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This paper choose 30 financial - distress companies in Taiwan stock market during Asian financial crisis and divide them into four samples－（1）bad performance in main business（2）too much investment（3）buying stocks by co-company（4）cheat by hierarchy. We compare the financial - distress forecasting model''s distinction ability , using correct rate, between divided and undivided samples. The result is that financial - distress forecasting model from divided samples have better performance in correct rate. So using divided samples to build financial-distress forecasting model is meaningful. At the mean time, we use F test for testing the hypothesis that the distressed company''s mean and normal company''s mean is the same. There are four financial ratios which are significant in the four samples, they are (1)the ratio of adaptable cash flow、(2)the ratio of extra-business expense、(3)EPS及(4)debt ratio。
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