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A Comparative Analysis of Financial Performance of Selected Telecom Companies Using Z Score Model Kiran Kajal Assistant Professor in Commerce, JC DAV College, Dasuya, kajalkirankakkar@yahoo.in Online published on 7 October, 2019. Abstract Financial Distress can be described as company's inability to meet its current needs with its operating cash flows thereby alarming the firm to take immediate corrective actions to prevent the situation of bankruptcy. The Altman Z score model can be used to appraise the projecting feasibility of a firm's financial soundness by using a blend of five financial ratios which finally presents a score. This score can be taken as a base to assess the financial health and the ability of a company to meet its current requirements. This paper focuses on assessing the financial health of selected Telecom units i.e BSNL, Bharti Airtel, Vodafone and Idea from 2013–14 to 2017–18. The study reveals that Vodafone needs to take corrective actions immediately as Z score is warning its bankruptcy in near future. Moreover, Airtel has also to be serious to improve its performance. Top Keywords Financial distress, Telecom Companies, Altman Z-score model, Bankruptcy. Top | |
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