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Altman Z-Score Calculator

LAST UPDATE: July 5th, 2018

Calculator

What is an Altman Z-Score?

The Altman Z-Score gauges a manufacturing company’s probability of bankruptcy.

Formula

A = Working Capital / Total Assets

B = Retained Earnings / Total Assets

C = EBIT / Total Assets

D = Market Value of Equity / Total Liabilities

E = Sales / Total Assets

Altman Z-Score = (1.2 x A) + (1.4 x B) + (3.3 x C) + (0.6 x D) + E

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