Altman Z Score Analysis of Carter Bankshares Inc. - Deep Dive
Birds's Eye
Fundamentals
Fundamentals
Technicals
MovingAverage
Candlestick
PivotPointLatest FY Altman Z Score
Period Ending - Dec-23
Poor Altman Z Score
0.201
Period Ending - Dec-22
Poor Altman Z Score
0.197
Growth
2.05 %
Latest Altman Z Score
Period Ending - 31-May-24
Poor Altman Z Score
0.243
Key Inputs in Deriving Altman Z Score
| (Net Working Capital / Total Assets ) * 1.2 ( 0 Cr / 451.25 Cr ) * 1.2 | 0 |
| (Retained Earning / Total Assets ) * 1.4 ( 30.91 Cr / 451.25 Cr ) * 1.4 | 0.096 |
| (EBIT / Total Assets ) * 3.3 ( 9.73 Cr / 451.25 Cr ) * 3.3 | 0.071 |
| (Total Revenue / Total Assets ) ( 15.41 Cr / 451.25 Cr ) | 0.0341 |
| (Market Cap / Total Liabilities ) *.6 ( 29.34 Cr / 416.13 Cr ) *.6 | 0.0423 |
| Altman Z Score | 0.243 |
Altman Z Score Analysis of Carter Bankshares Inc.
| Altman Z Score Ratio of CARE trending up for at least three Years. |
| Altman Z Score Ratio with value of 0.109 was lowest in Year Dec-20 in last Five Years. |
| Latest Altman Z Score Ratio with value of 0.201 is Greater than Average Altman Z Score of 0.172 in last five years. |
Other Altman Z Score Related Info of CARE that may interest you.
Carter Bankshares Inc. Overview
| Code | Price | Previous Price | Price Change | Sector |
|---|---|---|---|---|
| CARE | 12.75 | 12.67 | 0.631 % | Banks-Regional |
Defination of Altman Z Score
Altman Z Score is a widely used metric by analysts and investors to analyze companies' financial position. It indicates that the companies' risks were increasing, and they may have been heading towards bankruptcy. It does not only indicate whether companies are moving towards bankruptcy, but it also indicates how financially stable and healthy they are. more ..
Altman Z Score Related Ratios
| PiotroskiFScore | DebtToEquityRatio |
Tsr Stability Index
| Poor Stability Stock | |
FY - Historical Altman Z Score of Carter Bankshares Inc.
| Period | Dec-23 | Dec-22 | Dec-21 | Dec-20 | Dec-19 | Dec-18 | Dec-17 |
|---|---|---|---|---|---|---|---|
| Altman Z Score | 0.201 | 0.197 | 0.154 | 0.109 | 0.198 | 0.169 | 0.133 |
| Change | 2.05 % | 28.21 % | 41.57 % | -45.18 % | 17.36 % | 26.92 % | -32.14 % |
FY Chart of Altman Z Score of Carter Bankshares Inc.
Note : All Data Generated at the End of Trading Hours (EOD Data)