CION · CIK 0001534254 · FY2025 live · 2025-12-31
CION Investment Corp
View as
Model
Z″
FY2025
0.13
Zone
Distress
Prior
—
Market DD
—
1y PD
—
0.13
Classic Z 0.15
Z″ 0.13 · 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.
0.006.56 × = 0.00X2 Retained earnings / assets
Cushion from years of profits. Share buybacks can push this negative at otherwise healthy firms.
−0.163.26 × = −0.52X3 EBIT / assets
Operating return on assets. Highest weight in Z″.
0.006.72 × = 0.00X4 Book equity / liabilities
Book equity versus the liability stack. Sales / assets is omitted so asset-light names keep turnover from dragging the score.
0.621.05 × = 0.65
Five-year path
Need two annual 10-Ks to draw a path. The desk will pull this issuer’s filings.
Meridian Rank
37.27
0–100 · Z″ family
Book standing
34
Year change
—
Market PD
—
O-score
46
Events on this name
Same published rows as Today.
No published events on this print.
Overview
rule-v1
CION Investment Corp is on Z″ at 0.13 (distress) for FY2025, from an SEC 10-K. Book equity / liabilities is the line that sets the print; retained earnings / assets is the runner-up. This is the first live year on the desk. No market tape loaded. Z″ omits sales/assets so asset-light names keep turnover from dragging the score. X4 is book equity on every name.
Book screen Distress; market PD —. Market PD has not been priced on this name.
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 · 34th percentile in Unclassified.
- TPVGDistressTriplePoint Venture Growth BDC Corp.0.14
- BSAADistressBEST SPAC I Acquisition Corp.0.15
- OFSDistressOFS Capital Corp0.10
- OCSLDistressOaktree Specialty Lending Corp0.04
- FSKDistressFS KKR Capital Corp−0.02
- STGDistressSunlands Technology Group0.28
- BBDCDistressBarings BDC, Inc.−0.04
- FRBPDistressFranklin BSP Capital Corp0.30
Filing line items
Current assets
$0
Total assets
$1.9B
Current liabilities
$0
Total liabilities
$1.1B
Working capital
$0
Retained earnings
−$297M
EBIT
$0
Total sales
$0
Book equity
$708M
Accession 0001534254-26-000003. Live rank is the latest 10-K on EDGAR (FY2025, period 2025-12-31). Z″ is the live score. View as is a display overlay. X4 is book equity. Pulled 13 Sept 2026.