The Mauritius Development Investment Trust Co (XMAU:MDIT) Altman Z-Score: 1.86 (As of Jul. 21, 2026) — 74% Below Median

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XMAU:MDIT The Mauritius Development Investment Trust Co Ltd XMAU:MDIT
93 GF Score
Price MUR2.05
GF Value MUR2.95
Valuation Possible Value Trap
! 7 Warning Signs
View Full Analysis

What is The Mauritius Development Investment Trust Co Altman Z-Score?

The Mauritius Development Investment Trust Co XMAU:MDIT 93 Altman Z-Score is 1.86 as of Jul. 21, 2026, which is 74% below its 10-year median of 7.22. GuruFocus rates XMAU:MDIT with a GF Score™ of 93/100 and a GF Value™ of MUR2.95 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 650 Asset Management companies, The Mauritius Development Investment Trust Co ranks worse than 65.54% 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 1.86 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.

The Mauritius Development Investment Trust Co has a Altman Z-Score of 1.86, indicating it is in Grey Zones. This implies that The Mauritius Development Investment Trust Co 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 The Mauritius Development Investment Trust Co's Altman Z-Score or its related term are showing as below:

XMAU:MDIT' s Altman Z-Score Range Over the Past 10 Years
Min: 1.86   Med: 7.22   Max: 26.73
Current: 1.86

During the past 13 years, The Mauritius Development Investment Trust Co's highest Altman Z-Score was 26.73. The lowest was 1.86. And the median was 7.22.


The Mauritius Development Investment Trust Co  (XMAU:MDIT) 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.


The Mauritius Development Investment Trust Co Altman Z-Score Related Terms


The Mauritius Development Investment Trust Co Altman Z-Score Historical Data

* Premium members only.

The historical data trend for The Mauritius Development Investment Trust Co'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.

The Mauritius Development Investment Trust Co Altman Z-Score Chart

The Mauritius Development Investment Trust Co Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.37 8.01 6.22 5.31 4.67

The Mauritius Development Investment Trust Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 4.66 4.93 4.67 2.23 1.90

XMAU:MDIT vs BLK, BX, KKR: Altman Z-Score Comparison

For the Asset Management subindustry, The Mauritius Development Investment Trust Co'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.


The Mauritius Development Investment Trust Co Altman Z-Score vs Asset Management Industry

For the Asset Management industry and Financial Services sector, The Mauritius Development Investment Trust Co's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where The Mauritius Development Investment Trust Co's Altman Z-Score falls into.


XMAU:MDIT
93GF Score
The Mauritius Development Investment Trust Co Ltd XMAU:MDIT
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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The Mauritius Development Investment Trust Co 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.

The Mauritius Development Investment Trust Co'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*-0.1335+1.4*0+3.3*0.1076+0.6*2.6665+1.0*0.0612
=1.86

* 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 Dec. 2025:
Total Assets was MUR2,075.7 Mil.
Total Current Assets was MUR48.4 Mil.
Total Current Liabilities was MUR325.5 Mil.
Retained Earnings was MUR0.0 Mil.
Pre-Tax Income was -21.344 + 135.055 + 86.345 + 23.337 = MUR223.4 Mil.
Interest Expense was 0 + 0 + 0 + 0 = MUR0.0 Mil.
Revenue was 46.251 + 21.215 + 45.073 + 14.593 = MUR127.1 Mil.
Market Cap (Today) was MUR867.9 Mil.
Total Liabilities was MUR325.5 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
=(48.413 - 325.495)/2075.656
=-0.1335

X2=Retained Earnings/Total Assets
=0/2075.656
=0

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(223.393 - 0)/2075.656
=0.1076

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=867.944/325.495
=2.6665

X5=Revenue/Total Assets
=127.132/2075.656
=0.0612

The zones of discrimination were as such:

