Altman Z''-Score (emerging-market) API

Compute the Altman Z''-Score (1995 revision for non-manufacturers/emerging markets): Z'' = 3.25 + 6.56·WC/TA + 3.26·RE/TA + 6.72·EBIT/TA + 1.05·BV-equity/TL, with safe/grey/distress zones (>2.6 / 1.1 / below) and per-factor breakdown. Uses book equity, so no market cap needed. Answers 'Z-Score for a private company','emerging-market bankruptcy score','distress risk for a non-manufacturer'.

Price$0.016per request

MethodPOST

Route/v1/score/credit-altman-z-emerging

StatusLive

MIME typeapplication/json

Rate limit120/minute

CacheNo cache

scorecreditaltmanz-scorebankruptcyemerging-marketprivatedistress

API URLhttps://x402.hexl.dev/v1/score/credit-altman-z-emerging

Integration docs

Example request

{
  "workingCapital": 100,
  "retainedEarnings": 200,
  "ebit": 120,
  "bookValueEquity": 300,
  "totalLiabilities": 500,
  "totalAssets": 800
}

Example response

{
  "model": "Altman Z''-Score (emerging markets, 1995)",
  "zScore": 6.523,
  "zone": "safe",
  "interpretation": "Low distress risk",
  "breakdown": [
    {
      "factor": "X1 WC/TA",
      "value": 0.125,
      "weight": 6.56,
      "contribution": 0.82
    },
    {
      "factor": "X2 RE/TA",
      "value": 0.25,
      "weight": 3.26,
      "contribution": 0.815
    },
    {
      "factor": "X3 EBIT/TA",
      "value": 0.15,
      "weight": 6.72,
      "contribution": 1.008
    },
    {
      "factor": "X4 BV-equity/TL",
      "value": 0.6,
      "weight": 1.05,
      "contribution": 0.63
    },
    {
      "factor": "constant",
      "value": 1,
      "weight": 3.25,
      "contribution": 3.25
    }
  ]
}

Input schema

{
  "type": "object",
  "required": [
    "workingCapital",
    "retainedEarnings",
    "ebit",
    "bookValueEquity",
    "totalLiabilities",
    "totalAssets"
  ],
  "properties": {
    "workingCapital": {
      "type": "number",
      "examples": [
        100
      ]
    },
    "retainedEarnings": {
      "type": "number",
      "examples": [
        200
      ]
    },
    "ebit": {
      "type": "number",
      "examples": [
        120
      ]
    },
    "bookValueEquity": {
      "type": "number",
      "description": "Book value of equity",
      "examples": [
        300
      ]
    },
    "totalLiabilities": {
      "type": "number",
      "examples": [
        500
      ]
    },
    "totalAssets": {
      "type": "number",
      "examples": [
        800
      ]
    }
  }
}

Output schema

{
  "type": "object",
  "additionalProperties": true
}