Altman, E.

Edward Altman is an American economist best known for developing the Altman Z-score, a financial model used to predict a company's likelihood of bankruptcy. The Z-score analyzes various financial ratios from a company's balance sheet and income statement to assess its financial health. This tool helps investors, lenders, and managers identify potential financial distress early, enabling proactive decision-making. Altman’s work is influential in finance, particularly in credit risk assessment and corporate financial analysis, offering a systematic approach to evaluate a company's stability based on its recent financial data.