Altman Z-Score Calculator
The original Altman Z-score for public manufacturers — five ratios, one bankruptcy-risk number with the classic zone verdicts.
Formula
Altman's 1968 discriminant model still anchors credit screens: profitability (EBIT/TA) carries the biggest weight, leverage enters via market equity over liabilities. Use Z′ (private firms) or Z″ (non-manufacturers/EM) variants when the original's assumptions don't fit.
Not financial advice — for informational and analytical use only. Verify all figures with a qualified professional before acting on them.
Need altman z-score calculator results fast? Analysts, founders, traders and finance professionals use the Altman Z-Score Calculator to skip the spreadsheet and get a defensible answer in one step — free, private and instant.
About Altman Z-Score Calculator
The original Altman Z-score for public manufacturers — five ratios, one bankruptcy-risk number with the classic zone verdicts. Altman's 1968 discriminant model still anchors credit screens: profitability (EBIT/TA) carries the biggest weight, leverage enters via market equity over liabilities. Use Z′ (private firms) or Z″ (non-manufacturers/EM) variants when the original's assumptions don't fit. The governing relationship is Z = 1.2X₁ + 1.4X₂ + 3.3X₃ + 0.6X₄ + 1.0X₅. The Altman Z-Score Calculator computes entirely in your browser — free, private (your figures never leave your device) and instant, recalculating live as you change any input.
How to use Altman Z-Score Calculator
- 1Enter Working capital (currency), Retained earnings (currency), EBIT (currency), Market value of equity (currency), Annual sales (currency), Total assets (currency) into the Altman Z-Score Calculator.
- 2The result is computed automatically using Z = 1.2X₁ + 1.4X₂ + 3.3X₃ + 0.6X₄ + 1.0X₅ — there is no button to press.
- 3Change any input to model a different scenario, then copy or share the result.
Why use Altman Z-Score Calculator?
- ✓Computes altman z-score calculator instantly with the correct formula — no spreadsheet needed
- ✓100% free and unlimited, with no sign-up, login or paywall
- ✓Runs entirely in your browser, so the figures you enter stay private
- ✓Shows the formula, a live worked example and references so you can defend the number
Frequently asked questions
What is the formula behind the Altman Z-Score Calculator?+
Altman Z-Score Calculator uses Z = 1.2X₁ + 1.4X₂ + 3.3X₃ + 0.6X₄ + 1.0X₅. Altman's 1968 discriminant model still anchors credit screens: profitability (EBIT/TA) carries the biggest weight, leverage enters via market equity over liabilities. The tool substitutes your actual inputs into this relationship and shows the worked example step by step.
What inputs does the Altman Z-Score Calculator need?+
Enter Working capital (currency), Retained earnings (currency), EBIT (currency), Market value of equity (currency), Annual sales (currency), Total assets (currency) and the result updates immediately — there is no button to press. Change any value to model a different scenario in real time.
Is the Altman Z-Score Calculator free, and is my data private?+
Yes — it is completely free with no sign-up or usage limit, and it runs entirely in your browser, so the numbers you enter are never uploaded or stored on any server. It is for informational and analytical use, not financial advice.
What should I watch out for when using the Altman Z-Score Calculator?+
Use Z′ (private firms) or Z″ (non-manufacturers/EM) variants when the original's assumptions don't fit.
What is the Altman Z-Score Calculator based on?+
The method follows authoritative sources: Altman, E. (1968), Journal of Finance 23(4). The formula and references are shown on the page so you can verify and cite the result.
Related Finance tools
Human Life Value (HLV) Calculator
The economic value of your future earnings to your family — the income-replacement basis for sizing a life-insurance cover.
● LiveTerm Life Insurance Coverage Calculator
How much term-life cover you actually need — replacing income, clearing debts and funding goals, net of existing assets and cover.
● LiveDIME Method Life Insurance Calculator
The DIME formula — Debt + Income + Mortgage + Education — a fast, complete way to size a life-insurance cover.
● Live