Simple Z-score Calculator

Simple Z-score Calculator Free App

Rated 3.86/5 (7) —  Free Android application by Business Research & Applications Limited

Advertisements

About Simple Z-score Calculator

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.

How to Download / Install

Download and install Simple Z-score Calculator version 1.31 on your Android device!
Downloaded 1,000+ times, content rating: Everyone
Android package: com.matterofbiz.simple.z_score.calculator, download Simple Z-score Calculator.apk

All Application Badges

Free
downl.
Android
2.3.3+
Bug
buster
For everyone
Android app

App History & Updates

What's Changed
[1.31] Improved user interface.
[1.24] Merged with UK version (includes Taffler calculation).
[1.22] Improved calculation speed.
[1.21] Now allows to install in your SD card.
[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.
Version update Simple Z-score Calculator was updated to version 1.31
Version update Simple Z-score Calculator was updated to version 1.26
Version update Simple Z-score Calculator was updated to version 1.24

What are users saying about Simple Z-score Calculator

C70%
by C####:

Very useful tool

D70%
by D####:

"Application requires new SDK version error" is displayed on installing new version


Share The Word!


Rating Distribution

RATING
3.95
7 users

5

4

3

2

1