Adept Technology (ADEP)
Adept Technology Altman Z-Score: -2.909
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ADEP Altman Z-Score Rankings
| Overall | 3rd percentile | 3409 of 3550 |
| Sector | 2nd percentile | 291 of 299 in Industrial Goods |
| Industry | 1st percentile | 52 of 53 in Diversified Machinery |
ADEP Altman Z-Score Range, Past 5 Years
| Minimum | -4.989 | Jun 2009 |
| Maximum | 1.916 | Jun 2008 |
| Average | -2.103 |
About Altman Z-Score
CAUTION: The Altman Z-Score is meant to be applied only to manufacturing firms that are near bankruptcy. It was not based on a sample including non-manufacturing firms (service firms, banks, etc.). Use it at your own risk with those companies, but beware that bankruptcy probabilities may be misstated.
The Altman Z-Score helps investors to gauge the probability of a company going bankrupt. Generally, firms with a score above 3.00 have a low probability of bankruptcy, and those with a Z-Score of less than 1.81 have a relatively high probability of bankruptcy.
Note that this is a probabilistic model, so it will not classify perfectly.
The score was first published in a 1968 paper by Edward Altman titled "Financial Ratios, Discriminant Analysis and the Prediction of Corporate Bankruptcy."
Altman re-tested the model in a 2000 paper titled "Predicting financial distress of companies: Revisiting the Z-score and Zeta models". The paper showed that the model still had utility for looking at manufacturers, though the number of misclassifications did increase over time.
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ADEP News
May 14, 5:13PM GlobeNewswire
May 02, 11:02PM Seeking Alpha
Apr 12, 8:30AM GlobeNewswire
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Mar 29, 12:00PM GlobeNewswire
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Mar 01, 12:00PM GlobeNewswire
Feb 14, 9:00AM GlobeNewswire
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Feb 01, 8:32PM Seeking Alpha
Jan 23, 6:00PM GlobeNewswire
Jan 10, 1:32PM GlobeNewswire
Dec 21, 12:00PM GlobeNewswire
Dec 15, 1:34PM GlobeNewswire
Nov 01, 8:00AM GlobeNewswire
about 759 days ago by Detroitblues
about 759 days ago by Detroitblues
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