ANDG NYSE

Of US companies ranked in the safest four tenths, about 1 in 3,500 filed for bankruptcy within a year (2020-2025).
If the stock fell to about $0.40 (down 99.4%), Andersen would be worth roughly what it owes.
Total debt $414.4M against a stock market value of $7.22B.
Distance to default 6.21 (Merton model): prices to 2026-10-26, balance sheet 2026-06-30, debt counted $188.1M (short-term plus half of long-term), stock volatility 58.6%; Altman Z'' -2.64. A ranking and a back-test, not a forecast.
US fund filings (SEC N-PORT) show under $25M of this company's bonds, so there is no bond page. Its debt may be bank loans or privately placed. How these are computed.