaysia.
19GF Score
Get the complete analysis for XKLS:03066
Altman Z-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
XKLS:03066 has been successfully added to your 