CN Asia BhdXKLS:7986 Altman Z-Score is 0.23 as of Jul. 03, 2026, which is 93% below its 10-year median of 3.44. The stock has 7 warning signs investors should review. Among 3,007 Industrial Products companies, CN Asia Bhd ranks worse than 93.15% 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 0.23 is in distress zone. This implies bankruptcy possibility in the next two years.
CN Asia Bhd has a Altman Z-Score of 0.23, 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 CN Asia Bhd's Altman Z-Score or its related term are showing as below:
XKLS:7986'
s Altman Z-Score Range Over the Past 10 Years
Min: -1.52 Med: 3.44 Max: 9.47
Current: 0.23
During the past 13 years, CN Asia Bhd's highest Altman Z-Score was 9.47. The lowest was -1.52. And the median was 3.44.
CN Asia Bhd (XKLS:7986) 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.
CN Asia Bhd Altman Z-Score Related Terms
CN Asia Bhd Altman Z-Score Historical Data
* Premium members only.
The historical data trend for CN Asia 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:7986 vs GEV, ETN, PH: Altman Z-Score Comparison
For the Specialty Industrial Machinery subindustry, CN Asia 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.
CN Asia Bhd Altman Z-Score vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, CN Asia Bhd's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where CN Asia 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.
CN Asia 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
*
0.3576
+
1.4
*
-0.4838
+
3.3
*
-0.2575
+
0.6
*
0.9898
+
1.0
*
0.7374
=
0.23
* 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.
CN Asia Bhd (XKLS:7986) has a Altman Z-Score of 0.23 as of Jul. 03, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on CN Asia Bhd and its competitors. This is 93% below median its historical median of 3.44. According to the industry distribution chart, CN Asia Bhd ranks #2801 out of 3007 companies in the Industrial Products industry, placing it in the top 93.1%.
Is CN Asia Bhd's Altman Z-Score too high?
CN Asia Bhd's current Altman Z-Score of 0.23 is 93% below median its 10-year median of 3.44. The Industrial Products industry median Altman Z-Score is 3.35. CN Asia Bhd's value of 0.23 is 93.1% below this industry median. Based on the distribution chart, CN Asia Bhd ranks #2801 out of 3007 companies in the Industrial Products industry, which is in the bottom quartile relative to peers.
How does CN Asia Bhd's Altman Z-Score compare to GEV and ETN?
According to the Industrial Products industry distribution chart, CN Asia Bhd ranks #2801 out of 3007 companies for Altman Z-Score. This places CN Asia Bhd in the lower half of its industry. The industry median Altman Z-Score is 3.35. CN Asia Bhd's value of 0.23 is 93.1% below this benchmark. While the company's 10-year median is 3.44 vs. the industry median of 3.35, CN Asia Bhd 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 an Industrial Products company?
The median Altman Z-Score among Industrial Products companies is 3.35, based on 3,007 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. CN Asia Bhd's current Altman Z-Score of 0.23 is 93.1% 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 CN Asia Bhd and its competitors. For the Industrial Products industry, the median Altman Z-Score is 3.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CN Asia Bhd's current Altman Z-Score is 0.23, which is 93% below median its own 10-year median of 3.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CN Asia Bhd stock overvalued right now?
Based on GuruFocus' analysis, CN Asia Bhd (XKLS:7986) is currently considered Possible Value Trap. The stock's GF Value™ is RM0.23, compared to a current price of RM0.07 — trading 71.7% below its estimated fair value. The current Altman Z-Score is 0.23, which is 93% below median its 10-year median of 3.44 and 93.1% below the Industrial Products industry median of 3.35. 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 CN Asia Bhd (XKLS:7986), the current Altman Z-Score is 0.23 as of Jul. 03, 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.
CN Asia Corp Bhd is an investment holding company. Along with its subsidiaries, it is principally involved in the manufacturing and trading of underground and skid tanks, dish ends, pressure vessels, road tankers, pipings for the petroleum industry, specialised engineering and fabrication works, and operating as sub-contractors for civil engineering works. The group's operating business segments are: Manufacturing, Investment, Financial Services, and Energy Management. The majority of its revenue is generated from the Manufacturing segment, which manufactures tanks and other related products, and is involved in engineering and fabrication works. Geographically, the group generates maximum revenue from Malaysia, followed by Hong Kong, Singapore, Brunei, and the Philippines.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
XKLS:7986 has been successfully added to your 