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RENN Universal Growth Investment Trust (LSE:RUG) Altman Z-Score


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What is RENN Universal Growth Investment Trust 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.


RENN Universal Growth Investment Trust (LSE:RUG) Business Description

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RENN Universal Growth Investment Trust PLC is an investment trust. Its objective is to achieve capital growth and to outperform its benchmark, the Russell 2000 Index. The Company invests in securities issued by the companies listed, quoted or domiciled in the US and Canada. The Company invests in privately placed common stock, preferred stock and convertible debentures of companies having a market capitalization below $1 billion.