Examine the financial health of the listed technology companies in Malaysia using Altman's Z-score test

摘要

Altman's Z-Score Model were used to explain the optimal capital strucutre, the financial ratio trends and the financial health of listed technology companies in Malaysia within the given period (2012-2016). The value is ranged between Z > 2.99 (healthy), Z < 1.81 (bankruptcy) and 1.81 ≤ Z ≤ 2.99 (grey zone). The result indicates that the Green Packet Bhd, Omesti Bhd and HeiTech Padu Bhd were having poor financial performance with lowest Z-Score (between grey zone to distress zone) during the given period. While the rest of the listed technology companies were performing good as they achieved Z-Score greater than 2.99. On average, the listed technology companies are using 67.1 per cent of debt and 32.9 per cent of equity to finance their assets.