Altman Z Score Analysis of Euroseas Ltd - Deep Dive
WARN : Please note that some of the values may not be in base currency

Latest FY Altman Z Score
Period Ending - Dec-23

1.39


Not Good Altman Z Score
Period Ending - Dec-22
1.18

Not Good Altman Z Score
Growth
17.92 %
Latest Altman Z Score
Period Ending - 17-May-24

2.42


Not Good Altman Z Score
Key Inputs in Deriving Altman Z Score
(Net Working Capital / Total Assets ) * 1.2 ( 1.48 Cr / 42.47 Cr ) * 1.2 0.0418
(Retained Earning / Total Assets ) * 1.4 ( 0.793 Cr / 42.47 Cr ) * 1.4 0.0261
(EBIT / Total Assets ) * 3.3 ( 11.50 Cr / 42.47 Cr ) * 3.3 0.894
(Total Revenue / Total Assets ) ( 18.32 Cr / 42.47 Cr ) 0.431
(Market Cap / Total Liabilities ) *.6 ( 27.09 Cr / 15.81 Cr ) *.6 1.03
Altman Z Score2.42
Altman Z Score Analysis of Euroseas Ltd
Altman Z Score Ratio of ESEA trending up for at least three Years.
Altman Z Score Ratio with value of -2.40 was lowest in Year Dec-20 in last Five Years.
Latest Altman Z Score Ratio with value of 1.39 is Greater than Average Altman Z Score of -0.465 in last five years.
Other Altman Z Score Related Info of ESEA that may interest you.
Euroseas Ltd Overview
CodePricePrevious PricePrice ChangeSector
ESEA38.6239.34 1.83 % Marine Shipping
Fundamental AnalysisTechnical Analysis
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 Formula
Altman Z Score Related Ratios
PiotroskiFScoreDebtToEquityRatio
Tsr Stability Index
Good Stability
FY - Historical Altman Z Score of Euroseas Ltd
PeriodDec-23Dec-22Dec-21Dec-20Dec-19Dec-18Dec-17
Altman Z Score1.391.18-0.108-2.40-2.39-4.15-1.87
Change17.92 %1193.78 %95.49 %-0.105 %42.29 %-121.90 %37.70 %
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FY Chart of Altman Z Score of Euroseas Ltd


Note : All Data Generated at the End of Trading Hours (EOD Data)