Altman's Z-Score is a financial formula developed by Edward I. Altman in the 1960s that is used to predict the likelihood of a company entering bankruptcy within the next two years. Utilizing multiple corporate income and balance sheet values, this score provides an insight into the financial stability of a business.
Taffler's Z Score is a financial metric used to predict the likelihood of a company going bankrupt within a year, specifically tailored to UK-based companies. It is often compared to other financial distress prediction models, such as the Altman Z Score.
