ADCT · CIK 0001771910 · FY2025 live · 2025-12-31
ADC Therapeutics SA
View as
Model
Classic Z
FY2025
−7.42
Zone
Distress
Prior
—
Market DD
—
1y PD
—
−7.42
Z″ −14.62
Score −7.42 · distress below 1.80, grey to 2.99, safe at 3.00 and above.
Classic Z factor contributions
X1 Working capital / assets
Short-term liquidity versus the size of the balance sheet.
0.731.2 × = 0.88X2 Retained earnings / assets
Cushion from years of profits. Share buybacks can push this negative at otherwise healthy firms.
−5.061.4 × = −7.09X3 EBIT / assets
Operating return on assets. Highest weight in the original model.
−0.383.3 × = −1.24X4 Book equity / liabilities
Book equity versus the liability stack. Mega-caps often look greyer here than they would if X4 used market cap.
−0.370.6 × = −0.22X5 Sales / assets
Asset turnover — how much revenue the asset base supports.
0.251 × = 0.25
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
ADC Therapeutics SA is on classic Z at −7.42 (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. Classic Z was fit on manufacturers; buybacks can send retained earnings negative at otherwise healthy issuers, and X4 is book equity, not market cap.
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 Classic Z scores · 21st percentile in Healthcare.
KPI widgets
Current assets
$306M
Total assets
$323M
Current liabilities
$70M
Total liabilities
$509M
Working capital
$236M
Retained earnings
−$1.6B
EBIT
−$121M
Total sales
$81M
Book equity
−$186M
Accession 0001628280-26-016491. Live rank is the latest 10-K on EDGAR (FY2025, period 2025-12-31). Classic Z is the live score. View as does not rewrite the live rank. X4 is book equity. Pulled 12 Sept 2026.