Financial Distress Prediction Models: A Comparative Analysis of Altman’S Z-Score Zmijewski X Score, and Fulmer'S H-Score Model

Abstract

The media and entertainment industries are experiencing significant transformations due to innovative technology, evolving consumer behaviours, and changing market conditions. Financial distress prediction models play a crucial role in assessing the financial health of companies. This comparative analysis examines the efficacy and reliability of three prominent models: Altman's Z-Score, Zmijewski X Score, and Fulmer's H-Score, within the context of the Media and Entertainment sector. The study aims to provide insights for stakeholders to make informed decisions and contribute to the improvement of financial distress prediction models. Data from selected companies in the Media and Entertainment sector was collected,