CreditRiskMonitor® announced preliminary results of operation for twelve months ended Dec. 31, 2021. Revenue grew to approximately $17 million and Operating Income grew to approximately $2 million plus.
CreditRiskMonitor® offers up five quick and important facts that you need to know about Cineworld Group plc right now to make a more solid business evaluation – or, more advisable, even an alteration of credit extension or a pivot to a peer.
As the Bank of England has already raised interest rates in the U.K., the U.S. Federal Reserve is telegraphing at least three interest rate hikes in 2022. With interest rates on the rise, many companies will go from muddling through to facing extreme financial duress.
Property development represents about 30% of China’s GDP. Ongoing defaults could eventually convert into bankruptcy filings that would shake up the industry - and subsequently rock markets in the West.
The coronavirus pandemic continues to have a disproportionate impact on airlines and related companies. As a clued-in financial risk evaluator, you will need to routinely monitor your greatest risks in this troubled industry.
Skies aren't so friendly anymore for one of Asia's largest airliners, reorganizing in court and leaving creditors to collect the scraps - except for those savvy folks who relied on the FRISK® score to sidestep risk.
Houston-based Blue Dolphin Energy has defaulted on its debt obligations and is having difficulty paying its suppliers. The company also disclosed going concern opinion and carries the material risk of filing bankruptcy.
Multiple regulation violations in the securities market coupled with the bizarre departure of company chairman Jianming Zhou were among the deathblows for Chinese polymer producer Jiangsu Dewei, who filed for Chapter 15 bankruptcy just before the new year.
Alas, bankruptcy was the best fit for Sequential Brands Group, Inc., owner of Jessica Simpson, Joe's Jeans, And1, Avia, and other apparel brands. The company filed for Chapter 11 protection after failing to comply with the amended credit agreement.