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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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