CHGA · CIK 0001630212 · FY2025 live · 2025-12-31
Change Agents Corporation.
View as
Model
Z″
FY2025
−19.80
Zone
Distress
Prior
—
Market DD
—
1y PD
—
−19.80
Classic Z −7.67
Z″ −19.80 · 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.
−0.546.56 × = −3.55X2 Retained earnings / assets
Cushion from years of profits. Share buybacks can push this negative at otherwise healthy firms.
−4.533.26 × = −14.76X3 EBIT / assets
Operating return on assets. Highest weight in Z″.
−0.326.72 × = −2.18X4 Book equity / liabilities
Book equity versus the liability stack. Sales / assets is omitted so asset-light names are not punished for turnover.
0.651.05 × = 0.68
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
Change Agents Corporation. is on Z″ at −19.80 (distress) for FY2025, from an SEC 10-K. Retained earnings / assets 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 · 5th percentile in Technology.
- BLINDistressBridgeline Digital, Inc.−19.97
- OMQSDistressOMNIQ Corp.−20.10
- KDKDistressKodiak AI, Inc.−19.47
- RAASYDistressCloopen Group Holding Ltd−20.45
- BNAIDistressBrand Engagement Network Inc.−21.02
- PARADistressBanzai International, Inc.−18.30
- IPDNDistressProfessional Diversity Network, Inc.−21.93
- STEMDistressSTEM, INC.−17.62
KPI widgets
Current assets
$1M
Total assets
$23M
Current liabilities
$14M
Total liabilities
$14M
Working capital
−$13M
Retained earnings
−$106M
EBIT
−$8M
Total sales
$0
Book equity
$9M
Accession 0001213900-26-036474. 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 12 Sept 2026.