TY - JOUR
T1 - A study on the financial soundness of Indian automobile industries using Altman Z-Score.
AU - Swalih, M M
AU - Adarsh, K
AU - Sulphey, M M
N1 - This is an open access article distributed under the terms and conditions of the license Creative Commons Attribution (CC-BY)
PY - 2021
Y1 - 2021
N2 - Altman Z score is an effective tool for measuring a company's financial strength and the possibility of bankruptcy. In this study, the Z score formula was utilized to measure the Indian automobile industry's financial soundness. The financial data of ten automobile companies listed in the National Stoke Exchange (NSE) was taken to analyze both original and emerging market formulae of the Altman Z score. Results suggest that companies of the industry listed in the NSE are financially sound. The study concluded that the Indian automobile industry is sound and robust, and the automobile companies are not prone to financial distress or bankruptcy in the near future.
AB - Altman Z score is an effective tool for measuring a company's financial strength and the possibility of bankruptcy. In this study, the Z score formula was utilized to measure the Indian automobile industry's financial soundness. The financial data of ten automobile companies listed in the National Stoke Exchange (NSE) was taken to analyze both original and emerging market formulae of the Altman Z score. Results suggest that companies of the industry listed in the NSE are financially sound. The study concluded that the Indian automobile industry is sound and robust, and the automobile companies are not prone to financial distress or bankruptcy in the near future.
UR - https://growingscience.com/ac/Vol7/acvol7no2.html
U2 - 10.5267/j.ac.2020.12.001
DO - 10.5267/j.ac.2020.12.001
M3 - Article
VL - 7
SP - 295
EP - 298
JO - Accounting (Growing Science)
JF - Accounting (Growing Science)
IS - 2
ER -
