INNV · CIK 0001834376 · FY2025 live · 2025-06-30
InnovAge Holding Corp.
View as
Model
Z″
FY2025
0.07
Zone
Distress
Prior
—
Market DD
—
1y PD
—
Meridian Rank
36.45
0–100 · Z″ tape · not a PD
Book standing
34
Year change
—
Market PD
—
O-score
43
0.07
Classic Z 1.73
Z″ 0.07 · 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.
0.026.56 × = 0.14X2 Retained earnings / assets
Cushion from years of profits. Share buybacks can push this negative at otherwise healthy firms.
−0.193.26 × = −0.63X3 EBIT / assets
Operating return on assets. Highest weight in Z″.
−0.066.72 × = −0.38X4 Book equity / liabilities
Book equity versus the liability stack. Sales / assets is omitted so asset-light names are not punished for turnover.
0.891.05 × = 0.93
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
InnovAge Holding Corp. is on Z″ at 0.07 (distress) for FY2025, from an SEC 10-K. Book equity / liabilities is the line that sets the print; retained earnings / assets is the runner-up. 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 · 41st percentile in Healthcare.
- AMSDistressAMERICAN SHARED HOSPITAL SERVICES0.05
- MDXHDistressMDxHealth SA−0.08
- AHCODistressAdaptHealth Corp.0.26
- CYHDistressCOMMUNITY HEALTH SYSTEMS INC0.28
- PSNLDistressPersonalis, Inc.0.31
- BMGLDistressBasel Medical Group Ltd0.43
- SHCDistressSotera Health Co0.44
- ACHCDistressAcadia Healthcare Company, Inc.0.50
KPI widgets
Current assets
$176M
Total assets
$527M
Current liabilities
$165M
Total liabilities
$264M
Working capital
$11M
Retained earnings
−$101M
EBIT
−$30M
Total sales
$854M
Book equity
$235M
Accession 0001834376-25-000062. Live rank is the latest 10-K on EDGAR (FY2025, period 2025-06-30). Z″ is the live score. View as does not rewrite the live rank. X4 is book equity. Pulled 13 Sept 2026.