ValueScreener
DistressRatio

75 Toronto Stock Exchange companies in Altman's distress band

75companies

An Altman Z-Score below 1.8, which is the band Altman called distress, computed from filed statements.

Stocks · Non-US shares · Toronto Stock Exchange (TSX) · Ranked by Altman Z-Score in ratio, largest company first · Rebuilt 2026-11-07 at 09:25 UTC

How this list is built

The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against total assets, from the newest filed statements. Where the filer raised going concern itself, that sentence is shown with its filing. The score classifies and does not rank: Altman published two cut-offs and no ordering below the lower one, so the list is ordered by size, largest company first. The screen: companies listed on Toronto Stock Exchange, graded A or B for the quality of what they report; a median daily traded value of at least 250,000 US dollars over 90 sessions, stated in each listing's own currency, so a company nobody can trade is never on the list; and no positive price to earnings under 1, which no real company earns, and no close sitting the whole of its own 52-week high below that high, which no listing that still trades can do. 237 companies passed tonight. Each market is ranked on its own and never added to another. Figures as recomputed on 2026-11-07.

The list

50 of 75 companies
In the band Altman called distress, ranked by Altman Z-Score, largest company first
#CompanyMarketSectorAltman Z-Score, in ratioCurrent ratio, in ratioTangible equity ratio, in ratioOperating margin, in percentAltman Z-Score over timeSource
1TSX:HHydro One LimitedTSXUtilities1.390.610.3024.8%

n/a

Source n/a
2TSX:BBD-BBombardier Inc.TSXIndustrials1.711.11-0.3811.6%

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Source n/a
3TSX:BBD-ABombardier Inc.TSXIndustrials1.711.11-0.3811.6%

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Source n/a
4TSX:FMFirst Quantum Minerals Ltd.TSXBasic Materials1.501.420.4418.4%

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Source n/a
5TSX:WCPWhitecap Resources Inc.TSXEnergy1.730.680.5723.0%

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Source n/a
6TSX:ALAAltaGas Ltd.TSXUtilities1.130.820.169.3%

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Source n/a
7TSX:CUCanadian Utilities LimitedTSXUtilities0.931.560.2315.5%

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Source n/a
8TSX:KEYKeyera Corp.TSXEnergy1.561.760.2112.2%

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Source n/a
9TSX:ACO-XATCO Ltd.TSXUtilities0.831.800.1312.2%

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Source n/a
10TSX:CPXCapital Power CorporationTSXUtilities0.670.940.29-6.4%

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Source n/a
11TSX:CSCapstone Copper Corp.TSXBasic Materials1.761.200.4720.6%

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Source n/a
12TSX:EFNElement Fleet Management Corp.TSXIndustrials1.334.050.2042.5%

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Source n/a
13TSX:ACAir CanadaTSXIndustrials0.730.56-0.074.1%

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Source n/a
14TSX:CSH-UNChartwell Retirement ResidencesTSXReal Estate0.780.330.3411.8%

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Source n/a
15TSX:REI-UNRioCan Real Estate Investment TrustTSXReal Estate0.970.740.4848.7%

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Source n/a
16TSX:NPINorthland Power Inc.TSXUtilities0.611.070.2532.3%

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Source n/a
17TSX:GRT-UNGranite Real Estate Investment TrustTSXReal Estate1.230.390.5774.9%

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Source n/a
18TSX:SRU-UNSmartCentres Real Estate Investment TrustTSXReal Estate0.890.260.4357.2%

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Source n/a
19TSX:CAR-UNCanadian Apartment Properties Real Estate Investment TrustTSXReal Estate1.030.240.5856.7%

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Source n/a
20TSX:FCR-UNFirst Capital Real Estate Investment TrustTSXReal Estate1.210.970.5254.5%

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Source n/a
21TSX:PEYPeyto Exploration & Development Corp.TSXEnergy1.700.980.5231.3%

