I have combined these two interests together to create "fiqua", a fledgling company account analyser. Currently, it performs only one calculation: the Altman z-score for non-manufacturers. I plan to add more functionality. The calculator can be downloaded here. The program is free, and contains no spy- or ad- ware. Simply download the file, unzip it, and click on the executable file. Let me know if you have any problems.
The first company I tried it on was TCG.L (Thomas Cook), which is on my watch list - deathwatch list, that is. It looks pretty poorly to the naked eye, but the z-score confirms the bad news. My program calculates it as -1.2, well into the danger zone. Here are the specific numbers I pulled from Digital Look:
Total Assets: 6900
Total Liabilities: 5157
Working Capital: -1922 (Current Assets 1463 - Current Liabilities 3385)
Retained Earnings: -626
EBIT: 167
Mkt Cap: 624
Enjoy!
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4 comments:
When I try to open fiqua.exe my PC gives an error sound and nothing else happens.
MrContrarian
Drats and darn, MrContrarian. Thanks for pointing it out. I will investigate.
MrContrarian,
What Operating System are you using? Windows XP, or 7?
Also, did you run fiqua.exe from its original location, or did you move it?
UPDATE: Computational bug fixed. Note that the software only works on Windows 7, not 98, XP or Vista. Sorry about that.
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