Rex Energy Corporation

Rex Energy Corporation
Download (1.6 MB)

Rex Energy Corporation (OTC: REXXQ) filed for Chapter 11 bankruptcy on May 18, 2018. This shale natural gas operator declined to a bottom-rung FRISK® score of "1" in 2017, indicating an elevated probability of bankruptcy prior to filing. Subscriber crowdsourcing also sent a negative signal for several months, showing that counterparties were concerned about the company's financial condition.

Rex Energy Corporation FRISK® score
The Rex Energy Corporation FRISK® score was mired in the "red zone" for more than a year.

This Bankruptcy Case Study will illustrate the factors that contributed to Rex Energy's eventual collapse. We specifically highlight financial metrics including deteriorating trends in tangible net worth and working capital. It also reported an acceleration of debt, which further impaired its liquidity position.

Download the free report to learn more.

Upon reading the report, if you believe that it is time to get even more serious about protecting your business from bankruptcy risk, you may request a demo or a trial at no cost - just provide some basic information about you and your company.

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 and Fitch, 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.