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BNY Mellon Strategic Municipal Bond Fund, Inc. is a closed ended fixed income mutual fund launched and managed by BNY Mellon Investment Adviser, Inc. The fund invests in the fixed income markets of th...
The following section summarizes insights on BNY Mellon Strategic Municipal Bond Fund, Inc.'s Altman Z-Score:
To view the full list of supported financial metrics please see Complete Metrics Listing.
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
The chart above depicts the distribution of altman z-score for companies operating in the Financials sector in the Developed economic region. Over 2,720 companies were considered in this analysis, and 2,616 had meaningful values. The average altman z-score of companies in the sector is 11.8 with a standard deviation of 42.4.
BNY Mellon Strategic Municipal Bond Fund, Inc.'s Altman Z-Score of - ranks in the - percentile for the sector. The following table provides additional summary stats:
| Economic Risk Region | Developed |
| Total Constituents | 2,726 |
| Included Constituents | 2,616 |
| Min | -136.4 |
| Max | 404.3 |
| Median | 3.1 |
| Mean | 11.8 |
| Standard Deviation | 42.4 |
You can find companies with similar altman z-score using this stock screener.