DVLT NASDAQ

Of US companies ranked in the riskiest tenth, about 1 in 20 filed for bankruptcy within a year (2020-2025).
If the stock fell to about $0.00 (down 94%), Datavault AI Inc. would be worth roughly what it owes.
Total debt $6.2M against a stock market value of $57.3M.
Distance to default 0.85 (Merton model): prices to 2026-10-27, balance sheet 2026-06-30, debt counted $6.2M (short-term plus half of long-term), stock volatility 160.3%; Altman Z'' 2.21. 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.