HMR · CIK 0002029471 · FY2025 live · 2025-12-31
Heidmar Maritime Holdings Corp.
View as
Model
Z″
FY2025
−1.25
Zone
Distress
Prior
—
Market DD
—
1y PD
—
−1.25
Classic Z 0.28
Z″ −1.25 · 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.
−0.03X2 Retained earnings / assets
Cushion from years of profits. Share buybacks can push this negative at otherwise healthy firms.
−0.25X3 EBIT / assets
Operating return on assets.
−0.07X4 Book equity / liabilities
Book equity versus the liability stack. Sales / assets is omitted so asset-light names keep turnover from dragging the score.
0.17
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
21
0–100 · Z″ family
Book standing
24
Year change
—
Market PD
—
O-score
13
Events on this name
Same published rows as Today.
No published events on this print.
Overview
rule-v1
Heidmar Maritime Holdings Corp. is on Z″ at −1.25 (distress) for FY2025, from an SEC 10-K. Working capital / 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 · 20th percentile in Industrials.
- SKKDistressSKK Holdings Ltd−1.28
- SDADistressSunCar Technology Group Inc.−1.32
- IBATFDistressINTERNATIONAL BATTERY METALS LTD.−1.38
- RMNIDistressRimini Street, Inc.−1.39
- ULCCDistressFrontier Group Holdings, Inc.−1.08
- FORRDistressFORRESTER RESEARCH, INC.−1.42
- ETSYDistressETSY INC−1.05
- NCLHDistressNorwegian Cruise Line Holdings Ltd.−1.48
Filing line items
Current assets
$27M
Total assets
$72M
Current liabilities
$29M
Total liabilities
$61M
Working capital
−$2M
Retained earnings
−$18M
EBIT
−$5M
Total sales
$56M
Book equity
$11M
Accession 0001193125-26-197112. 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.