STG · CIK 0001723935 · FY2025 live · 2025-12-31
Sunlands Technology Group
View as
Model
Z″
FY2025
0.28
Zone
Distress
Prior
—
Market DD
—
1y PD
—
0.28
Classic Z 1.18
Z″ 0.28 · 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.
0.086.56 × = 0.51X2 Retained earnings / assets
Cushion from years of profits. Share buybacks can push this negative at otherwise healthy firms.
−0.733.26 × = −2.37X3 EBIT / assets
Operating return on assets. Highest weight in Z″.
0.186.72 × = 1.24X4 Book equity / liabilities
Book equity versus the liability stack. Sales / assets is omitted so asset-light names keep turnover from dragging the score.
0.861.05 × = 0.90
Five-year path
Need two annual 10-Ks to draw a path. The desk will pull this issuer’s filings.
Meridian Rank
43.82
0–100 · Z″ family
Book standing
37
Year change
—
Market PD
—
O-score
62
Events on this name
Same published rows as Today.
No published events on this print.
Overview
rule-v1
Sunlands Technology Group is on Z″ at 0.28 (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″ 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 · 37th percentile in Unclassified.
- FRBPDistressFranklin BSP Capital Corp0.30
- PSBDDistressPalmer Square Capital BDC Inc.0.30
- GSBDDistressGoldman Sachs BDC, Inc.0.32
- BSAADistressBEST SPAC I Acquisition Corp.0.15
- WHFDistressWhiteHorse Finance, Inc.0.40
- TPVGDistressTriplePoint Venture Growth BDC Corp.0.14
- CIONDistressCION Investment Corp0.13
- SARDistressSARATOGA INVESTMENT CORP.0.44
Filing line items
Current assets
$131M
Total assets
$293M
Current liabilities
$109M
Total liabilities
$158M
Working capital
$23M
Retained earnings
−$212M
EBIT
$54M
Total sales
$289M
Book equity
$135M
Accession 0001193125-26-175368. 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.