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Source n/a
22TSX:DIR-UNDream Industrial Real Estate Investment TrustTSXReal Estate0.970.240.5766.8%

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Source n/a
23TSX:CRT-UNCT Real Estate Investment TrustTSXReal Estate1.010.040.2675.0%

n/a

Source n/a
24TSX:CURACuraleaf Holdings, Inc.TSXHealthcare0.471.52-0.742.0%

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Source n/a
25TSX:BEI-UNBoardwalk Real Estate Investment TrustTSXReal Estate1.270.120.5555.2%

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Source n/a
26TSX:CRR-UNCrombie Real Estate Investment TrustTSXReal Estate0.760.120.4242.5%

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Source n/a
27TSX:NFINFI Group Inc.TSXConsumer Cyclical1.481.47-0.110.3%

n/a

Source n/a
28TSX:WTEWestshore Terminals Investment CorporationTSXIndustrials0.740.870.1730.1%

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Source n/a
29TSX:HR-UNH&R Real Estate Investment TrustTSXReal Estate0.210.680.4560.0%

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Source n/a
30TSX:CCACogeco Communications Inc.TSXCommunication Services1.080.59-0.5426.2%

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Source n/a
31TSX:KMP-UNKillam Apartment REITTSXReal Estate1.050.070.5661.3%

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Source n/a
32TSX:SIASienna Senior Living Inc.TSXHealthcare0.700.510.169.7%

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Source n/a
33TSX:BIRBirchcliff Energy Ltd.TSXEnergy1.431.740.6317.1%

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Source n/a
34TSX:AAVAdvantage Energy Ltd.TSXEnergy0.770.390.5514.9%

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Source n/a
35TSX:MEQMainstreet Equity Corp.TSXReal Estate1.271.130.4459.3%

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Source n/a
36TSX:TNZTenaz Energy Corp.TSXEnergy0.750.940.174.9%

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Source n/a
37TSX:SVIStorageVault Canada Inc.TSXReal Estate0.491.22-0.0323.2%

n/a

Source n/a
38TSX:SOILSaturn Oil & Gas Inc.TSXEnergy1.690.630.4322.6%

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Source n/a
39TSX:SPBSuperior Plus Corp.TSXUtilities0.480.95-0.508.2%

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Source n/a
40TSX:CJTCargojet Inc.TSXIndustrials1.401.230.3311.3%

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Source n/a
41TSX:MERMeren Energy Inc.TSXEnergy0.240.950.3916.7%

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Source n/a
42TSX:VITL-UNVital Infrastructure Property TrustTSXReal Estate0.790.510.4455.6%

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Source n/a
43TSX:RAYStingray Group Inc.TSXCommunication Services1.380.79-1.9920.5%

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Source n/a
44TSX:SGR-UNSlate Grocery REITTSXReal Estate0.580.450.2862.0%

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Source n/a
45TSX:SGYSurge Energy Inc.TSXEnergy0.390.780.5517.2%

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Source n/a
46TSX:CGXCineplex Inc.TSXCommunication Services0.160.52-0.487.4%

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Source n/a
47TSX:MTYMTY Food Group Inc.TSXConsumer Cyclical1.260.66-1.1516.6%

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Source n/a
48TSX:CHRChorus Aviation Inc.TSXIndustrials1.131.300.387.6%

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Source n/a
49TSX:MRG-UNMorguard North American Residential Real Estate Investment TrustTSXReal Estate0.810.590.4453.5%

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Source n/a
50TSX:NXR-UNNexus Industrial REITTSXReal Estate0.680.130.4167.3%

n/a

Source n/a

This is the top of the list. The rest is a page away and no plan is needed for it.

Filed figures cite the filing they come from; figures marked Market data are quotes as of the date shown. Not a recommendation and not advice.

Past figures are not a forecast. Anything we modelled is labelled as ours. You can lose money on any security.

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