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

被引:0
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作者
Zainuddin, Zaemah [1 ]
Tapa, Afiruddin [1 ]
Rahim, Adilah Irdahwani Abdul [1 ]
机构
[1] Univ Utara Malaysia, UUM Coll Business, Sch Econ Finance & Banking, Sintok 06010, Kedah, Malaysia
关键词
OWNERSHIP;
D O I
10.1063/1.5055546
中图分类号
O59 [应用物理学];
学科分类号
摘要
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.
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