>

CVS Health Z Score

<div class='circular--portrait' style='background:#2A0CD0;color: white;font-size:3em;padding-top: 40px;;'>CVS</div>
CVS -- USA Stock  

Fiscal Quarter End: March 31, 2020  

Altman Z Score is one of the simplest fundamental models to determine how likely your company is to fail. The module uses available fundamental data of a given equity to approximate the Altman Z score. Altman Z Score is determined by evaluating five fundamental price points available from the company's current public disclosure documents. Continue to CVS Health Piotroski F Score and CVS Health Valuation analysis.
Equity
Refresh

CVS Health Z Score Analysis

Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..
 2017 2018 2019 2020 (projected)
Long Term Debt to Equity0.58851.231.011.09
Interest Coverage9.141.543.954.05
CVS Health Corporation provides health services and plans in the United States. CVS Health Corporation was founded in 1963 and is headquartered in Woonsocket, Rhode Island. CVS Health operates under Healthcare Plans classification in USA and is traded on BATS Exchange. It employs 290000 people.
Long Term Debt to EquityInterest Coverage
Z Score 
 = 
Sum Of  
 
5 Factors 
More About Z Score | All Equity Analysis

Current CVS Health Corporation Z Score

2.0
First Factor
 = 
1.2 * (
Working Capital
/
Total Assets )
Second Factor
 = 
1.4 * (
Retained Earnings
/
Total Assets )
Thrid Factor
 = 
3.3 * (
EBITAD
/
Total Assets )
Fouth Factor
 = 
0.6 * (
Market Value of Equity
/
Total Liabilities )
Fifth Factor
 = 
0.99 * (
Revenue
/
Total Assets )
ValuationFinancialsBuy or Sell

CVS Health Distress Driver Correlations

About Z Score

To calculate Z-Score one would need to know current working capital of the company, its total assets, and liabilities, amount of latest retained earnings as well as earnings before interest and tax. Z-Score can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area' with scores of less than 1 indicating the high probability of distress. Z Score is used widely by financial auditors, accountants, money managers, loan processers, wealth advisers, as well as day traders. In the last 25 years, many financial models that utilize z score has been proved to be successful as a predictor of corporate bankruptcy.
Compare to competition
Accumulated Other Comprehensive Income
CVS Health Corporation has Z Score of 2.0. This is 70.37% lower than that of the Healthcare sector, and significantly higher than that of Healthcare Plans industry, The Z Score for all stocks is 77.06% higher than the company.

Did you try this?

Run Idea Optimizer Now

   

Idea Optimizer

Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio
All  Next Launch Module

CVS Health Institutional Holders

Current Institutional Investors

Security TypeSharesValue
Vanguard Group IncCommon Shares104.8 M7.8 B
Blackrock IncCommon Shares94.2 MB
State Street CorpCommon Shares55.8 M4.1 B
Wellington Management Group LlpCommon Shares40.4 MB
Fmr LlcCommon Shares28.2 M2.1 B
Capital International InvestorsCommon Shares24.7 M1.8 B
Dodge CoxCommon Shares20.5 M1.5 B

CVS Health Fundamentals

Current Sentiment - CVS

CVS Health Investor Sentiment

Predominant part of Macroaxis users are currently bullish on CVS Health Corporation. What is your opinion about investing in CVS Health Corporation? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
Skip

CVS Health Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for CVS Health and Cigna. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return
Run Pair Correlation  
Continue to CVS Health Piotroski F Score and CVS Health Valuation analysis. Please also try Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.