현금전환주기(CCC) 3기 연속 확대 — 운전자본 경색·현금 회수 지연 주의. 통계적 정황 신호이며 회계부정 단정이 아닙니다.
Horizon Quantum Holdings Ltd. Class A Ordinary Shares financial statements
NASDAQ:HQ · NasdaqHorizon Quantum Holdings Ltd. Class A Ordinary Shares's published financial data is dated 2026-10-18. 1998 revenue was $324M. 1998 operating profit was $71M.
Reported results
Financial safety
Reference indicatorAs of 1998- Altman Z''
- 3.21
- Beneish M-Score
- -2.90
- Sloan accrual
- -4.94%
No statistical flag
These are factual indicators of distress and manipulation risk. They are not investment advice and are for reference only, as they have not yet been validated.
Factual information, not investment advice.
Earnings quality · Piotroski F-Score
Piotroski measures year-over-year financial improvement, not absolute quality.
Profitability
- Positive ROAPass
- Positive OCFPass
- Improving ΔROAPass
- Accruals (OCF > net income)Pass
Leverage & liquidity
- Lower debtPass
- Higher current ratioNot passed
- No new sharesPass
Efficiency
- Higher gross marginNot passed
- Higher asset turnoverPass
Calculation note: F7 (new share issuance) is approximated by whether equity/assets was maintained (at least 95% of the prior year).
Already-stable companies may score lower when year-over-year improvement is limited.
Factual information, not investment advice.
Forensic signals
Anomaly and structural signals observed in the financial statements.
Factual information, not investment advice.
Risk sensitivity — adverse assumptions
Metric changes under stated assumptions; not a forecast or investment advice.
Base metrics
- Operating margin
- 21.7%
- Interest coverage
- 2.3x
- Return on equity (ROE)
- 11.9%
Operating margin −5pp
TolerableRevenue −15%
TolerableInterest rate +2pp
TolerableInterest coverage limit
Current margin 12.4ppInterest coverage limit at an operating margin of 9.4%
Interest expense coverage threshold