Innovaro, Inc. Altman Z-Score
INNI|Modified Z-Score (book value) based on FY2012 data
Innovaro, Inc.'s Altman Z-Score of -8.75 places the company in the "distress zone" used by the Altman model (below 1.23) for FY2012.
Based on SEC 10-K filings.
Key Data Points
- Altman Z-Score -8.75 (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 FY2012 10-K filings.
5-Factor Decomposition
Working Capital / Total Assets
- Ratio
- -0.354
- Weight
- 0.717
- Contribution
- -0.254
Retained Earnings / Total Assets
- Ratio
- -10.207
- Weight
- 0.847
- Contribution
- -8.645
EBIT / Total Assets
- Ratio
- -
- Weight
- 3.107
- Contribution
- -
Book Equity / Total Liabilities
- Ratio
- 0.218
- Weight
- 0.420
- Contribution
- 0.092
Revenue / Total Assets
- Ratio
- 0.063
- Weight
- 0.998
- Contribution
- 0.063
| Component | Ratio | Weight | Contribution |
|---|---|---|---|
| Working Capital / Total Assets | -0.354 | 0.717 | -0.254 |
| Retained Earnings / Total Assets | -10.207 | 0.847 | -8.645 |
| EBIT / Total Assets | - | 3.107 | - |
| Book Equity / Total Liabilities | 0.218 | 0.420 | 0.092 |
| Revenue / Total Assets | 0.063 | 0.998 | 0.063 |
| Total Z-Score | -8.75 | ||
As of FY2012 · 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.