Invesco Galaxy Bitcoin ETF Altman Z-Score
BTCO|Modified Z-Score (book value) based on FY2024 data
Invesco Galaxy Bitcoin ETF's Altman Z-Score of 1722.17 places the company in the "safe zone" (above 2.9). Historically, companies in this range have had lower rates of financial distress (FY2024).
Based on SEC 10-K filings.
Key Data Points
- Low Piotroski F-Score: 1/9 (multiple financial health concerns)
- Altman Z-Score 1722.17 (safe zone, above 2.9 threshold)
- Low earnings quality (accrual-heavy earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Safe Zone (> 2.9)
Safe zone - low probability of financial distress
The Altman Z-Score predicts bankruptcy risk using 5 financial ratios. Learn more
Components: book value of equity, working capital, retained earnings, EBIT, and revenue-to-assets — all derived from SEC FY2024 10-K filings.
5-Factor Decomposition
| Component | Ratio | Weight | Contribution |
|---|---|---|---|
| Working Capital / Total Assets | - | 0.717 | - |
| Retained Earnings / Total Assets | 0.558 | 0.847 | 0.473 |
| EBIT / Total Assets | -0.001 | 3.107 | -0.003 |
| Book Equity / Total Liabilities | 4099.291 | 0.420 | 1721.702 |
| Revenue / Total Assets | 0.000 | 0.998 | 0.000 |
| Total Z-Score | 1722.17 | ||
As of FY2024 · SEC 10-K · Updated Jun 29, 2026
Z-Score Zones
Safe Zone - Company is in strong financial health with low bankruptcy risk.
Grey Zone - Uncertain financial position. Requires closer monitoring.
Distress Zone - Elevated probability of financial difficulties.