High Risk Reports

Early warnings about businesses showing high levels of financial distress

Our High Risk Reports feature companies that are exhibiting a significantly high level of financial distress, as indicated by our proprietary FRISK® score.

The reports highlight the factors that have pushed a company's score lower on the "1" (worst) to "10" (best) FRISK® score, which is 96% accurate in predicting bankruptcy over a 12-month period. The High Risk Reports also includes analysis on financial indicators such as the company’s DBT index, stock performance, financial ratios and how it is performing relative to its industry peers.

The ultimate goal of the High Risk Report series is two-part: provide an early warning for those doing business with an increasingly distressed company and inform of the many signals that should be examined when assessing financial risks.

High Risk Report
The challenged consumer environment will continue to pressure retailers and restaurants, which spells trouble for the collective group but especially for operators with red zone FRISK® scores.
The challenged consumer environment will continue to pressure retailers and restaurants, which spells trouble for the collective group but especially for operators with red zone FRISK® scores.

Tuesday Morning Corporation

It's getting late for Tuesday Morning Corporation to get its act together financially. The off-price retailer is struggling to control debt, compounded by persistent losses in the aftermath of COVID-19 shutdowns.

High Risk Report
Cover your ears, but not your eyes: if Audacy, Inc. doesn't lower their debt volume, creditors will need to look much more closely at the Philadelphia-based radio giant.

Audacy, Inc

Cover your ears, but not your eyes: if Audacy, Inc. doesn't lower its debt volume, creditors will need to look much more closely at the Philadelphia-based broadcasting giant.

High Risk Report
CreditRiskMonitor offers up five quick and important facts that you need to know about WeWork Inc. to make a more solid business evaluation – or, more advisable, even an alteration of credit extension or a pivot to a peer.

WeWork Inc.

WeWork Inc. continues to expand its network and carries some untapped funding sources, but has not proved that it can control its cash burn. Crowdsourced subscriber sentiment is signaling to the FRISK® score that bankruptcy could be in the cards in the coming months.

High Risk Report
Was the Cineworld Group bankruptcy simply a coming attraction to a series of theater-related filings? We see that movie advertising company National CineMedia, Inc. is in major danger.
Was the Cineworld Group bankruptcy simply a coming attraction to a series of theater-related filings? We see that movie advertising company National CineMedia, Inc. is in major danger.

National CineMedia, Inc.

Was the Cineworld Group bankruptcy simply a coming attraction to a series of theater-related filings? We see that movie advertising company National CineMedia, Inc. is in major danger.

Tags
CreditTreasuryNorth AmericaFRISK Score
High Risk Report
Bed Bath and Beyond all hope of a turnaround? Declining net sales and growing operating and net losses has a mighty retailer on its heels. Bankruptcy could very well be nearing.
Bed Bath and Beyond all hope of a turnaround? Declining net sales and growing operating and net losses has a mighty retailer on its heels. Bankruptcy could very well be nearing.

Bed Bath & Beyond Inc.

Bed Bath and Beyond all hope of a turnaround? Declining net sales and growing operating and net losses have a mighty retailer on its heels. Bankruptcy could very well be nearing.

Tags
CreditProcurementTreasuryRetailNorth AmericaCOVID-19FRISK ScoreMD&A Analysis
High Risk Report
Avaya Holdings Corp. carries a heavy debt burden in 2022. In the wake of steep market share losses, we advise that you closely follow the performance of this telecommunications leader.
Avaya Holdings Corp. carries a heavy debt burden in 2022. In the wake of steep market share losses, we advise that you closely follow the performance of this telecommunications leader.

Avaya Holdings Corp.

Avaya Holdings Corp. carries a heavy debt burden in 2022. In the wake of steep market share losses, we advise that you closely follow the performance of this telecommunications leader.

Tags
CreditTreasuryProcurementTechnologyNorth AmericaMD&A AnalysisFRISK Score
High Risk Report
Never hitch your dollars to a FRISK® "1." Cargo and trailer manufacturer Horizon Global Corporation's debt is a heavy-duty concern in the automotive OEM world.
Never hitch your dollars to a FRISK® "1." Cargo and trailer manufacturer Horizon Global Corporation's debt is a heavy-duty concern in the automotive OEM world.

Horizon Global Corporation

Cargo and trailer manufacturer Horizon Global Corporation's debt is a heavy-duty concern in the automotive OEM world.

Tags
CreditProcurementTreasuryConsumer CyclicalTransportationNorth AmericaFRISK Score
High Risk Report
Online automotive retailer Carvana is rapidly burning through cash and sought out private equity financing as banks were unwilling to carry the risk. Before you extend credit, you may want to pump the brakes.
Online automotive retailer Carvana is rapidly burning through cash and sought out private equity financing as banks were unwilling to carry the risk. Before you extend credit, you may want to pump the brakes.

Carvana Co.

Online automotive retailer Carvana is rapidly burning through cash and sought out private equity financing as banks were unwilling to carry the risk. Before you extend credit, you may want to pump the brakes.

Tags
CreditTreasuryRetailTransportationNorth AmericaFRISK Score
High Risk Report
Out of order: banking and retail solutions provider Diebold Nixdorf, Inc. is experiencing a cash crunch due to elevated costs related to the COVID-19 pandemic and the Russia/Ukraine conflict. Can the company avoid bankruptcy?
Out of order: banking and retail solutions provider Diebold Nixdorf, Inc. is experiencing a cash crunch due to elevated costs related to the COVID-19 pandemic and the Russia/Ukraine conflict. Can the company avoid bankruptcy?

Diebold Nixdorf, Inc.

Out of order: banking and retail solutions provider Diebold Nixdorf, Inc. is experiencing a cash crunch due to elevated costs related to the COVID-19 pandemic and the Russia/Ukraine conflict. Can the company avoid bankruptcy?

Tags
TreasuryCreditFinancialTechnologyCOVID-19FRISK ScoreNorth America
High Risk Report
High Risk Report Rite Aid

Rite Aid Corporation

After surviving the COVID-19 pandemic, Rite Aid Corporation is still dealing with a heavy debt load and recurring net losses. Is bankruptcy nearing?

Tags
CreditRetailHealthcareNorth AmericaFRISK Score
High Risk Report
China-based property developer defaulted on its bonds and rating agencies withdrew their ratings in January. Additionally, its auditor resigned. Could the company be on the brink of insolvency?
China-based property developer defaulted on its bonds and rating agencies withdrew their ratings in January. Additionally, its auditor resigned. Could the company be on the brink of insolvency?

China Aoyuan Group Limited

China-based property developer China Aoyuan Group Limited defaulted on its bonds and rating agencies withdrew their ratings in January. Additionally, its auditor resigned. Could the company be on the brink of insolvency?

Tags
CreditProcurementTreasuryAPACFRISK Score
High Risk Report
Do svidaniya? Russian-based freight railcar manufacturer NPK OVK PAO is coming perilously close to being totally derailed by default and debt.
Do svidaniya? Russian-based freight railcar manufacturer NPK OVK PAO is coming perilously close to being totally derailed by default and debt.

NPK OVK PAO

Do svidaniya? Russian-based freight railcar manufacturer NPK OVK PAO is coming perilously close to being totally derailed by default and debt.

Tags
CreditProcurementTreasuryAPACEMEAFRISK Score

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