Financial-condition grades for SEC filers
Company Report · as of Oct 9, 2026
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| Chi Special Acquisition Corp.GDST · manufacturing | |
|---|---|
| Grade | Nonecomputable_factors_below_threshold: 5 of 14 inputs computable; 7 are required |
| Reliability | 0.76 AUCfailure model, filers with under $12.5M assets; 95% interval 0.65 to 0.86; 63 events, 2020 to 2025 |
| Peer failure rate | 0.60% a yearItem 1.03 bankruptcies, same asset band, 2012 to 2025 |
| Size band | under $12.5M assetstotal assets $6.0M[1] |
| Warnings | late filer, thin datanot computable: short runway, degenerate inputs, distress, fortress balance sheet |
| Inputs computable | 5 of 14 |
| Graded from | filings received through Jul 16, 202685 days before the rescan; every figure keyed to the SEC receipt date |
| Last close | $11.572025-02-05; market equity $21.6M; iex feed |
| Price used in grade | None |
| Share price, twelve months to the rescansplit-adjusted close; a lollipop at every rescan carries the letter held then; baseline ticks are SEC receipt dates of the inputs; ranges and dragging scroll the full history | ||||||||
|---|---|---|---|---|---|---|---|---|
No price series supplied for this render. | ||||||||
Percentile at every rescan on file, Oct 6, 2026 to Oct 9, 2026; stronger toward the top. Hover for the date. Open this report as it stood on | ||||||||
Each date opens the report as it stood on that rescan. |
Business, in the company's words. Opening of Item 1 of the 10-K received Jul 16, 2026; the document on sec.gov.
Corp. (“we,” “us,” “our,” “Chi” or the “Company”) is a Delaware corporation formerly known as Goldenstone Acquisition Limited incorporated as a blank check company for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities, which we refer to herein as our “initial business combination.” Our efforts to identify a prospective target business will not be limited to a particular industry or geographic region. The Company’s sponsor is Goldenstone Holdings, LLC (“Sponsor”) which is controlled by Eddie Ni.
7 checks ran; none of them enters the letter. The checks are listed on the warnings screen.
Lower percentile is stronger. Source numbers open the SEC filing; a range that spans filings opens the sources table.
| Input | Percentile, 0 to 100 | Value | Source | Peer median | Percentile | Peers | Period end |
|---|---|---|---|---|---|---|---|
| Profitability, sleeve percentile 72.0 | |||||||
| Gross profitability | not computable | 21.9% | |||||
| one or more required annual facts are missing | |||||||
| Return on invested capital | not computable | 9.7% | |||||
| one or more required annual facts are missing | |||||||
| Accruals ratio | (1.3%) | [1-4] | (3.6%) | 72.0 | 308 | 2026-03-31 | |
| Gross margin stability, five years | not computable | 2.1 pts | |||||
| five annual gross margins are required; found 0 | |||||||
| Solvency, sleeve percentile 96.7 | |||||||
| Twelve-month failure probability | not computable | 0.04% | |||||
| four consecutive discrete net-income quarters are required; found 4 | |||||||
| Altman Z double-prime | (18.72) | [1,5-10] | 3.66 | 93.4 | 244 | 2026-03-31 | |
| Net debt to EBITDA | not computable | 1.78x | |||||
| one or more required annual facts are missing | |||||||
| Interest coverage | not computable | 5.09x | |||||
| interest expense must exceed $100,000 | |||||||
| Current ratio | 0.00x | [5-6] | 2.25x | 100.0 | 325 | 2026-03-31 | |
| Growth and financing, sleeve percentile 49.6 | |||||||
| Revenue growth, three-year compound | not computable | 2.1% | |||||
| four annual observations are required; found 0 | |||||||
| Free cash flow growth, three-year compound | not computable | 13.9% | |||||
| four consecutive annual FCF observations are required; found 0 | |||||||
| Reinvestment rate | not computable | 26.4% | |||||
| one or more required annual facts are missing | |||||||
| Asset growth, three years | (53.8%) | [1,4,11-12] | 4.4% | 99.3 | 279 | 2026-03-31 | |
| Net share issuance, one year | (45.8%) | [13-14] | 0.01% | 0.0 | 243 | 2026-07-15 | |
Gross profitability. Revenue less cost of goods sold, over total assets.
Accruals ratio. Net income less operating cash flow, over average assets; lower is stronger.
Gross margin stability, five years. Standard deviation of gross margin; lower is stronger.
Twelve-month failure probability. CHS model; lower is stronger.
Net debt to EBITDA. Lower is stronger.
Net share issuance, one year. Split-adjusted; lower is stronger.
Market measures at the 2025-02-05 close. None enters the grade. Percentile among graded peers with the same measure.
| Measure | Value | Peer median | Percentile | Reading |
|---|---|---|---|---|
| Twelve-month price change, skipping the latest month | not computable | 13.7% | missing required 12-1 monthly returns: 2026-08, 2026-07, 2026-06, 2026-05, 2026-04, 2026-03, 2026-02, 2026-01, 2025-12, 2025-11, 2025-10 | |
| Distance from 52-week high | (1.5%) | (24.3%) | 98 | closer to its high than 98 of 100 peers |
| EBIT to enterprise value | not computable | 4.1% | required accounting or market input is missing | |
| Free cash flow yield | not computable | 3.4% | required accounting or market input is missing | |
| Book value to price | (0.37) | 0.34 | 1 | pricier than 99 of 100 peers |
| Sales to price | not computable | 0.54 | required accounting or market input is missing | |
| Composite equity issuance, five years | not computable | (9.5%) | a share count from five years earlier is required | |
| Relative strength against the sector, log excess return | not computable | (0.00) | missing required 12-1 monthly returns: 2026-08, 2026-07, 2026-06, 2026-05, 2026-04, 2026-03, 2026-02, 2026-01, 2025-12, 2025-11, 2025-10 |
Inputs: market equity $21.6M; EBIT -$890,713; book equity -$7.9M[13].
