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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.
McRae Industries has a Altman Z-Score of 11.70, indicating it is in Safe Zones. This implies the Altman Z-Score is strong.
The zones of discrimination were as such:
When Altman Z-Score <= 1.8, it is in Distress Zones.
When Altman Z-Score >= 3, it is in Safe Zones.
When Altman Z-Score is between 1.8 and 3, it is in Grey Zones.
The historical rank and industry rank for McRae Industries's Altman Z-Score or its related term are showing as below:
X1: The Working Capital/Total Assets (WC/TA) ratio is a measure of the net liquid assets of the firm relative to the total capitalization. Working capital is defined as the difference between current assets and current liabilities. Ordinarily, a firm experiencing consistent operating losses will have shrinking current assets in relation to total assets. Altman found this one proved to be the most valuable liquidity ratio comparing with the current ratio and the quick ratio. This is however the least significant of the five factors.
X2: Retained Earnings/Total Assets: the RE/TA ratio measures the leverage of a firm. Retained earnings is the account which reports the total amount of reinvested earnings and/or losses of a firm over its entire life. Those firms with high RE, relative to TA, have financed their assets through retention of profits and have not utilized as much debt.
X3, Earnings Before Interest and Taxes/Total Assets (EBIT/TA): This ratio is a measure of the true productivity of the firm's assets, independent of any tax or leverage factors. Since a firm's ultimate existence is based on the earning power of its assets, this ratio appears to be particularly appropriate for studies dealing with corporate failure. This ratio continually outperforms other profitability measures, including cash flow.
X4, Market Value of Equity/Book Value of Total Liabilities (MVE/TL): The measure shows how much the firm's assets can decline in value (measured by market value of equity plus debt) before the liabilities exceed the assets and the firm becomes insolvent.
X5, Revenue/Total Assets (S/TA): The capital-turnover ratio is a standard financial ratio illustrating the sales generating ability of the firm's assets.
Altman Z-Score does not apply to financial companies.
McRae Industries Altman Z-Score Related Terms
McRae Industries Altman Z-Score Historical Data
* Premium members only.
The historical data trend for McRae Industries's Altman Z-Score can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
MCRAA vs RCKY, DBI, VRA: Altman Z-Score Comparison
For the Footwear & Accessories subindustry, McRae Industries's Altman Z-Score, along with its competitors' market caps and Altman Z-Score data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
McRae Industries Altman Z-Score vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, McRae Industries's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where McRae Industries's Altman Z-Score falls into.
Altman Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.
McRae Industries's Altman Z-Score for today is calculated with this formula:
Z
=
1.2
*
X1
+
1.4
*
X2
+
3.3
*
X3
+
0.6
*
X4
+
1.0
*
X5
=
1.2
*
0.7941
+
1.4
*
0.8867
+
3.3
*
0.1158
+
0.6
*
13.0292
+
1.0
*
1.3062
=
11.70
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency. GuruFocus does not calculate Altman Z-Score when X4 or X5 value is 0.
McRae Industries (MCRAA) has a Altman Z-Score of 11.70 as of Jul. 23, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on McRae Industries and its competitors.
Is McRae Industries' Altman Z-Score too high?
McRae Industries' current Altman Z-Score is 11.70. The Manufacturing - Apparel & Accessories industry median Altman Z-Score is 2.48. McRae Industries' value of 11.70 is 371.8% above this industry median. Overall, McRae Industries has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does McRae Industries' Altman Z-Score compare to RCKY and DBI?
McRae Industries' Altman Z-Score of 11.70 can be compared against companies in the Manufacturing - Apparel & Accessories industry. The industry median Altman Z-Score is 2.48. McRae Industries' value of 11.70 is 371.8% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Altman Z-Score for a Manufacturing - Apparel & Accessories company?
The median Altman Z-Score among Manufacturing - Apparel & Accessories companies is 2.48, based on 1,030 companies in the industry. Companies in the top quartile (top 25%) have a Altman Z-Score significantly above this median, while those in the bottom quartile fall well below. However, Altman Z-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. McRae Industries's current Altman Z-Score of 11.70 is 371.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Altman Z-Score mean?
A high Altman Z-Score can signal that a stock is expensive relative to its fundamentals. The Altman Z-score measures a company's bankruptcy risk. View historical data on McRae Industries and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Altman Z-Score is 2.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. McRae Industries's current Altman Z-Score is 11.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is McRae Industries stock overvalued right now?
McRae Industries (MCRAA) has a current Altman Z-Score of 11.70. The current Altman Z-Score is 11.70 and 371.8% above the Manufacturing - Apparel & Accessories industry median of 2.48. McRae Industries' overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Altman Z-Score calculated?
Altman Z-Score is calculated from a company's financial statements. For McRae Industries (MCRAA), the current Altman Z-Score is 11.70 as of Jul. 23, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
McRae Industries Inc operates in the footwear industry. It is engaged in the manufacturing, sales, and distribution of boot products targeted to the western lifestyle and work boot markets. The company also manufactures military combat boots for the U.S. Government and operates other smaller businesses. It has a wholly owned subsidiary that designs, markets, and distributes men's, women's, and children's footwear under the following brands: Dan Post, Laredo Western Boots, Dingo, and McRae Footwear.
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