What is Solar District Cooling Group Bhd Altman Z-Score?
Solar District Cooling Group BhdXKLS:0321 +0.71%48 Altman Z-Score is 35.72 as of Jul. 04, 2026, which is 10% below its 10-year median of 39.69. GuruFocus rates XKLS:0321 with a GF Score™ of 48/100. The stock has 7 warning signs investors should review. Among 1,060 Business Services companies, Solar District Cooling Group Bhd ranks better than 98.11% 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.
Good Sign:
Altman Z-score of 35.24 is strong.
Solar District Cooling Group Bhd has a Altman Z-Score of 35.72, 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 Solar District Cooling Group Bhd's Altman Z-Score or its related term are showing as below:
XKLS:0321'
s Altman Z-Score Range Over the Past 10 Years
Min: 26.85 Med: 39.69 Max: 78.5
Current: 35.24
During the past 6 years, Solar District Cooling Group Bhd's highest Altman Z-Score was 78.50. The lowest was 26.85. And the median was 39.69.
Solar District Cooling Group Bhd (XKLS:0321) 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.
Solar District Cooling Group Bhd Altman Z-Score Chart
XKLS:0321 vs CTAS, CPRT, ULS: Altman Z-Score Comparison
For the Specialty Business Services subindustry, Solar District Cooling Group 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.
Solar District Cooling Group Bhd Altman Z-Score vs Business Services Industry
For the Business Services industry and Industrials sector, Solar District Cooling Group Bhd's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Solar District Cooling Group Bhd's Altman Z-Score falls into.
Solar District Cooling Group 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.
Solar District Cooling Group Bhd (XKLS:0321) has a Altman Z-Score of 35.72 as of Jul. 04, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Solar District Cooling Group Bhd and its competitors. This is 10% below median its historical median of 39.69. Over the past decade, Solar District Cooling Group Bhd's Altman Z-Score has ranged from 26.85 to 78.50. According to the industry distribution chart, Solar District Cooling Group Bhd ranks #20 out of 1060 companies in the Business Services industry, placing it in the top 1.9%.
Is Solar District Cooling Group Bhd's Altman Z-Score too high?
Solar District Cooling Group Bhd's current Altman Z-Score of 35.72 is 10% below median its 10-year median of 39.69. Over the past 10 years, this metric has ranged from a low of 26.85 to a high of 78.50. The Business Services industry median Altman Z-Score is 2.97. Solar District Cooling Group Bhd's value of 35.72 is 1104.7% above this industry median. Based on the distribution chart, Solar District Cooling Group Bhd ranks #20 out of 1060 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. Overall, Solar District Cooling Group Bhd has a GF Score™ of 48/100, reflecting its overall financial health beyond just this single metric.
How does Solar District Cooling Group Bhd's Altman Z-Score compare to CTAS and CPRT?
According to the Business Services industry distribution chart, Solar District Cooling Group Bhd ranks #20 out of 1060 companies for Altman Z-Score. This places Solar District Cooling Group Bhd in the top 2% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.97. Solar District Cooling Group Bhd's value of 35.72 is 1104.7% above this benchmark. Historically, Solar District Cooling Group Bhd's own Altman Z-Score has ranged from 26.85 to 78.50 over the past decade. While the company's 10-year median is 39.69 vs. the industry median of 2.97, Solar District Cooling Group 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 Business Services company?
The median Altman Z-Score among Business Services companies is 2.97, based on 1,060 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. Solar District Cooling Group Bhd's current Altman Z-Score of 35.72 is 1104.7% 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 Solar District Cooling Group Bhd and its competitors. For the Business Services industry, the median Altman Z-Score is 2.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Solar District Cooling Group Bhd's current Altman Z-Score is 35.72, which is 10% below median its own 10-year median of 39.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Solar District Cooling Group Bhd stock overvalued right now?
Solar District Cooling Group Bhd (XKLS:0321) has a current Altman Z-Score of 35.72. The current Altman Z-Score is 35.72, which is 10% below median its 10-year median of 39.69 and 1104.7% above the Business Services industry median of 2.97. Solar District Cooling Group Bhd's overall GF Score™ is 48/100 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 Solar District Cooling Group Bhd (XKLS:0321), the current Altman Z-Score is 35.72 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.
Solar District Cooling Group Bhd Business Description
Solar District Cooling Group Bhd is principally involved in the provision and maintenance of Building Management Systems (BMS), solar thermal systems, energy saving systems and other energy services. The company specialises in the maintenance of gas-fired chillers, ensuring reliable and efficient cooling solutions. Its wholly-owned subsidiary is principally involved in mechanical and electrical works, and project management services. The segments of the company are Building Management Systems, Solar Thermal Systems & Energy Saving Services, and Maintenance of Other Systems and Equipment. Out of three segments, BMS segment generates key revenue and with focus on Malaysia, Singapore and Brunei markets.
48GF Score
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