Diagnostics do not feed the grade.
| Piotroski F-score: None of 9, period end 2026-03-31 | ||
|---|---|---|
| Return on assets above zero | (2.2%) | ✗ fail[2,4] |
| Operating cash flow above zero | -$248,866 | ✗ fail[3] |
| Return on assets improved | (2.4 pts) | ✗ fail[2,4,11,15] |
| Operating cash flow exceeds net income | $165,813 | ✓ pass[2-3] |
| Long-term leverage fell | n/a[1,4,11] | |
| Current ratio improved | (7.1 pts) | ✗ fail[5-6,16-17] |
| No new shares issued | (45.8%) | ✓ pass[13-14] |
| Gross margin improved | n/a | |
| Asset turnover improved | n/a[4,11] | |
| Cash, filings, liquidity | |
|---|---|
| Cash and equivalents | n/a |
| Operating cash flow, four quarters | n/a[3,18-20] |
| Months of runway | not finite |
| cash is missing at the end of the latest cash-flow quarter | |
| Late filings, two years | 3 |
| NT 10-K or NT 10-Q | |
| Days since last periodic filing | 85 |
| 10-K received Jul 16, 2026 | |
| Median daily dollar volume | $0 |
| 63 sessions | |
| Days since newest grade input | 85 |
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Every citation on this page. Filing opens the SEC index page for that submission; viewer opens the SEC interactive data for the same filing; series opens the SEC XBRL API record for that tag and company.
| # | Concept | XBRL tag | Value | Period end | Received | Form | Links |
|---|---|---|---|---|---|---|---|
| 1 | assets | us-gaap:Assets | $6.0M | 2026-03-31 | 2026-07-16 | 10-K | filing · viewer · series |
| 2 | net income | us-gaap:NetIncomeLoss | -$414,679 | 2026-03-31 | 2026-07-16 | 10-K | filing · viewer · series |
| 3 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | -$248,866 | 2026-03-31 | 2026-07-16 | 10-K | filing · viewer · series |
| 4 | assets | us-gaap:Assets | $19.1M | 2025-03-31 | 2026-07-16 | 10-K | filing · viewer · series |
| 5 | current assets | us-gaap:AssetsCurrent | $19,944 | 2026-03-31 | 2026-07-16 | 10-K | filing · viewer · series |
| 6 | current liabilities | us-gaap:LiabilitiesCurrent | $11.6M | 2026-03-31 | 2026-07-16 | 10-K | filing · viewer · series |
| 7 | retained earnings | us-gaap:RetainedEarningsAccumulatedDeficit | -$7.9M | 2026-03-31 | 2026-07-16 | 10-K | filing · viewer · series |
| 8 | operating income | us-gaap:OperatingIncomeLoss | -$890,713 | 2026-03-31 | 2026-07-16 | 10-K | filing · viewer · series |
| 9 | book equity | us-gaap:StockholdersEquity | -$7.9M | 2026-03-31 | 2026-07-16 | 10-K | filing · viewer · series |
| 10 | liabilities | us-gaap:Liabilities | $13.6M | 2026-03-31 | 2026-07-16 | 10-K | filing · viewer · series |
| 11 | assets | us-gaap:Assets | $55.8M | 2024-03-31 | 2025-06-16 | 10-K | filing · viewer · series |
| 12 | assets | us-gaap:Assets | $60.4M | 2023-03-31 | 2024-06-03 | 10-K | filing · viewer · series |
| 13 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 1,866,406 | 2026-07-15 | 2026-07-16 | 10-K | filing · viewer · series |
| 14 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 3,442,121 | 2025-06-16 | 2025-06-16 | 10-K | filing · viewer · series |
| 15 | net income | us-gaap:NetIncomeLoss | $109,366 | 2025-03-31 | 2026-07-16 | 10-K | filing · viewer · series |
| 16 | current assets | us-gaap:AssetsCurrent | $331,268 | 2025-03-31 | 2026-07-16 | 10-K | filing · viewer · series |
| 17 | current liabilities | us-gaap:LiabilitiesCurrent | $4.5M | 2025-03-31 | 2026-07-16 | 10-K | filing · viewer · series |
| 18 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | -$216,654 | 2025-12-31 | 2026-02-24 | 10-Q | filing · viewer · series |
| 19 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | -$92,485 | 2025-09-30 | 2025-11-19 | 10-Q | filing · viewer · series |
| 20 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | -$185,468 | 2025-06-30 | 2025-08-20 | 10-Q | filing · viewer · series |
Peer group. Sector assignment from four-digit SIC codes, hand-tuned and published. The grade under three alternative peer policies is tabled above.
Size. Within a sector the letter tracks size. Among graded filers in the smallest asset band, 72% grade E and 0% grade A; in the largest, 13% grade E and 21% grade A. Universe as of Oct 9, 2026.
Failure model. filings 2012-01-01 to 2019-12-31 fit, filings 2020-01-01 to 2025-12-31 test; status post hoc pending confirmation. pre-registered on 2026 filings once their 12-month outcome windows close; supported if the paired per-quintile gain over the pooled model has a lower bound above 0.05.
Input validity. Revenue or total assets at or below $100,000 sets the degenerate-inputs flag. An input whose denominator is at or below $100,000 is left not computable rather than ranked.
Returns. No input on this page has a post-2015 confidence interval on returns that excludes zero. The grade ranks reported financial condition and is not a return forecast.
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