Aquawalk Group BhdXKLS:0380 -2.63%17 Altman Z-Score is 2.90 as of Jul. 05, 2026, which is 32% below its 10-year median of 4.29. GuruFocus rates XKLS:0380 with a GF Score™ of 17/100. The stock has 2 warning signs investors should review. Among 837 Travel & Leisure companies, Aquawalk Group Bhd ranks better than 64.4% 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 2.9 is in the grey area. This implies that the company is under some kind of financial stress. If it is below 1.8, the company may face bankruptcy risk.
Aquawalk Group Bhd has a Altman Z-Score of 2.90, indicating it is in Grey Zones. This implies that Aquawalk Group Bhd is in some kind of financial stress. If it is below 1.81, the company may face bankrupcy risk.
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 Aquawalk Group Bhd's Altman Z-Score or its related term are showing as below:
XKLS:0380'
s Altman Z-Score Range Over the Past 10 Years
Min: 2.9 Med: 4.29 Max: 4.29
Current: 2.9
During the past 5 years, Aquawalk Group Bhd's highest Altman Z-Score was 4.29. The lowest was 2.90. And the median was 4.29.
Aquawalk Group Bhd (XKLS:0380) 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.
Altman Z-Score does not apply to financial companies.
Aquawalk Group Bhd Altman Z-Score Related Terms
Aquawalk Group Bhd Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Aquawalk Group Bhd'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.
XKLS:0380 vs AS, HAS, LTH: Altman Z-Score Comparison
For the Leisure subindustry, Aquawalk 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.
Aquawalk Group Bhd Altman Z-Score vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Aquawalk Group Bhd's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Aquawalk Group Bhd'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.
Aquawalk Group Bhd'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
*
0.3878
+
1.4
*
0.1427
+
3.3
*
0.1453
+
0.6
*
2.4332
+
1.0
*
0.2997
=
2.90
* 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.
Aquawalk Group Bhd (XKLS:0380) has a Altman Z-Score of 2.90 as of Jul. 05, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Aquawalk Group Bhd and its competitors. This is 32% below median its historical median of 4.29. Over the past decade, Aquawalk Group Bhd's Altman Z-Score has ranged from 2.90 to 4.29. According to the industry distribution chart, Aquawalk Group Bhd ranks #298 out of 837 companies in the Travel & Leisure industry, placing it in the top 35.6%.
Is Aquawalk Group Bhd's Altman Z-Score too high?
Aquawalk Group Bhd's current Altman Z-Score of 2.90 is 32% below median its 10-year median of 4.29. Over the past 10 years, this metric has ranged from a low of 2.90 to a high of 4.29. The Travel & Leisure industry median Altman Z-Score is 1.97. Aquawalk Group Bhd's value of 2.90 is 47.2% above this industry median. Based on the distribution chart, Aquawalk Group Bhd ranks #298 out of 837 companies in the Travel & Leisure industry, which is above the industry midpoint. Overall, Aquawalk Group Bhd has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Aquawalk Group Bhd's Altman Z-Score compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, Aquawalk Group Bhd ranks #298 out of 837 companies for Altman Z-Score. This puts Aquawalk Group Bhd in the upper half of its industry. The industry median Altman Z-Score is 1.97. Aquawalk Group Bhd's value of 2.90 is 47.2% above this benchmark. Historically, Aquawalk Group Bhd's own Altman Z-Score has ranged from 2.90 to 4.29 over the past decade. While the company's 10-year median is 4.29 vs. the industry median of 1.97, Aquawalk 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 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. Aquawalk Group Bhd's current Altman Z-Score of 2.90 is 47.2% 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 Aquawalk Group Bhd 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. Aquawalk Group Bhd's current Altman Z-Score is 2.90, which is 32% below median its own 10-year median of 4.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aquawalk Group Bhd stock overvalued right now?
Aquawalk Group Bhd (XKLS:0380) has a current Altman Z-Score of 2.90. The current Altman Z-Score is 2.90, which is 32% below median its 10-year median of 4.29 and 47.2% above the Travel & Leisure industry median of 1.97. Aquawalk Group Bhd's overall GF Score™ is 17/100 with 2 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 Aquawalk Group Bhd (XKLS:0380), the current Altman Z-Score is 2.90 as of Jul. 05, 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.
Aquawalk Group Bhd is an investment holding company. The principal activities are mainly involved in managing and operating aquariums, providing design services and construction of aquariums. The group has three reportable segments Aquawalk Malaysia, Aquawalk Thailand, and Others: Malaysia (non-aquarium business), Indonesia and Singapore. The company generates majority of revenue from Aquawalk Malaysia segment. The Group predominantly operates in Malaysia, Thailand and Indonesia. The company generates majority of revenue from Malaysia.
17GF Score
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