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Scirj Volume III, Issue XII, December 2015 Edition
ISSN: 2201-2796

Using Altmanís Model and Current Ratio to Assess the Financial Distress of Listed Companies in the Default board of Colombo Stock Exchange

P.RAJKUMAR

Abstract: Risk of financial failure is defined as the inability of a firm to pay its current liabilities. Financial failure may lead firms to bankrupt or go into liquidation. This study uses Edward Altman’s financial distress prediction model and current ratio to assess financial situation of Companies listed in the default board of the Colombo Stock Exchange (CSE). The population of this study is composed of 8 selected listed Companies of Colombo Stock Exchange. The secondary data for assessment were obtained from the financial report of the particular Companies. This study found that there are financial distressed companies listed in the Colombo Stock Exchange.Study concluded that Edward Altman model and current ratio are useful tools for investor to predict financial failure of companies.

Reference this Paper: Using Altmanís Model and Current Ratio to Assess the Financial Distress of Listed Companies in the Default board of Colombo Stock Exchange by P.RAJKUMAR published at: "Scientific Research Journal (Scirj), Volume III, Issue XII, December 2015 Edition, Page 1-6 ".

Search Terms: Financial Analysis, Z Score, Current Ratio, CSE

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