Subscriber crowdsourcing highlighted Cenveo, Inc. as one the highest bankruptcy risks in late 2017 for the U.S. printing and publishing industries. Financial counterparties of Cenveo were warned of its extreme financial distress with its persistently low FRISK® score of "1." The FRISK® score is a proprietary model of CreditRiskMonitor that measures company financial distress up to and including bankruptcy with 96% accuracy.
This Bankruptcy Case Study will demonstrate some important warning signals that were available to subscribers preceding its Chapter 11 filing. For example, a list of concerning headlines pertaining to Cenveo is reviewed, one of which reveals its soft sales volumes. We also evaluated relevant metrics regarding its financial positioning, particularly its elevated leverage.
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 CreditRiskMonitor’s 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. CreditRiskMonitor's 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.