Meridian™
Universe

VG · CIK 0002007855 · FY2025 live · 2025-12-31

Venture Global, Inc.

DistressSEC 10-KZ″Utilities61st percentile in Utilities · 132 names

View as

Model

Z″

FY2025

1.07

Zone

Distress

Prior

—

Market DD

—

1y PD

—

1.07

Classic Z 0.79

−21.12.68+

Z″ 1.07 · 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.

    −0.01

  • X2 Retained earnings / assets

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

    0.09

  • X3 EBIT / assets

    Operating return on assets.

    0.10

  • X4 Book equity / liabilities

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

    0.16

Two-year path

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

Pro unlocks the five-year path See plans.

Meridian Rank

52

0–100 · Z″ family

  • Book standing

    49

  • Year change

    —

  • Market PD

    —

  • O-score

    60

Events on this name

Same published rows as Today.

No published events on this print.

Overview

rule-v1

Venture Global, Inc. is on Z″ at 1.07 (distress) for FY2025, from an SEC 10-K. EBIT / assets is the line that sets the print. 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 Distress; 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 · 61st percentile in Utilities.

Filing line items

Current assets

$4.0B

Total assets

$53.4B

Current liabilities

$4.3B

Total liabilities

$41.5B

Working capital

−$304M

Retained earnings

$4.7B

EBIT

$5.2B

Total sales

$13.8B

Book equity

$6.7B

Accession 0002007855-26-000013. Live rank is the latest 10-K on EDGAR (FY2025, period 2025-12-31). Z″ is the live score. View as is a display overlay. X4 is book equity. Pulled 14 Sept 2026.