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Key Details of Simple Z Score Calculator

  • Assess the financial viability of your clients and suppliers.
  • Last updated on
  • There have been 7 updates
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    Clean (it’s extremely likely that this software program is clean)


Developer’s Description

Assess the financial viability of your clients and suppliers.
Simple Z Score Calculator is one of the tools used by financial analysts to assess the viability of a business. Corporate failure is linked to a series of actions which are related to a company's fundamentals which long-term reflect the likelihood of a business going bankrupt. According to this statement, Prof.E.I.Altman developed in 1968 a multivariate statistical model considering a linear combination of several financial ratios that allow to differentiate between failing companies a non-failing ones. 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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Full Specifications

GENERAL
Release
Latest update
Version
1.23
OPERATING SYSTEMS
Platform
Android
Additional Requirements
Android 2.3.3 and up
POPULARITY
Total Downloads
133
Downloads Last Week
0

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