C2C Advanced SystemsNSE:C2C +0.48%18 Altman Z-Score is 8.12 as of Jul. 01, 2026. GuruFocus rates NSE:C2C with a GF Score™ of 18/100. Among 2,763 Software companies, C2C Advanced Systems ranks better than 83.75% on this metric.
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.
C2C Advanced Systems has a Altman Z-Score of 8.12, 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 C2C Advanced Systems's Altman Z-Score or its related term are showing as below:
C2C Advanced Systems (NSE:C2C) Altman Z-Score Explanation
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.
C2C Advanced Systems Altman Z-Score Related Terms
C2C Advanced Systems Altman Z-Score Historical Data
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The historical data trend for C2C Advanced Systems'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.
NSE:C2C vs IBM, ACN, FISV: Altman Z-Score Comparison
For the Information Technology Services subindustry, C2C Advanced Systems'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.
C2C Advanced Systems Altman Z-Score vs Software Industry
For the Software industry and Technology sector, C2C Advanced Systems's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where C2C Advanced Systems'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.
C2C Advanced Systems'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
*
0.6364
+
1.4
*
0.1603
+
3.3
*
0.1602
+
0.6
*
10.2694
+
1.0
*
0.4386
=
8.12
* 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.
C2C Advanced Systems (NSE:C2C) has a Altman Z-Score of 8.12 as of Jul. 01, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on C2C Advanced Systems and its competitors. According to the industry distribution chart, C2C Advanced Systems ranks #449 out of 2763 companies in the Software industry, placing it in the top 16.3%.
Is C2C Advanced Systems' Altman Z-Score too high?
C2C Advanced Systems' current Altman Z-Score is 8.12. The Software industry median Altman Z-Score is 3.11. C2C Advanced Systems' value of 8.12 is 161.1% above this industry median. Based on the distribution chart, C2C Advanced Systems ranks #449 out of 2763 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, C2C Advanced Systems has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does C2C Advanced Systems' Altman Z-Score compare to IBM and ACN?
According to the Software industry distribution chart, C2C Advanced Systems ranks #449 out of 2763 companies for Altman Z-Score. This places C2C Advanced Systems in the top 16% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 3.11. C2C Advanced Systems' value of 8.12 is 161.1% 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 Software company?
The median Altman Z-Score among Software companies is 3.11, based on 2,763 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. C2C Advanced Systems's current Altman Z-Score of 8.12 is 161.1% 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 C2C Advanced Systems and its competitors. For the Software industry, the median Altman Z-Score is 3.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. C2C Advanced Systems's current Altman Z-Score is 8.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is C2C Advanced Systems stock overvalued right now?
C2C Advanced Systems (NSE:C2C) has a current Altman Z-Score of 8.12. The current Altman Z-Score is 8.12 and 161.1% above the Software industry median of 3.11. C2C Advanced Systems' overall GF Score™ is 18/100. 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 C2C Advanced Systems (NSE:C2C), the current Altman Z-Score is 8.12 as of Jul. 01, 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.
C2C Advanced Systems Ltd is a vertically integrated Defence electronics solutions provider catering to the indigenously developed defence products industry in India. The company has developed several offerings which cater to the entire spectrum of defence platforms both in the air and in the sea. It has design capabilities across the entire spectrum of strategic defence solutions including processors, power, radio frequencies (RF), radars and microwaves, embedded software and firmware. its core competencies include hardware design and development, software design and development, mechanical design and development, product prototype design and development, functional testing and validation, environment testing and verification and engineering services opportunities.
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