Meridian
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GWRS · CIK 0001434728 · FY2025 live · 2025-12-31

Global Water Resources, Inc.

DistressSEC 10-KZ″Utilities26th percentile in Utilities · 132 names

View as

Model

Z″

FY2025

0.26

Zone

Distress

Prior

Market DD

1y PD

Meridian Rank

31.91

0–100 · Z″ tape · not a PD

  • Book standing

    36

  • Year change

  • Market PD

  • O-score

    21

Events on this name

Same published rows as Today. Not a live recompute.

  • MARKET PD UNAVAILABLE

    watch · 41

    • mertonPd: — → —

0.26

Classic Z 0.28

−21.12.68+

Z″ 0.26 · distress below 1.10, grey to 2.60, safe above.

Z″ factor contributions

  • X1 Working capital / assets

    Short-term liquidity. Carries more weight in Z″ than in classic Z.

    −0.01
    6.56 × = −0.06
  • X2 Retained earnings / assets

    Cushion from years of profits. Share buybacks can push this negative at otherwise healthy firms.

    −0.00
    3.26 × = −0.01
  • X3 EBIT / assets

    Operating return on assets. Highest weight in Z″.

    0.01
    6.72 × = 0.10
  • X4 Book equity / liabilities

    Book equity versus the liability stack. Sales / assets is omitted so asset-light names are not punished for turnover.

    0.22
    1.05 × = 0.23

Five-year path

Need two annual 10-Ks to draw a path. The desk will pull this issuer’s filings rather than invent a series.

Overview

rule-v1

Global Water Resources, Inc. is on Z″ at 0.26 (distress) for FY2025, from an SEC 10-K. Book equity / liabilities is the line that sets the print. This is the first live year on the desk. No market tape loaded. Z″ drops sales/assets so asset-light names are not punished for turnover. X4 is book equity on every name.

Book screen Distress; market PD —. Tape not priced — not a single default call.

Market DD · naive Merton

No market tape yet.

Pull a year of closes (Yahoo, Nasdaq if Yahoo is limited) and size equity from Nasdaq cap or EDGAR shares. Distance-to-default and 1-year PD stay blank until then.

Sector peers

Closest Z″ scores · 26th percentile in Utilities.

KPI widgets

Current assets

$15M

Total assets

$483M

Current liabilities

$19M

Total liabilities

$396M

Working capital

−$5M

Retained earnings

−$961K

EBIT

$7M

Total sales

$56M

Book equity

$87M

Accession 0001628280-26-014659. Live rank is the latest 10-K on EDGAR (FY2025, period 2025-12-31). Z″ is the live score. View as does not rewrite the live rank. X4 is book equity. Pulled 13 Sept 2026.