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Phoenix Financial (XTAE:PHOE) Altman Z-Score


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What is Phoenix 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.


Phoenix Financial Business Description

Traded in Other Exchanges
N/A
Address
53 Derech Hashalom Street, Givatayim, ISR
Phoenix Financial Ltd provides various insurance and financial products in Israel. The company's segment includes Life insurance and savings, Health, Property and casualty insurance, Pension and provident, Investment house and wealth, Distribution (agencies), and Credit. The activities of the group include multi-line insurance, asset management, credit, and brokerage services.