BNCWZ NASDAQ

Of US companies ranked in the second-riskiest tenth, about 1 in 87 filed for bankruptcy within a year (2020-2025).
If the stock fell to about $0.00 (down 97%), BNB Standard Corporation would be worth roughly what it owes.
Total debt $18.5M against a stock market value of $244.7M.
Distance to default 2.34 (Merton model): prices to 2026-10-26, balance sheet 2026-07-31, debt counted $16.8M (short-term plus half of long-term), stock volatility 104.9%; Altman Z 5.36. 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.