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Altman Z-Score for Veritec, Inc.

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VRTC: Veritec, Inc.

Veritec, Inc., together with its subsidiaries, engages in the development, sale, and licensing of products and providing services related to its mobile banking solutions in the United States. The comp...

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Analysis

Fiscal Years
Trailing Twelve Months
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The following section summarizes insights on Veritec, Inc.'s Altman Z-Score:

Jun 2016Jun 2018Jun 2020Jun 2022Jun 2024-800.0-600.0-400.0-200.0
Performance Summary
  • Veritec's latest twelve months altman z-score is -710.1
  • Veritec's altman z-score for fiscal years ending June 2020 to 2024 averaged -403.1.
  • Veritec's operated at median altman z-score of -393.9 from fiscal years ending June 2020 to 2024.
  • Looking back at the last 5 years, Veritec's altman z-score peaked in June 2020 at -171.5.
  • Veritec's altman z-score hit its 5-year low in June 2023 of -678.0.
  • Veritec's altman z-score decreased in 2021 (-181.4, +5.8%), 2022 (-590.6, +225.6%), and 2023 (-678.0, +14.8%) and increased in 2020 (-171.5, -56.1%) and 2024 (-393.9, -41.9%).

Benchmarks

Metric Usage: Altman Z-Score

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Altman Z-Score

A formula used to predict the probability that a firm will go into bankruptcy within two years.

Definition of Altman Z-Score

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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
Click the link below to download a spreadsheet with an example Altman Z-Score calculation for Veritec, Inc. below:

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