NOW IT'S FREE: Altman Z-Score Trading Tools is financial application designed to help you to perform a financial statement analysis based on the Altman Z-Score model to predict the probability that a company will go into bankruptcy.
This trading tool allows:
☆ Store (save, load, and delete) your calculations to the internal memory or the SD memory Card for next time (useful to compare similar companies or a compare a company over different periods)
☆ Get help (SOS button) about each item needed for the calculations
About Altman Z-Score (source: Wikipédia):
The Z-score formula for predicting bankruptcy was published in 1968 by Edward I. Altman, who was, at the time, an Assistant Professor of Finance at New York University.
The formula may be used to predict the probability that a firm will go into bankruptcy within two years. Z-scores are used to predict corporate defaults and an easy-to-calculate control measure for the financial distress status of companies in academic studies. The Z-score uses multiple corporate income and balance sheet values to measure the financial health of a company.
