CDZI · CIK 0000727273 · FY2025 live · 2025-12-31
CADIZ INC
View as
Model
Z″
FY2025
−16.89
Zone
Distress
Prior
—
Market DD
—
1y PD
—
−16.89
Classic Z −7.22
Z″ −16.89 · 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.
−4.913.26 × = −16.01X3 EBIT / assets
Operating return on assets. Highest weight in Z″.
−0.186.72 × = −1.22X4 Book equity / liabilities
Book equity versus the liability stack. Sales / assets is omitted so asset-light names are not punished for turnover.
0.201.05 × = 0.21
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.
Overview
rule-v1
CADIZ INC is on Z″ at −16.89 (distress) for FY2025, from an SEC 10-K. Retained earnings / assets 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 · 1st percentile in Utilities.
- SKYQDistressSky Quarry Inc.−13.87
- VIVKDistressVivakor, Inc.−12.16
- CETYDistressClean Energy Technologies, Inc.−9.46
- RENXDistressRenX Enterprises Corp.−8.69
- ALCEDistressAedis Energy Inc.−7.20
- NFEDistressNew Fortress Energy Inc.−5.76
- OPTTDistressOcean Power Technologies, Inc.−30.61
- PESIDistressPERMA FIX ENVIRONMENTAL SERVICES INC−2.58
KPI widgets
Current assets
$16M
Total assets
$141M
Current liabilities
$13M
Total liabilities
$118M
Working capital
$3M
Retained earnings
−$692M
EBIT
−$26M
Total sales
$16M
Book equity
$23M
Accession 0001437749-26-010517. 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.