International Journal of Science and Research (IJSR)

International Journal of Science and Research (IJSR)
Open Access | Fully Refereed | Peer Reviewed

ISSN: 2319-7064


Downloads: 138 | Weekly Hits: ⮙1 | Monthly Hits: ⮙2

Research Paper | Finance | India | Volume 9 Issue 8, August 2020


Measuring the Effectiveness of Altman Z Score on Indian Companies

Anuja Mandvekar


Abstract: The Altman Z Score is used to measure a company’s financial performance, estimate the likelihood of financial distress and predict its bankruptcy. The following study focuses on predicting bankruptcy of the selected Indian companies two years prior to the occurring of the event. Four companies have been selected to check the accuracy and efficiency of the model. As per the model, bankruptcy could be predicted two years prior to the happening on the event in India. In conclusion, the Altman Z score can be applied to other Indian companies to predict bankruptcy and measure its financial health.


Keywords: Altman Z Score, Financial Health, Bankruptcy, Indian Companies


Edition: Volume 9 Issue 8, August 2020,


Pages: 198 - 202


How to Cite this Article?

Anuja Mandvekar, "Measuring the Effectiveness of Altman Z Score on Indian Companies", International Journal of Science and Research (IJSR), https://www.ijsr.net/get_abstract.php?paper_id=SR20802105514, Volume 9 Issue 8, August 2020, 198 - 202

How to Share this Article?

Enter Your Email Address


Similar Articles with Keyword 'Bankruptcy'

Downloads: 66

Doctoral Thesis, Finance, Morocco, Volume 9 Issue 11, November 2020

Pages: 1188 - 1197

The Failure of SMEs: Review of Literature and Development in Morocco

Ait Soudane Jalila, Essalhi Omar

Share this Article

Downloads: 83

Research Paper, Finance, Morocco, Volume 9 Issue 8, August 2020

Pages: 1359 - 1370

Discriminant Analysis of Companies Failure: Application to Moroccan SME

Pr. AIT Soudane Jalila, Essalhi Omar

Share this Article

Similar Articles with Keyword 'Z'

Downloads: 138 | Weekly Hits: ⮙1 | Monthly Hits: ⮙2

Case Studies, Finance, Tunisia, Volume 8 Issue 8, August 2019

Pages: 1744 - 1749

Scoop on Tunisian Banking System Vulnerabilities and Monetary Policy Features after the Financial Crisis and Political Instability

Salha Ben Salem

Share this Article

Downloads: 122

Research Paper, Finance, China, Volume 9 Issue 7, July 2020

Pages: 1331 - 1344

Impact of Age Population Structure on Transport Infrastructure Investments

Michael Kwabena Ofori

Share this Article

Similar Articles with Keyword 'Score'

Downloads: 93

Research Paper, Finance, Rwanda, Volume 9 Issue 8, August 2020

Pages: 998 - 1003

Effect of Behavioral Finance on the Participation of Investors in the Stock Exchange Market, in Rwanda

Bahizi.J, Mulyungi.P

Share this Article

Downloads: 95

Masters Thesis, Finance, China, Volume 9 Issue 10, October 2020

Pages: 1257 - 1264

The Influence of International Direct Investment on Enterprise Performance

Tongna Che

Share this Article

Similar Articles with Keyword 'Financial'

Downloads: 138 | Weekly Hits: ⮙1 | Monthly Hits: ⮙2

Case Studies, Finance, Tunisia, Volume 8 Issue 8, August 2019

Pages: 1744 - 1749

Scoop on Tunisian Banking System Vulnerabilities and Monetary Policy Features after the Financial Crisis and Political Instability

Salha Ben Salem

Share this Article

Downloads: 154

Research Paper, Finance, Qatar, Volume 8 Issue 11, November 2019

Pages: 1114 - 1129

Beyond Myself: A Phenomenological Study on the Financing Decision Deeds of Overseas Filipino Workers in Qatar

Dr. Fredelito Don John A. Vallesteros, Carlisle Justin Cachuela, Andrei Anthony Y. Sanchez, Dean Daniel T. Santos, Precious Krystal V. Aguba, Juliana Claudette C. Almario, Eliza Elmira Q. Castillo, Dianne Mae B. Menez

Share this Article

Similar Articles with Keyword 'Health'

Downloads: 4 | Weekly Hits: ⮙1 | Monthly Hits: ⮙2

Masters Thesis, Finance, Kenya, Volume 10 Issue 9, September 2021

Pages: 260 - 267

Effects of Taxation on Public Infrastructure Financing in Nairobi City County, Kenya

Wafula Isabella, Ndede Fredrick

Share this Article

Downloads: 11 | Monthly Hits: ⮙1

Research Paper, Finance, India, Volume 10 Issue 4, April 2021

Pages: 696 - 704

Impact of COVID-19 on Stocks - An Empirical Evidence from Vaccine - Developing Pharmaceutical Companies in India and the USA

Rahul Kotecha

Share this Article
Top