The news that Kona Grill, Inc. went bankrupt was tough to digest for many risk professionals - but not CreditRiskMonitor subscribers, who would have been aware of the restaurant chain's financial struggles for years.
With a FRISK® score of "1" at the time of their Chapter 11 filing, it was a signal that there was up to a 50% chance of bankruptcy within a 12-month horizon:
This Bankruptcy Case Study will investigate the causes of Kona Grill's financial peril, including a deep dive into quarterly performance and leverage ratios, peer analysis on alternate suppliers and customers, rates of return and much more. It's just a sample of the unique breakdowns our staff can prepare on demand for subscribers to our CreditRiskMonitor services.
Download the free report to learn more.
About Bankruptcy Case Studies
CreditRiskMonitor® Bankruptcy Case Studies provide post-filing analyses of public company bankruptcies. Our case studies educate subscribers about methods they can apply to assess bankruptcy risk using our proprietary FRISK® score, robust financial database, and timely news alerts.
In nearly every case, a low FRISK® score gave our subscribers early warning of financial distress within a one-year time horizon. Our proprietary FRISK® score predicts bankruptcy risk at public companies with 96% accuracy. The score is formulated by a number of indicators including stock market capitalization and volatility, financial ratios, bond agency ratings from Moody’s, Fitch and DBRS, and crowdsourced behavioral data from a subscriber group that includes 35% of the Fortune 1000 and thousands more worldwide.
Whether you are new to credit analysis or have decades of experience under your belt, CreditRiskMonitor® Bankruptcy Case Studies offer unique insights into the business and financial decline that precedes bankruptcy.