SWX · CIK 0001692115 · FY2025 live · 2025-12-31
Southwest Gas Holdings, Inc.
View as
Model
Z″
FY2025
1.43
Zone
Grey
Prior
—
Market DD
—
1y PD
—
Meridian Rank
56.45
0–100 · Z″ tape · not a PD
Book standing
54
Year change
—
Market PD
—
O-score
63
Events on this name
Same published rows as Today. Not a live recompute.
No published events on this print.
1.43
Classic Z 0.68
Z″ 1.43 · 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.
0.036.56 × = 0.16X2 Retained earnings / assets
Cushion from years of profits. Share buybacks can push this negative at otherwise healthy firms.
0.103.26 × = 0.32X3 EBIT / assets
Operating return on assets. Highest weight in Z″.
0.056.72 × = 0.31X4 Book equity / liabilities
Book equity versus the liability stack. Sales / assets is omitted so asset-light names are not punished for turnover.
0.611.05 × = 0.64
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
Southwest Gas Holdings, Inc. is on Z″ at 1.43 (grey) 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 Grey; 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 · 76th percentile in Utilities.
KPI widgets
Current assets
$1.2B
Total assets
$10.4B
Current liabilities
$930M
Total liabilities
$6.5B
Working capital
$262M
Retained earnings
$1.0B
EBIT
$474M
Total sales
$0
Book equity
$4.0B
Accession 0001692115-26-000062. 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.