CURR · CIK 0001862935 · FY2025 live · 2025-12-31
Currenc Group Inc.
View as
Model
Z″
FY2025
−4.20
Zone
Distress
Prior
—
Market DD
—
1y PD
—
−4.20
Classic Z −1.66
Z″ −4.20 · 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.
0.096.56 × = 0.62X2 Retained earnings / assets
Cushion from years of profits. Share buybacks can push this negative at otherwise healthy firms.
−1.313.26 × = −4.29X3 EBIT / assets
Operating return on assets. Highest weight in Z″.
−0.076.72 × = −0.47X4 Book equity / liabilities
Book equity versus the liability stack. Sales / assets is omitted so asset-light names are not punished for turnover.
−0.061.05 × = −0.06
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
Currenc Group Inc. is on Z″ at −4.20 (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″ 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 · 12th percentile in Industrials.
- DFNSDistressT3 Defense Inc.−4.49
- ENGSDistressEnergys Group Ltd−4.72
- PMADistressPMA Graphene Technology Group Inc.−3.66
- SGRPDistressSPAR Group, Inc.−4.77
- NCEWDistressNew Century Logistics (BVI) Ltd−3.55
- ZEODistressZeo Energy Corp.−3.52
- LYFTDistressLyft, Inc.−3.39
- PSIGDistressPS International Group Ltd.−3.35
KPI widgets
Current assets
$101M
Total assets
$114M
Current liabilities
$90M
Total liabilities
$95M
Working capital
$11M
Retained earnings
−$150M
EBIT
−$8M
Total sales
$38M
Book equity
−$6M
Accession 0001493152-26-020709. 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 12 Sept 2026.