Examine The Financial Health Of The Listed Technology Companies In Malaysia Using Altman's Z-Score Test.

Autor: Zainuddin, Zaemah, Tapa, Afiruddin, Rahim, Adilah Irdahwani Abdul
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Zdroj: AIP Conference Proceedings; 2018, Vol. 2016 Issue 1, p1-7, 7p, 1 Color Photograph, 2 Diagrams, 2 Charts
Abstrakt: Altman's Z-Score Model were used to explain the optimal capital strucutre, the financial ratio trends and the financial health of listed technology companies in Malaysia within the given period (2012-2016). The value is ranged between Z > 2.99 (healthy), Z < 1.81 (bankruptcy) and 1.81 ≤ Z ≤ 2.99 (grey zone). The result indicates that the Green Packet Bhd, Omesti Bhd and HeiTech Padu Bhd were having poor financial performance with lowest Z-Score (between grey zone to distress zone) during the given period. While the rest of the listed technology companies were performing good as they achieved Z-Score greater than 2.99. On average, the listed technology companies are using 67.1 per cent of debt and 32.9 per cent of equity to finance their assets. [ABSTRACT FROM AUTHOR]
Databáze: Complementary Index