GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Australian Foundation Investment Co Ltd (ASX:AFI) » Definitions » Altman Z-Score

Australian Foundation Investment Co (ASX:AFI) Altman Z-Score


View and export this data going back to 1962. Start your Free Trial

What is Australian Foundation Investment Co Altman Z-Score?

The Altman Z-Score is a model designed to predict the likelihood of a company going bankrupt within the next two years. Created by American finance professor Edward Altman in 1968, the model is specifically designed for publicly traded manufacturing companies with assets greater than $1 million.

Altman Z-Score does not apply to banks and insurance companies.


Australian Foundation Investment Co Business Description

Traded in Other Exchanges
N/A
Address
101 Collins Street, Level 21, Melbourne, VIC, AUS, 3000
Australian Foundation Investment Co Ltd is an asset management company which invests in Australian and New Zealand equities. It aims to provide shareholders with attractive investment returns through access to a growing stream of fully franked dividends and enhancement of capital invested. Its investment goals are to pay dividends, which, over time, grow faster than the rate of inflation, and to provide attractive total returns over the medium to long term.