AES · CIK 0000874761 · FY2025 live · 2025-12-31
AES CORP
View as
Model
Z″
FY2025
−0.12
Zone
Distress
Prior
—
Market DD
—
1y PD
—
−0.12
Classic Z 0.26
Z″ −0.12 · 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.
−0.046.56 × = −0.25X2 Retained earnings / assets
Cushion from years of profits. Share buybacks can push this negative at otherwise healthy firms.
0.013.26 × = 0.04X3 EBIT / assets
Operating return on assets. Highest weight in Z″.
0.006.72 × = 0.00X4 Book equity / liabilities
Book equity versus the liability stack. Sales / assets is omitted so asset-light names are not punished for turnover.
0.091.05 × = 0.09
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
AES CORP is on Z″ at −0.12 (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″ 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 · 15th percentile in Utilities.
KPI widgets
Current assets
$6.5B
Total assets
$51.8B
Current liabilities
$8.5B
Total liabilities
$47.7B
Working capital
−$2.0B
Retained earnings
$641M
EBIT
$0
Total sales
$12.2B
Book equity
$4.1B
Accession 0000874761-26-000063. 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.