Altman (Edward Altman)

Edward Altman is a financial economist best known for creating the Altman Z-Score, a model that predicts a company's likelihood of bankruptcy. It uses key financial ratios from a company’s balance sheet and income statement to assess its financial health. The goal is to identify early warning signs of financial distress, helping investors and creditors make informed decisions. Altman's work is widely used in credit risk analysis and corporate finance to evaluate the stability of businesses before problems become critical.