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Mesoblast Limited is an Australian-based regenerative medicine company, founded in 2004. It provides treatments for inflammatory ailments, cardiovascular disease and back pain. Using financial statement
Mesoblast Limited is an Australian-based regenerative medicine company, founded in 2004. It provides treatments for inflammatory ailments, cardiovascular disease and back pain. Using financial statement data of 2018 and 2019 , compute the Altman Z-score value for Mesoblast for 2018 and 2019. Do you think the Altman Z-score works well for firms like Mesoblast? Why?
All values in millions | 2018 | 2019 |
Sales | 21.91 | 22.38 |
EBIT | -98.56 | -113.08 |
Current Assets | 136.80 | 89.09 |
Current Liabilities | 32.69 | 63.31 |
Total Assets | 1,013.76 | 1,022.51 |
Total Liabilities | 274.76 | 337.00 |
Total Shareholders' Equity | -98.56 | -113.08 |
Total Shares Outstanding | 479.14 | 495.13 |
Retained Earnings | -514.57 | -669.74 |
Stock Price per Share | 1.54 | 1.38 |
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