NanoViricides Inc. (NNVC)

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NNVC BANKRUPTCY PROBABILITY VERY HIGH ACCORDING TO ALTMAN MODEL

Edward Alman, professor finance at NYU's Stern school was perhaps the first in the fiance literature to apply statistical modeling to bankruptcy prediction. His original paper was published in JOF in 1968. There have been subsequent update confirming the validity of his model.

Using 5 financial ratio combined with a statistical method called Linear Discriminant Analysis his model was able to provide useful predictions of corporate failure in the 2 year period prior to bankruptcy.

At this link you can do the calculation yourself

http://www.creditguru.com/index.php/bankruptcy-and-insolvency/altman-z-score-insolvency-predictor#calc

and at this link you can get the most recent data

http://www.creditguru.com/index.php/bankruptcy-and-insolvency/altman-z-score-insolvency-predictor#calc

I plugged in the numbers to get a Z-score of -2.08. Readings below +1.80 predicts a very high probability of "financial embarrassment". A score of below zero is obviously worse.

Bottom line: Probability of Bankruptcy within 2 years is HIGH for NNVC.

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