CNEY · CIK 0001780785 · FY2025 live · 2025-09-30

CN ENERGY GROUP. INC.

SafeSEC 10-KClassic ZMaterials99th percentile in Materials · 260 names

View as

Model

Classic Z

FY2025

11.77

Zone

Safe

Prior

—

Market DD

—

1y PD

—

11.77

Z″ 22.24

−21.83.08+

Score 11.77 · 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.
0.57
1.2 × = 0.68
X2 Retained earnings / assets
Cushion from years of profits. Share buybacks can push this negative at otherwise healthy firms.
−0.26
1.4 × = −0.36
X3 EBIT / assets
Operating return on assets. Highest weight in the original model.
−0.10
3.3 × = −0.34
X4 Book equity / liabilities
Book equity versus the liability stack. Mega-caps often look greyer here than they would if X4 used market cap.
19.09
0.6 × = 11.45
X5 Sales / assets
Asset turnover — how much revenue the asset base supports.
0.33
1 × = 0.33

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

CN ENERGY GROUP. INC. is on classic Z at 11.77 (safe) 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. 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 Safe; 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 · 99th percentile in Materials.

KPI widgets

Current assets

$66M

Total assets

$107M

Current liabilities

$5M

Total liabilities

$5M

Working capital

$61M

Retained earnings

−$28M

EBIT

−$11M

Total sales

$36M

Book equity

$102M

Accession 0001477932-26-000556. Live rank is the latest 10-K on EDGAR (FY2025, period 2025-09-30). Classic Z is the live score. View as does not rewrite the live rank. X4 is book equity. Pulled 12 Sept 2026.