NAME OF THE COMPANY

INCOME STATEMENT

Particulars
Revenues from Operations
Less: Cost of Goods Sold
Gross Profit
Less: Cash Operating Expenses
EBITDA
Less: Depreciation and Amortisation
(Operating Income) EBIT
Add: Non-operating Incomes

Less: Non-operating Expenses (Finance Cost)

EBT
Less: Tax
EAT
Less: Dividends
Retained Earnings

BALANCE SHEET
LIABILITIES
Equity
Share Capital
Other Equity
Non-Current Liabilities
Current Liabilities
Creditors
Total Liabilities and Equity
ASSETS
Non-current Assets
Current Assets
Inventory
Receivables
Cash & Cash Equivalents
Total Assets
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For Non-Manufacturing Companies

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For Non- Manufacturing Compani

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For Private Manu

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 ALTMAN Z SCORE
For Public Manufacturing Companies
Ratio Value Weight Value * Weight
Working Capital / Total Assets 1.2 0
Retained Earnings / Total Assets 1.4 0
Earnings Before Interest and Taxes / Total Assets 3.3 0
Market Value of Equity / Total Liabilities 0.6 0
Sales / Total Assets 1 0
Z Score 0.00
Implied Zone Distress Zone

For Non-Manufacturing Companies operating in Developed Economies

Ratio Value Weight Value X Weight
Working Capital / Total Assets 6.56 0
Retained Earnings / Total Assets 3.26 0
Earnings Before Interest and Taxes / Total Assets 6.72 0
Market Value of Equity / Book Value of Liabilities 1.05 0
Z Score 0.00
Implied Zone Distress Zone

For Non- Manufacturing Companies operating in Emerging Markets

Ratio Value Weight Value X Weight
Working Capital / Total Assets 6.56 0
Retained Earnings / Total Assets 3.26 0
Earnings Before Interest and Taxes / Total Assets 6.72 0
Market Value of Equity / Book Value of Liabilities 1.05 0
Constant 3.25
Z Score 3.25
Implied Zone Safety Zone

For Private Manufacturing Firms

 Ratio Value Weight Value X Weight
Working Capital / Total Assets 0.717 0
Retained Earnings / Total Assets 0.847 0
Earnings Before Interest and Taxes / Total Assets 3.107 0
Book Value of Equity / Total Liabilities 0.420 0
Sales / Total Assets 0.998 0
Z Score 0.00
Implied Zone Distress Zone
 Z' Score f
Interpreting Z Score Public Manufacturing Companies
Safe Zone > 2.99
Grey Zone >= 1.81 but <= 2.99
Distress Zone < 1.81
 Z' Score for -
Private Manufacturing Companies Emerging Markets
> 2.99 > 2.6
>= 1.23 but <= 2.99 >= 1.1 but <= 2.6
< 1.23 < 1.1