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Calliden Group (ASX:CIX) Altman Z-Score


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What is Calliden Group 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.


Calliden Group Business Description

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Calliden Group Limited is an ASX listed company providing general insurance products for small and medium enterprises as well as individual customers in Australia through Calliden Insurance Ltd, a wholly-owned authorized insurance subsidiary of it.