99 Cents Only Stores

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Retailer 99 Cents Only Stores might be too cheap to compete. Even though discount variety stores have performed quite well over the last few years due to secular economic trends, marginal operators like 99 Cents Only are struggling. Right now the company ranks in the bottom quartile on 20 out of 36 financial ratios shown on its peer analysis page.

This High Risk Report also reviews financial metrics for 99 Cents Only Stores over the last five fiscal quarters. For example, its tangible net worth has reached a critical low of negative $691 million as of the first fiscal quarter. Separately, its FRISK® score of "1" suggests a material probability of financial distress and/or bankruptcy within the next twelve months.

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About High Risk Reports

CreditRiskMonitor’s 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.