Financial Soundness of Housing Finance Companies: Application of Altman Z- Score Model
B. Ramesh1, P. Suvarchala Devi2

1Dr. B. Ramesh, Assistant Professor, GITAM University Hyderabad (Telangana), India.
2Dr. P. Suvarchala Devi, Associate Professor, Malla Reddy Engineering College For Women Womens College, Hyderabad (Telangana), India.
Manuscript received on 08 December 2019 | Revised Manuscript received on 21 December 2019 | Manuscript Published on 31 December 2019 | PP: 395-397 | Volume-8 Issue-4S3 December 2019 | Retrieval Number: D10981284S319/2019©BEIESP | DOI: 10.35940/ijrte.D1098.1284S319
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Abstract: Housing financing industry is the essentially industry most of the housing financing companies contributing greatly to the development of our economy and have. Recently, some of the housing financing companies have started losing profits continuously and are on the verge of bankruptcy. The purpose of this paper is to study the financial position of housing companies by applying the famous Altman Z score model to verify whether these companies really suffered financially during the period from 2015 to 2019,16 housing companies are considered for the analysis of the study. It was found that not all the housing finance companies were performing as expected.
Keywords: Altman z Score, Housing, Finance, Financial Soundness.
Scope of the Article: Social Sciences