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First National Financial (TSX:FN) Altman Z-Score


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What is First National Financial 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.

First National Financial (TSX:FN) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First National Financial Corp (TSX:FN) » Definitions » Altman Z-Score
Comparable Companies
TSX:TF TSX:MKP TSX:AI TSX:ECN TSX:FC TSX:DLCG TSXV:BCF TSXV:FDI XCNQ:STX COOP PFSI NSE:LICHSGFIN WD NSE:PNBHOUSING BOM:543335 LSE:OSB LSE:PAG FNMA RKT BOM:541988
Traded in Other Exchanges
FNLIF:USA 63Z:Germany FN.PR.B.PFD:Canada FN.PR.A.PFD:Canada
Address
16 York Street, Suite 1900, Toronto, ON, CAN, M5J 0E6
Website
https://www.firstnational.ca
First National Financial Corp is the parent company of First National Financial LP, a Canadian originator, underwriter, and servicer of predominantly prime residential and commercial mortgages. The company controls its First National Mortgage Investment Fund, which manages economic exposure to a diversified portfolio of primarily commercial mezzanine mortgages. Most mortgages originated by First National are funded either by placement with institutional investors or through securitization conduits, in each case with retained servicing. In general, originations are allocated from one funding source to another depending on market conditions and strategic considerations related to maintaining diversified funding sources.