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

The Mauritius Development Investment Trust Co has a Altman Z-Score of 1.86 indicating it is in Grey 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 1.86 mean?
The Mauritius Development Investment Trust Co (XMAU:MDIT) has a Altman Z-Score of 1.86 as of Jul. 21, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on The Mauritius Development Investment Trust Co and its competitors. This is 74% below median its historical median of 7.22. Over the past decade, The Mauritius Development Investment Trust Co's Altman Z-Score has ranged from 1.86 to 26.73. According to the industry distribution chart, The Mauritius Development Investment Trust Co ranks #426 out of 650 companies in the Asset Management industry, placing it in the top 65.5%.
Is The Mauritius Development Investment Trust Co's Altman Z-Score too high?
The Mauritius Development Investment Trust Co's current Altman Z-Score of 1.86 is 74% below median its 10-year median of 7.22. Over the past 10 years, this metric has ranged from a low of 1.86 to a high of 26.73. The Asset Management industry median Altman Z-Score is 3.49. The Mauritius Development Investment Trust Co's value of 1.86 is 46.7% below this industry median. Based on the distribution chart, The Mauritius Development Investment Trust Co ranks #426 out of 650 companies in the Asset Management industry, which is below the industry midpoint. Overall, The Mauritius Development Investment Trust Co has a GF Score™ of 93/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does The Mauritius Development Investment Trust Co's Altman Z-Score compare to BLK and BX?
According to the Asset Management industry distribution chart, The Mauritius Development Investment Trust Co ranks #426 out of 650 companies for Altman Z-Score. This places The Mauritius Development Investment Trust Co in the lower half of its industry. The industry median Altman Z-Score is 3.49. The Mauritius Development Investment Trust Co's value of 1.86 is 46.7% below this benchmark. Historically, The Mauritius Development Investment Trust Co's own Altman Z-Score has ranged from 1.86 to 26.73 over the past decade. While the company's 10-year median is 7.22 vs. the industry median of 3.49, The Mauritius Development Investment Trust Co 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 Asset Management company?
The median Altman Z-Score among Asset Management companies is 3.49, based on 650 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. The Mauritius Development Investment Trust Co's current Altman Z-Score of 1.86 is 46.7% 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 The Mauritius Development Investment Trust Co and its competitors. For the Asset Management industry, the median Altman Z-Score is 3.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. The Mauritius Development Investment Trust Co's current Altman Z-Score is 1.86, which is 74% below median its own 10-year median of 7.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Mauritius Development Investment Trust Co stock overvalued right now?
Based on GuruFocus' analysis, The Mauritius Development Investment Trust Co (XMAU:MDIT) is currently considered Possible Value Trap. The stock's GF Value™ is MUR2.95, compared to a current price of MUR2.05 — trading 30.5% below its estimated fair value. The current Altman Z-Score is 1.86, which is 74% below median its 10-year median of 7.22 and 46.7% below the Asset Management industry median of 3.49. The Mauritius Development Investment Trust Co's overall GF Score™ is 93/100 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 The Mauritius Development Investment Trust Co (XMAU:MDIT), the current Altman Z-Score is 1.86 as of Jul. 21, 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.

Is The Mauritius Development Investment Trust Co (XMAU:MDIT) Overvalued in 2026?

Based on GuruFocus' analysis, The Mauritius Development Investment Trust Co stock appears to be undervalued. The current stock price of MUR2.05 is trading 30.5% below its estimated GF Value™ of MUR2.95. GuruFocus considers The Mauritius Development Investment Trust Co to be Possible Value Trap.

Key valuation signals for XMAU:MDIT:

  • Altman Z-Score: 1.86 (74% below median its 10-year median of 7.22)
  • GF Value™: MUR2.95 vs. price of MUR2.05 (30.5% below fair value)
  • GF Score™: 93/100 with 7 warning signs
  • Industry Position: 46.7% below the Asset Management median (#426 of 650)

No single metric tells the full story. See the XMAU:MDIT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


The Mauritius Development Investment Trust Co Business Description

Address 206 The Catalyst, 40 Silicon Avenue, Ebene, MUS, 72201
The Mauritius Development Investment Trust Co Ltd is an investment trust and a closed-end fund. Its investment objective is to secure for investors the benefits of a market-related dividend yield as well as long-term capital appreciation. The company is organized into one main operating segment, which invests in quoted and unquoted securities in both local and overseas markets. It operates in Mauritius, Europe, the United Kingdom, the United States, Canada, Asia, and South Africa, from which it derives the majority of its revenue from Mauritius.
93GF Score

Get the complete analysis for XMAU:MDIT

Altman Z-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MUR2.05
Price
MUR2.95
GF Value