Altman Z-Score Calculator

1968 publicly traded manufacturing model as restated by Altman in Figure 2 of his 2002 paper, using its displayed sales coefficient of 1.0. Use consistent currency/reporting period and the paper's tangible-asset definition. Not private-company, bank or nonmanufacturing variants; score is not a bankruptcy probability or investment rating.

1968 publicly traded manufacturing model as restated by Altman in Figure 2 of his 2002 paper, using its displayed sales coefficient of 1.0. Use consistent currency/reporting period and the paper's tangible-asset definition. Not private-company, bank or nonmanufacturing variants; score is not a bankruptcy probability or investment rating.

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Result

Enter your values and run the tool to see your result.

How to use this tool

Check the units, enter your values, and run the tool. Results follow the assumptions and method below.

Calculation method

Altman Z score1.2*working/assets+1.4*retained/assets+3.3*ebit/assets+0.6*equity/liabilities+sales/assets

References