Altman Z Score Analysis of First Merchants Corp. - Deep Dive
Birds's Eye
Fundamentals
Fundamentals
Technicals
MovingAverage
Candlestick
PivotPointLatest FY Altman Z Score
Period Ending - Dec-23
Poor Altman Z Score
0.221
Period Ending - Dec-22
Poor Altman Z Score
0.176
Growth
25.70 %
Latest Altman Z Score
Period Ending - 31-May-24
Poor Altman Z Score
0.294
Key Inputs in Deriving Altman Z Score
| (Net Working Capital / Total Assets ) * 1.2 ( 0 Cr / 1830.95 Cr ) * 1.2 | 0 |
| (Retained Earning / Total Assets ) * 1.4 ( 115.46 Cr / 1830.95 Cr ) * 1.4 | 0.088 |
| (EBIT / Total Assets ) * 3.3 ( 53.56 Cr / 1830.95 Cr ) * 3.3 | 0.097 |
| (Total Revenue / Total Assets ) ( 66.76 Cr / 1830.95 Cr ) | 0.0365 |
| (Market Cap / Total Liabilities ) *.6 ( 193.56 Cr / 1606.18 Cr ) *.6 | 0.072 |
| Altman Z Score | 0.294 |
Altman Z Score Analysis of First Merchants Corp.
| Altman Z Score Ratio of FRME trending up for at least three Years. |
| Altman Z Score Ratio with value of 0.169 was lowest in Year Dec-20 in last Five Years. |
| Latest Altman Z Score Ratio with value of 0.221 is Greater than Average Altman Z Score of 0.186 in last five years. |
Other Altman Z Score Related Info of FRME that may interest you.
First Merchants Corp. Overview
| Code | Price | Previous Price | Price Change | Sector |
|---|---|---|---|---|
| FRME | 33.05 | 32.51 | 1.66 % | 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
| Low Stability Stock | |
FY - Historical Altman Z Score of First Merchants Corp.
| Period | Dec-23 | Dec-22 | Dec-21 | Dec-20 | Dec-19 | Dec-18 | Dec-17 |
|---|---|---|---|---|---|---|---|
| Altman Z Score | 0.221 | 0.176 | 0.171 | 0.169 | 0.194 | 0.211 | 0.167 |
| Change | 25.70 % | 2.89 % | 1.30 % | -12.94 % | -7.84 % | 26.04 % | -7.36 % |
FY Chart of Altman Z Score of First Merchants Corp.
Note : All Data Generated at the End of Trading Hours (EOD Data)