What is the most important factor determining bankruptcy,according to the Altman Z-score model?

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According to the Altman Z-score model, the most important factor determining bankruptcy is the earnings before interest and taxes to assets ratio. This ratio measures the profitability of a company and its ability to generate earnings from its assets. A higher ratio indicates a greater ability to generate earnings, which in turn reduces the risk of bankruptcy. The other ratios listed (working capital to assets ratio, retained earnings to assets ratio, market value of equity to book value of long-term debt ratio) are also important, but not as crucial as the earnings before interest and taxes to assets ratio.

What Is the Most Important Factor Determining Bankruptcy,according to the Altman