SolarWorld AG Insolvency

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SolarWorld AG (ETR: SWVK) filed for insolvency due to industry pressures and its own financial challenges. This case study highlights where financial risk markers were being exhibited, using tools from the CreditRiskMonitor service. For example, the proprietary FRISK® score has been warning of SolarWorld's fiscal state for more than a year.

Stakeholders would have also seen that key performance, leverage, and efficiency ratios at SolarWorld ranked in the bottom quartile of its peer group. And, both reported EBITDA and free cash flow turned negative in the third quarter of 2016. The problems didn't end there, as this case study outlines in detail.

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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.