Simple Z-score Calculator
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The result obtained from the model gives what is known as the Z-score. Low values indicate the company has a high probability of failing while high values predict the company is less likely to fail. In fact, Altman’s seminal work predicted correctly 72% of the bankrupted companies two years prior to the event.
However, the Z-score is an explanatory tool rather than an instrument to forecast business viability, and this tool should only be used as a baseline or a first approach to viability assessment. For instance, Altman himself suggests to analyse thoroughly those companies with lower Z-index values while resources and time can be saved with those obtaining higher values.
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[1.22] Improved calculation speed.
[1.21] Now allows to install in your SD card.
[1.15] Removed help screen and upgraded Android version.
[1.10] Improvements in user interface.
[1.05] Includes new company typology: non-manufacturing companies or emerging markets companies.
[1.00] Calculates probability of default by means of the normal density function approximation.