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Financial Innovation

Table 8 Descriptive Statistics for Altman Model

From: Re-estimation and comparisons of alternative accounting based bankruptcy prediction models for Indian companies

Sample

Statistic

WCTA

RETA

EBITA

BVEBVD

SLTA

Estimation

     

 Distressed (N = 65)

Mean

0.215

−0.295

−0.100

−0.157

0.984

 

SD

0.538

0.322

0.260

0.200

1.041

 Non-Distressed (N = 65)

Mean

0.553

0.034

0.152

0.481

2.013

 

SD

0.788

0.080

0.140

0.299

2.966

Holdout

      

 Distressed (N = 39)

Mean

0.634

−0.843

−0.550

−0.157

1.521

 

SD

1.917

1.863

1.405

0.264

1.919

 Non-Distressed (N = 39)

Mean

1.089

0.086

0.214

3.359

2.522

 

SD

1.406

0.136

0.230

7.173

3.111

  1. Source: Author’s estimation
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