Simple Z-score Calculator 1.35
Free Version
Publisher Description
Financial analysts first assess the viability of a business using Altman’s Z-score. Corporate failure is linked to a series of actions which relate to the company’s fundamentals, and in the 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 and 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.
About Simple Z-score Calculator
Simple Z-score Calculator is a free app for Android published in the Accounting & Finance list of apps, part of Business.
The company that develops Simple Z-score Calculator is Business Research & Applications Limited. The latest version released by its developer is 1.35. This app was rated by 1 users of our site and has an average rating of 2.0.
To install Simple Z-score Calculator on your Android device, just click the green Continue To App button above to start the installation process. The app is listed on our website since 2018-10-02 and was downloaded 77 times. We have already checked if the download link is safe, however for your own protection we recommend that you scan the downloaded app with your antivirus. Your antivirus may detect the Simple Z-score Calculator as malware as malware if the download link to com.matterofbiz.simple.z_score.calculator is broken.
How to install Simple Z-score Calculator on your Android device:
- Click on the Continue To App button on our website. This will redirect you to Google Play.
- Once the Simple Z-score Calculator is shown in the Google Play listing of your Android device, you can start its download and installation. Tap on the Install button located below the search bar and to the right of the app icon.
- A pop-up window with the permissions required by Simple Z-score Calculator will be shown. Click on Accept to continue the process.
- Simple Z-score Calculator will be downloaded onto your device, displaying a progress. Once the download completes, the installation will start and you'll get a notification after the installation is finished.
