KZ index

What is the Kaplan-Zingales (KZ) index?

The KZ index is a relative measure of a company’s dependence on external financing. 

Formula:

KZ Index = -1.001909 x Cash flows / K + 0.2826389 x Q + 3.139193 x Debt / Total capital + -39.3678 x Dividends / K + -1.314759 x Cash / K

Where:

Note that the model is a probabilistic model, so it will not perfectly predict which companies are financially constrained and which are not. In any case, it should help raise warning flags.

What does the KZ index mean?

The higher the KZ index, the more difficult the financial situation will be for a company when financial conditions worsen, as they may have difficulty financing current activities.

Startseite Aktien-Screener Forex-Screener Krypto-Screener Wirtschaftskalender So funktioniert es! Chartmerkmale Preise Einen Freund empfehlen Hausregeln Hilfe Center Webseite & Brokerlösungen Widgets Charting Lösungen Lightweight Charting Library Blog & News Twitter
Profil Profileinstellungen Konto und Abrechnung Angeworbene Freunde Coins Meine Support Tickets Hilfe Center Veröffentlichte Ideen Followers Ich folge Private Nachrichten Chat Abmelden