Altman Z-Score Calculator
Calculate the Altman Z-Score to predict the probability of corporate bankruptcy within two years.
How to Use the Altman Z-Score Calculator
- Enter working capital, total assets, and retained earnings.
- Enter EBIT, market cap, and total liabilities.
- Enter annual sales.
- Click Calculate to see Z-Score and risk zone.
使用场景
- •Bankruptcy prediction
- •Credit analysis
- •Investment risk screening
公式
Z = 1.2×X1 + 1.4×X2 + 3.3×X3 + 0.6×X4 + 1.0×X5
常见问题
What do the Z-Score zones mean?
Above 2.99 is safe, 1.81-2.99 is the grey zone (uncertain), below 1.81 indicates distress risk.
How accurate is the Z-Score?
Altman's original study showed 95% accuracy in predicting bankruptcy one year prior for manufacturing firms.
Is this calculator free?
Yes, all calculators are completely free.