MDXH · CIK 0001872529 · FY2025 live · 2025-12-31
MDxHealth SA
View as
Model
Z″
FY2025
−0.08
Zone
Distress
Prior
—
Market DD
—
1y PD
—
Meridian Rank
27.73
0–100 · Z″ tape · not a PD
Book standing
31
Year change
—
Market PD
—
O-score
19
−0.08
Classic Z −0.05
Z″ −0.08 · 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.
0.006.56 × = 0.00X2 Retained earnings / assets
Cushion from years of profits. Share buybacks can push this negative at otherwise healthy firms.
0.003.26 × = 0.00X3 EBIT / assets
Operating return on assets. Highest weight in Z″.
0.006.72 × = 0.00X4 Book equity / liabilities
Book equity versus the liability stack. Sales / assets is omitted so asset-light names are not punished for turnover.
−0.081.05 × = −0.08
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
MDxHealth SA is on Z″ at −0.08 (distress) 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. 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 · 38th percentile in Healthcare.
- AMSDistressAMERICAN SHARED HOSPITAL SERVICES0.05
- INNVDistressInnovAge Holding Corp.0.07
- AHCODistressAdaptHealth Corp.0.26
- CYHDistressCOMMUNITY HEALTH SYSTEMS INC0.28
- AVAHDistressAveanna Healthcare Holdings, Inc.−0.46
- HCADistressHCA Healthcare, Inc.−0.46
- PSNLDistressPersonalis, Inc.0.31
- BMGLDistressBasel Medical Group Ltd0.43
KPI widgets
Current assets
$0
Total assets
$148M
Current liabilities
$0
Total liabilities
$160M
Working capital
$0
Retained earnings
$0
EBIT
$0
Total sales
$0
Book equity
−$12M
Accession 0001213900-26-039540. 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 13 Sept 2026.