Altman Z-Score Calculator – Fixed Income Tools – Multi-Tools

Altman Z-Score Calculator

Calculate the Altman Z-Score to assess bankruptcy risk and financial health. This model uses five financial ratios to predict the probability of a business becoming insolvent.

Working Capital / Total Assets (X₁)

Working Capital ($)

Current Assets – Current Liabilities

Total Assets ($)

Retained Earnings / Total Assets (X₂)

Retained Earnings ($)

EBIT / Total Assets (X₃)

EBIT ($)

Earnings Before Interest and Taxes

Market Value of Equity / Total Liabilities (X₄)

Market Value of Equity ($)

Total Liabilities ($)

Sales / Total Assets (X₅)

Sales ($)

Z-Score Analysis

Z-Score Result

0.00

Component Analysis

Component	Ratio	Weight	Contribution

Component Visualization

Risk Zones

Related Tools

How to Use

Enter working capital and total assets
Input retained earnings
Provide EBIT value
Enter market value and liabilities
Input sales figures

Interpretation:

Z > 2.99: “Safe” Zone
1.81 < Z < 2.99: "Grey" Zone
Z < 1.81: "Distress" Zone