Bellatrix Exploration Ltd., an oil & gas giant based in the Canadian Rockies, is battling mountainous debt obligations and interest payments.
The company's FRISK® score, a metric used by CreditRiskMonitor to predict public company bankruptcy risk with 96% accuracy, has been at a "1" for some time:
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About High Risk Reports
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.