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Altman Z Score Business Bankruptcy Calculator

Altman's Z-Score calculation is used to estimate the probability of business bankruptcy of a company.

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Altman Z Score Business Bankruptcy Calculation

Firms or Industries =
Net Sales =
Total Assets =
Working Capital =
Retained Earnings =
Total Liabilities =
Market Value of Equity =
Earnings Before Interest and Taxes (EBIT) =

 

Altman Z Score Value =
Description about Z Score value

  
   
  
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Formula Used:

If Public Firms,
    Z = 1.2T1 + 1.4T2 + 3.3T3 + 0.6T4 + .999T5
If Private Firms,
    Z = 0.717T1 + 0.847T2 + 3.107T3 + 0.420T4 + 0.998T5
If Non-Manufacturing Firms,
    Z = 6.56T1 + 3.26T2 + 6.72T3 + 1.05T4

Where,
    T1 = Working Capital / Total Assets
    T2 = Retained Earnings / Total Assets
    T3 = Earnings Before Interest and Taxes / Total Assets
    T4 = Market Value of Equity / Total Liabilities
    T5 = Net Sales/ Total Assets

Simple online business calculator to calculate Z score value of public, private and non-manufacturing companies using altman's bankruptcy model.