Cardiome Pharma Corporation (CRME)
Cardiome Pharma Corporation Altman Z-Score: -7.404
View CRME Altman Z-Score with YCharts Pro.
Access these YCharts Pro features:
Export any data you want
Save any chart as an image
Utilize advanced screener power
View 30 years of financial history
over 90 advanced calculations
Enjoy an advertising free experience
CRME Altman Z-Score Rankings
| Overall | 2nd percentile | 3478 of 3550 |
| Sector | 7th percentile | 400 of 433 in Healthcare |
| Industry | 8th percentile | 32 of 35 in Drug Manufacturers - Other |
CRME Altman Z-Score Range, Past 5 Years
| Minimum | -7.404 | May 25 2012 |
| Maximum | 31.28 | Jun 2007 |
| Average | 5.859 |
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.
Learn More
You may also be interested in these CRME related companies
CRME News
about 10 days ago by OysterX
about 58 days ago by WallStreetBeats
about 60 days ago by peoples
about 66 days ago by MarketBuy
about 66 days ago by MarketBuy
about 68 days ago by peoples
about 70 days ago by peoples
about 70 days ago by peoples
Mar 19, 2:25PM Benzinga
about 70 days ago by MarketBuy
Nov 03, 5:09PM GlobeNewswire
Sep 12, 7:28AM FlyOnTheWall
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| CRME | 0.44 | +0.01 | +2.33% | 26.90M |
| CRMD | 0.27 | -0.01 | -3.50% | 3.081M |
| CRM | 147.00 | +0.79 | +0.54% | 20.14B |
| CRL | 33.56 | +0.21 | +0.63% | 1.641B |
| CPA | 83.85 | +0.62 | +0.74% | 3.713B |
| CP | 74.95 | -0.57 | -0.75% | 12.81B |
| COY | 7.40 | -0.04 | -0.54% | |
| COWN | 2.39 | +0.00 | +0.00% | |
| COVR | 1.54 | +0.00 | +0.00% | 39.42M |
| COV | 53.32 | -0.14 | -0.26% | 25.77B |
