Base metrics
- Operating margin
- 20%
- Interest coverage
- 2.3x
- Return on equity (ROE)
- 7.9%
$1.28-0.78%
2026-10-08 close · prelimHeritage Global's published financial data is dated 2026-10-04. 2024 revenue was $45M. 2024 operating profit was $9M.
Reported results
Financial safety
Reference indicatorAs of 2024Distress zoneFinancial-metric reference signal
Altman Z'' zoneZ'' -2.64
Distress
Grey
Safe
- Altman Z''
- -2.64
- Beneish M-Score
- -3.11
- Sloan accrual
- -3.15%
No statistical flag
부실·조작 위험을 나타내는 사실 지표입니다. 투자 조언이 아니며, 검증 전이라 참고용입니다.
Factual information, not investment advice.
Earnings quality · Piotroski F-Score
7/9Strong
Piotroski measures year-over-year financial improvement, not absolute quality.
Financial improvement score7/9
Profitability
- Positive ROAPass
- Positive OCFPass
- Improving ΔROANot passed
- Accruals (OCF > net income)Pass
Leverage & liquidity
- Lower debtPass
- Higher current ratioPass
- No new sharesPass
Efficiency
- Higher gross marginPass
- Higher asset turnoverNot passed
Calculation note: F7(신주)은 equity/asset 유지로 근사
Already-stable companies may score lower when year-over-year improvement is limited.
Factual information, not investment advice.
Risk sensitivity — adverse assumptions
Metric changes under stated assumptions; not a forecast or investment advice.
Operating margin −5pp
TolerableInterest coverageBase 2.3x adverse case 1.8x
Return on equity (ROE)Base 7.9% adverse case 4.5%
Revenue −15%
TolerableInterest coverageBase 2.3x adverse case 2x
Return on equity (ROE)Base 7.9% adverse case 5.9%
Interest rate +2pp
TolerableInterest coverageBase 2.3x adverse case 2.2x
Return on equity (ROE)Base 7.9% adverse case 7.5%
Interest coverage limit
Current margin 11.4ppInterest coverage limit at an operating margin of 8.6%
Interest expense coverage threshold
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