Unilife Corporation (NASDAQ:UNIS) is one of the latest casualties in the medical equipment and supplies industry, a space that warrants increasing attention from risk professionals today. CreditRiskMonitor's proprietary FRISK® score, however, flashed warning signs of developing credit risk more than a year in advance of Unilife's restructuring announcement.
Stakeholders generally had high hopes for Unilife's product portfolio, but its debt load became too cumbersome. Using a real life example, this Bankruptcy Case Study highlights warning signs that risk professionals should watch out for. For Unilife, these included rising debt levels, negative interest coverage, and poor working capital, among others. Focusing on the right warning signals can help you avoid the often long, costly, and difficult bankruptcy process.
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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.