0 results available. Select is focused ,type to refine list, press Down to open the menu,
ITM Power Plc designs and manufactures proton exchange membrane (PEM) electrolysers in the United Kingdom, Germany, Australia, rest of Europe, and the United States. The company’s product portfolio co...
The following section summarizes insights on ITM Power Plc's Altman Z-Score:
We've identified the following companies as similar to ITM Power Plc because they operate in a related industry or sector. We also considered size, growth, and various financial metrics to narrow down the list to the ones listed below.
To view the full list of supported financial metrics please see Complete Metrics Listing.
Metrics similar to Altman Z-Score in the risk category include:
A formula used to predict the probability that a firm will go into bankruptcy within two years.
Altman Z-Score is a formula used to predict the probability that a firm will go into bankruptcy within two years. The original paper by Professor Edward I. Altman can be found here.
The formula for Z-Score is as follows:
Z = 1.2A + 1.4B + 3.3C + 0.6D + 1.0E
A = Working Capital / Total Assets
B = Retained Earnings / Total Assets
C = EBIT / Total Assets
D = Market Value Of Equity / Book Value Of Total Liabilities
E = Sales / Total Assets
For non-U.S. and financial institutions, a modified version of the formula called Z"-Score is used.
Z" = 6.56A + 3.26B + 6.72C + 1.05D + 3.25
A = Working Capital / Total Assets
B = Retained Earnings / Total Assets
C = Operating Income / Total Assets
D = Book Value of Equity / Book Value Of Liabilities
The formula for Z-Score is as follows:
Z-Score:
Z > 2.99 | Safe Zone
2.99 > Z > 1.81 | Gray Zone
Z < 1.81 | Distress Zone
Z"-Score:
Z > 2.6 | Safe Zone
2.6 > Z > 1.1 | Gray Zone
Z < 1.1 | Distress Zone