Navigating partnership with confidence and data.
Dr. Torres is concerned about the financial health of the surgical practice he's considering buying into. While the practice appears successful, he lacks the financial expertise to thoroughly evaluate its long-term viability. A wrong investment could jeopardize his savings and future financial security, especially with $180,000 still outstanding in student debt.
Using Golden Door Asset's Altman Z-Score Calculator, we analyze the surgical group's key financial ratios to predict its probability of bankruptcy. A Z-Score above 3 indicates a safe zone, while a score below 1.8 suggests financial distress. Let's say the practice's initial Z-Score is calculated at 1.5. With this knowledge, we explore strategies to improve the Z-Score through debt restructuring and revenue enhancement before Dr. Torres commits to the buy-in.
The Altman Z-Score Calculator requires inputting the surgical group's working capital, total assets, retained earnings, earnings before interest and taxes, and sales. These figures are readily available from the practice's financial statements.
$750,000 investment protected by avoiding a potentially failing business. Peace of mind knowing the surgical group has long-term financial stability.
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