Use our ONLINE CALCULATOR to calculate the ALTMAN Z-SCORE
(for Publicly Traded Firms)
Altman Z-Score is a mathematical formula that was developed by NYU Professor Edward I. Altman. It is used for predicting financial stress and the probability of a publicly traded firm going bankrupt in the next two years. The formula uses a combination of five financial ratios, with weighted coefficients that require various values from the firm's financial statements namely, income statement and balance sheet.