BASANITE, INC. Altman Z-Score
BASA|Modified Z-Score (book value) based on FY2018 data
BASANITE, INC.'s Altman Z-Score of -65.43 places the company in the "distress zone" used by the Altman model (below 1.23) for FY2018.
Based on SEC 10-K filings.
Key Data Points
- Altman Z-Score -65.43 (distress zone, below 1.23 threshold)
- Piotroski F-Score: 2/9 criteria passed
- Cash-backed earnings: Operating cash flow exceeds net income
Data sourced from SEC EDGAR filings. Not investment advice.
Distress Zone (< 1.23)
The score is below the 1.23 boundary used in the Altman model.
The Altman Z-Score uses 5 financial ratios. Learn more
Components: book value of equity, working capital, retained earnings, EBIT, and revenue-to-assets — all derived from SEC FY2018 10-K filings.
5-Factor Decomposition
Working Capital / Total Assets
- Ratio
- -4.433
- Weight
- 0.717
- Contribution
- -3.178
Retained Earnings / Total Assets
- Ratio
- -41.427
- Weight
- 0.847
- Contribution
- -35.089
EBIT / Total Assets
- Ratio
- -8.686
- Weight
- 3.107
- Contribution
- -26.988
Book Equity / Total Liabilities
- Ratio
- -0.816
- Weight
- 0.420
- Contribution
- -0.343
Revenue / Total Assets
- Ratio
- 0.172
- Weight
- 0.998
- Contribution
- 0.172
| Component | Ratio | Weight | Contribution |
|---|---|---|---|
| Working Capital / Total Assets | -4.433 | 0.717 | -3.178 |
| Retained Earnings / Total Assets | -41.427 | 0.847 | -35.089 |
| EBIT / Total Assets | -8.686 | 3.107 | -26.988 |
| Book Equity / Total Liabilities | -0.816 | 0.420 | -0.343 |
| Revenue / Total Assets | 0.172 | 0.998 | 0.172 |
| Total Z-Score | -65.43 | ||
As of FY2018 · SEC Form 10-K · Last checked Jun 29, 2026
Z-Score Zones
Safe Zone - score above the 2.9 boundary used in the Altman model.
Grey Zone - score between the 1.23 and 2.9 boundaries used in the Altman model.
Distress Zone - score below the 1.23 boundary used in the Altman model.