Cleco Corporation (CNL)
Cleco Corporation Altman Z-Score: 1.495
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CNL Altman Z-Score Rankings
| Overall | 31st percentile | 2446 of 3550 |
| Sector | 80th percentile | 20 of 100 in Utilities |
| Industry | 88th percentile | 5 of 45 in Electric Utilities |
CNL Altman Z-Score Range, Past 5 Years
| Minimum | 0.9964 | Mar 2010 |
| Maximum | 1.495 | May 25 2012 |
| Average | 1.228 |
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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Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| CNL | 40.93 | +0.25 | +0.61% | 2.489B |
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| CLNY | 16.79 | +0.09 | +0.54% | 555.92M |
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