What does Altman Z Score (2) mean?
The Z-Score is a shorthand to describe the financial health of a company, and its likelihood of financial distress. If the Z Score is falling towards 1.8 then it may be a sell signal. Z2 is the Z-Score for non-manufacturing companies (but excluding property/financial companies) and this version is calculated based using the latest available interim financials.
Stockopedia explains Altman Z Score (2)...
A full description of the Z-Score can be found in this article.
