WBI · CIK 0002064947 · FY2025 live · 2025-12-31
WaterBridge Infrastructure LLC
View as
Model
Z″
FY2025
0.61
Zone
Distress
Prior
—
Market DD
—
1y PD
—
0.61
Classic Z 0.43
Z″ 0.61 · 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.
0.026.56 × = 0.13X2 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″.
0.026.72 × = 0.14X4 Book equity / liabilities
Book equity versus the liability stack. Sales / assets is omitted so asset-light names are not punished for turnover.
0.331.05 × = 0.34
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.
Meridian Rank
48.09
0–100 · Z″ tape · not a PD
Book standing
41
Year change
—
Market PD
—
O-score
67
Events on this name
Same published rows as Today. Not a live recompute.
Market PD unavailable
watch · 41
Overview
rule-v1
WaterBridge Infrastructure LLC is on Z″ at 0.61 (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 · 35th percentile in Energy.
- VISTDistressVista Energy, S.A.B. de C.V.0.57
- CODQLDistressCoronado Global Resources Inc.0.56
- CHNRDistressCHINA NATURAL RESOURCES INC0.56
- PBRDistressPETROBRAS - PETROLEO BRASILEIRO SA0.54
- VALEDistressVale S.A.0.69
- LZMDistressLifezone Metals Ltd0.74
- MNRDistressMACH NATURAL RESOURCES LP0.47
- BORRDistressBorr Drilling Ltd0.78
KPI widgets
Current assets
$261M
Total assets
$3.7B
Current liabilities
$189M
Total liabilities
$1.9B
Working capital
$72M
Retained earnings
−$5M
EBIT
$79M
Total sales
$526M
Book equity
$602M
Accession 0001193125-26-106541. 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.