Even with government intervention, trade credit insurance is waning at the exact time when it is needed most. The longer the coronavirus persists, the more bankruptcies will ensue and the harder it will likely become to acquire trade insurance.
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If history is any guide, all risk professionals need to prepare for a worldwide economic downturn today or otherwise risk playing catch-up tomorrow.
With the PAYCE® score providing a substantial uplift compared to traditional trade payment analysis, more and more risk professionals are adding the bankruptcy model into their workflows and processes.
Heavily indebted public companies - including perhaps theaters near you - are reeling as countries around the world shut their economies to slow the progress of COVID-19.
Nearly 30% of publicly traded companies worldwide are already trending in the FRISK® red zone, indicating heightened bankruptcy risk - and as recession whispers intensify, every day you delay taking action could cost you and your company dearly.
Blue Apron is promising that it will right-size its business and find an approach that will generate positive EBITDA in 2019. The scramble and the results so far don't inspire confidence, and the recurring cash burn suggests that time is limited.
Public company bankruptcies soared in 2020, and filings continue to roll in as fallout from COVID-19. Here are five of the most notable Chapter 11 cases we've seen so far in 2021, and another five companies we feel are in big-time danger.
In a pandemic period when major public company bankruptcies are hitting hard daily, reliance on payment performance and/or financial statement analysis provides a whole new slew of dangers.
Big-name retailers Macy’s, Inc. and Neiman Marcus Group LTD LLC are on opposite ends of the bankruptcy risk spectrum - and for Neiman Marcus, time may be running out to turn their fiscal fortunes around.