The Altman Z-Score: Your Tool for Bankruptcy Prediction, formula, and applications
Predicting financial failure is more important than ever. Over 20,000 companies in the U.S. filed for bankruptcy in 2024 alone, a sharp rise from previous years. For investors, lenders, and business owners, the risk of collapse is real and growing. That’s where the Altman Z-Score comes in. Created by Dr. Edward Altman in 1968, this…