This Bankruptcy Case Study shows that Parker Drilling Company was choked by more than a half a billion dollars in debt in 2018, never rising above a FRISK® score of "1."
CreditRiskMonitor takes a look back at the biggest bankruptcies of 2018 and the advanced Intel we provided our subscribers about companies before their Chapter 11 filings, headlined by the Sears Holdings Corporation.
Anchored off the United States' Gulf Coast Basin, PetroQuest Energy, Inc. could not further weather steep drops in sales and working capital, which in large part led to their bankruptcy.
Ohio-based chemical giant Hexion, Inc. has seen it's FRISK® score stay sunk at a bottom-dwelling "1" for more than two years, indicating tremendous potential bankruptcy risk.
CreditRiskMonitor’s proprietary FRISK® score for auto giant Tesla, Inc., in part powered by subscriber crowdsourcing, has persistently signaled an elevated level of financial risk.
Roadrunner Transportation Systems, Inc. generates more than $2 billion in annual sales – yet in a growing trucking industry, CreditRiskMonitor subscriber crowdsourcing provides us a key warning signal that the company may be headed towards a breakdown.
When this current benign credit cycle ends, debt losses could approximate $1.2 trillion for public companies. Are you going to wait until your customers and suppliers are bankrupt or are you going to take action now?
Adopting multiple risk management solutions is a commonality among successful credit and procurement managers, and CreditRiskMonitor is the top option for assessing financial risk in public companies.
Financial risk is very real in public companies. If you're not a CreditRiskMonitor subscriber, you're missing out on the insights from the largest virtual credit group on the planet.
U.S.-based mining outfit Westmoreland Coal Company filed for Bankruptcy in Oct. 2018, unable to service it's debt load once loanable collateral had been exhausted.