basic

Altman Z-Score Private Non-Manufacturer Calculator

Z′ = 0.717·X₁ + 0.847·X₂ + 3.107·X₃ + 0.420·X₄ + 0.998·X₅

Calculates the Altman Z′-score for private non-manufacturing firms from working capital, retained earnings, EBIT, book equity, and sales ratios to predict financial distress risk.

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Nadia Almasri By Nadia Almasri
Published Last reviewed 1 min read

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How to use this calculator

  1. Fill in the inputs above using the units you already have.
  2. Values update automatically as you type — no submit button needed.
  3. Hover any result row for the underlying formula and intermediate values.

Formula

Z′ = 0.717·WC/TA + 0.847·RE/TA + 3.107·EBIT/TA + 0.420·BV/EQ + 0.998·Sales/TA

In depth

Calculates the Altman Z′-score for private non-manufacturing firms from working capital, retained earnings, EBIT, book equity, and sales ratios to predict financial distress risk.