Money Tools

Altman Z-Score Calculator

Estimate a simplified Altman Z-Score from working capital, retained earnings, EBIT, market value of equity, liabilities, assets, and sales.

Updated April 14, 2026
Free online tool
Planning and research use

Use calculator More money tools

Why this page exists

Distress-screening math gets easier to review when balance-sheet and income-statement inputs are combined into one weighted score instead of being compared line by line. This calculator helps visitors estimate a simplified Altman Z-Score from common working-capital, earnings, leverage, and sales inputs.

Interactive tool

Run the estimate

Enter your numbers and read the result first, then use the sections below to understand what affects the outcome.

Calculator

Altman Z-Score calculator

Estimate a simplified Altman Z-Score from working capital, retained earnings, EBIT, market value of equity, liabilities, assets, and sales.

Result

3.16

Estimated Altman Z-Score using the classic public-manufacturing weighting of working capital, retained earnings, EBIT, market-value-of-equity leverage, and sales relative to the asset and liability base entered.

Altman Z-Score3.16

Working capital / total assets0.189

Retained earnings / total assets0.232

EBIT / total assets0.147

Market value of equity / total liabilities1.292

Sales / total assets1.347

Reference noteLower distress risk in this screen

$1,800,000 of working capital, $2,200,000 of retained earnings, $1,400,000 of EBIT, $6,200,000 of market value of equity, and $12,800,000 of sales were compared with $9,500,000 of assets and $4,800,000 of liabilities.
Using the standard weighting, those inputs produce an Altman Z-Score near 3.16.
Use the result as a quick screening signal only, because company type, accounting choices, and alternative Z-Score variants can change how the number should be interpreted.

This is a simplified screening estimate, not financial advice. The classic public-manufacturing Altman Z-Score formula may not fit every company type or reporting method.

Planning note

Last updated April 14, 2026. Use this tool to compare scenarios and plan ahead, then confirm important details with the lender, employer, insurer, contractor, or other qualified provider involved in the final decision.

How it works

What the calculator is doing

Enter working capital, retained earnings, EBIT, market value of equity, total liabilities, total assets, and sales.

The calculator applies the standard public-manufacturing Altman Z-Score weights to each ratio component.

It shows the resulting Z-Score plus the main ratio components used in the estimate.

Understanding your result

This is a simplified screening metric, not financial advice. The original Altman model was built for a specific company profile, so the result is best used as a quick risk screen instead of a final judgment.

Browse more money tools

Examples

Ways people use this tool

Example scenarios help turn a quick estimate into a more useful comparison or planning step.

Turn several financial ratios into one screen

A single Z-Score can make it easier to compare financial-stress signals than reading each input separately.

Compare one reporting period with another

Running the same formula across multiple periods can show whether the screening result is improving or weakening.

Use it with liquidity and leverage tools

Altman Z-Score often makes more sense when reviewed beside current ratio, retained earnings, and debt-based checks.

FAQ

Common questions

How is Altman Z-Score calculated here?

The calculator uses the standard public-manufacturing weighted formula built from working capital, retained earnings, EBIT, market value of equity relative to liabilities, and sales relative to assets.

Why is this called a simplified screen?

It uses one classic formula directly from the inputs entered, but real credit or equity analysis usually reviews industry fit, accounting choices, and company-specific context too.

Does one Z-Score guarantee distress or safety?

No. It is best treated as a screening signal rather than a final pass-or-fail conclusion.

Related tools

Keep comparing

Use these related tools to compare nearby scenarios, check a second estimate, or keep narrowing down the right decision.

Money ToolsUpdated April 12, 2026