Abstract
The article has provided the content and function of the Z-score model in predicting the possibility of bankruptcy through the actual financial situation of the enterprise. The study uses two research methods, namely the analytical method and the meta-analytic method. Through the methodology, the team obtained an overview of the study and identified gaps in which to conduct the research. Next, the research team aelected a sample of 9 garment manufacturing companies listed on the Vietnamese stock market. Combining the collection of secondary data from financial statements and the theory of the Z-score model, we have a basis to evaluate the financial situation of these 9 enterprises in 2022. 4 enterprises having in good financial condition, 4 enterprises with difficult financial situations and 1 enterprise with financial distress consistent with the actual situation of all 9 enterprises. The analysis results also show that the Z-score model is reliable and quite effective in assessing financial health and predicting the bankruptcy of enterprises.
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