The z-score can be used to calculate probabilities and percentiles for a given dataset. This is particularly useful in ...

A score below 1.8 means it's likely the company is headed for bankruptcy, while companies with scores above 3 are not likely to go bankrupt. Investors can use Altman Z-scores to determine whether ...

We reconstruct the Z-score, making adjustments for earnings management.We apply the adjusted Z-score to measure the degree of deviation from bankruptcy probability for the bankruptcy sample. We find ...