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The document contains financial data for a company from 2012 to 2015 including cash, assets, liabilities, equity, revenue, expenses, earnings, and share information. The Altman Z-score, which measures financial distress, increased over the period indicating improving financial health for the company.

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Nidhi Kaushik
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39 views4 pages

SCF

The document contains financial data for a company from 2012 to 2015 including cash, assets, liabilities, equity, revenue, expenses, earnings, and share information. The Altman Z-score, which measures financial distress, increased over the period indicating improving financial health for the company.

Uploaded by

Nidhi Kaushik
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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2012 2013 2014 2015

cash 100.00 170.00 120.00 200.00


accounts receivable 200.00 280.00 160.00 320.00
inventory 300.00 400.00 220.00 430.00
other CA 400.00 450.00 300.00 470.00
total CA 1000.00 1300.00 800.00 1420.00
FA 4000.00 3800.00 3700.00 3600.00
total Assets 5000.00 5100.00 4500.00 5020.00
accounts payable 100.00 140.00 30.00 110.00
notes payable 150.00 210.00 70.00 200.00
Other CL 250.00 300.00 90.00 260.00
total CL 500.00 650.00 190.00 570.00
Long term debt 3200.00 2850.00 2550.00 2300.00
total Liabilities 3700.00 3500.00 2740.00 2870.00
common shares 1200.00 1400.00 1500.00 1800.00
retained earning 100.00 200.00 260.00 350.00
total equity 1300.00 1600.00 1760.00 2150.00
total Liabilities & Equity 5000.00 5100.00 4500.00 5020.00

altman Z-score
1.2a+1.4b+3.3c+0.6d+e

2012 2013 2014 2015


a 0.1 0.127451 0.135556 0.169323
b 0.02 0.039216 0.057778 0.069721
c 0.088 0.085294 0.065556 0.075697
d 1.243243 1.428571 1.605839 1.916376
e 0.18 0.196078 0.177778 0.219124

2012 2013 2014 2015


1.2 0.12 0.152941 0.162667 0.203187
1.4 0.028 0.054902 0.080889 0.09761
3.3 0.2904 0.281471 0.216333 0.249801
0.6 0.745946 0.857143 0.963504 1.149826
1 0.18 0.196078 0.177778 0.219124

Z-score 1.364346 1.542535 1.60117 1.919547


Final Result

The lower the Z-score, the higher the chances that a company is heading towards Ba
an increase in Z-score is observed, over the period, so, the company's financial he
2012 2013 2014 2015
revenue 900.00 1000.00 800.00 1100.00
COGS 400.00 500.00 450.00 650.00
GP 500.00 500.00 350.00 450.00
Operating Exp 20.00 25.00 15.00 30.00
Depreciation 40 40 40 40
EBIT 440.00 435.00 295.00 380.00
Interest payable 160 142.5 127.5 115
EBT 280.00 292.50 167.50 265.00
taxes 84 87.75 50.25 79.5
Net Income 196.00 204.75 117.25 185.50
dividends 146 104.75 57.25 95.5
share o/s (millions) 100.00 100.00 100.00 100.00
Market Price ($/share) 46.00 50.00 44.00 55.00
pany is heading towards Bankruptcy. However
, the company's financial health is improving

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