Meridian
Universe

FATN · CIK 0001993400 · FY2026 live · 2026-03-31

Fatpipe Inc/UT

SafeSEC 10-KZ″Technology86th percentile in Technology · 395 names

View as

Model

Z″

FY2026

7.38

Zone

Safe

Prior

Market DD

1y PD

7.38

Classic Z 3.60

−21.12.68+

Z″ 7.38 · 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.

    0.35
    6.56 × = 2.32
  • X2 Retained earnings / assets

    Cushion from years of profits. Share buybacks can push this negative at otherwise healthy firms.

    0.47
    3.26 × = 1.52
  • X3 EBIT / assets

    Operating return on assets. Highest weight in Z″.

    0.10
    6.72 × = 0.70
  • X4 Book equity / liabilities

    Book equity versus the liability stack. Sales / assets is omitted so asset-light names keep turnover from dragging the score.

    2.71
    1.05 × = 2.84

Five-year path

Need two annual 10-Ks to draw a path. The desk will pull this issuer’s filings.

Meridian Rank

88.27

0–100 · Z″ family

  • Book standing

    91

  • Year change

  • Market PD

  • O-score

    81

Events on this name

Same published rows as Today.

  • Approaching grey

    watch · 41

    • Live Z: — → 7.38
    • Cut: — → 1.10

Overview

rule-v1

Fatpipe Inc/UT is on Z″ at 7.38 (safe) for FY2026, from an SEC 10-K. Book equity / liabilities is the line that sets the print; working capital / assets is the runner-up. This is the first live year on the desk. No market tape loaded. Z″ omits sales/assets so asset-light names keep turnover from dragging the score. X4 is book equity on every name.

Book screen Safe; market PD —. Market PD has not been priced on this name.

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 · 86th percentile in Technology.

KPI widgets

Current assets

$16M

Total assets

$35M

Current liabilities

$4M

Total liabilities

$9M

Working capital

$12M

Retained earnings

$16M

EBIT

$4M

Total sales

$19M

Book equity

$25M

Accession 0001493152-26-024184. Live rank is the latest 10-K on EDGAR (FY2026, period 2026-03-31). Z″ is the live score. View as is a display overlay. X4 is book equity. Pulled 13 Sept 2026.