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Sagen MI Canada (TSX:MIC.PR.A.PFD) Altman Z-Score


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What is Sagen MI Canada 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.


Sagen MI Canada (TSX:MIC.PR.A.PFD) Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
2060 Winston Park Drive, Suite 300, Oakville, ON, CAN, L6H 5R7
Sagen MI Canada Inc private sector residential mortgage insurer in Canada. The Company provides mortgage default insurance to Canadian residential mortgage lenders, making homeownership more accessible to first-time homebuyers. The company operates exclusively in Canada, with roughly half its policies in Ontario and remaining policies in Alberta, British Columbia, Quebec and Other.