KBSX · CIK 0002014254 · FY2025 live · 2025-12-31
FST Corp.
View as
Model
Classic Z
FY2025
0.84
Zone
Distress
Prior
—
Market DD
—
1y PD
—
0.84
Z″ −0.13
Score 0.84 · distress below 1.80, grey to 2.99, safe at 3.00 and above.
Classic Z factor contributions
X1 Working capital / assets
Short-term liquidity versus the size of the balance sheet.
−0.051.2 × = −0.06X2 Retained earnings / assets
Cushion from years of profits. Share buybacks can push this negative at otherwise healthy firms.
0.031.4 × = 0.04X3 EBIT / assets
Operating return on assets. Highest weight in the original model.
−0.043.3 × = −0.13X4 Book equity / liabilities
Book equity versus the liability stack. Mega-caps often look greyer here than they would if X4 used market cap.
0.340.6 × = 0.20X5 Sales / assets
Asset turnover — how much revenue the asset base supports.
0.791 × = 0.79
Five-year path
Need two annual 10-Ks to draw a path. The desk will pull this issuer’s filings.
Meridian Rank
39.64
0–100 · Classic Z family
Book standing
44
Year change
—
Market PD
—
O-score
28
Events on this name
Same published rows as Today.
No published events on this print.
Overview
rule-v1
FST Corp. is on classic Z at 0.84 (distress) for FY2025, from an SEC 10-K. Sales / assets is the line that sets the print. This is the first live year on the desk. No market tape loaded. Classic Z was fit on manufacturers. Buybacks can send retained earnings negative at otherwise healthy issuers. X4 is book equity.
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 Classic Z scores · 33rd percentile in Industrials.
Filing line items
Current assets
$27M
Total assets
$61M
Current liabilities
$30M
Total liabilities
$45M
Working capital
−$3M
Retained earnings
$2M
EBIT
−$2M
Total sales
$48M
Book equity
$15M
Accession 0001213900-26-045612. Live rank is the latest 10-K on EDGAR (FY2025, period 2025-12-31). Classic Z is the live score. View as is a display overlay. X4 is book equity. Pulled 13 Sept 2026.