Frontier Communications Corporation
Bigger isn't always better... Frontier Communications' (NASDAQ: FTR) total assets have swelled from approximately $19 billion to $28 billion over the past two years. However, the company's FRISK® score has fallen to its worst possible rating of "1." One factor driving this high risk assessment is CreditRiskMonitor's computation of market capitalization adjusted for dividends.
In this High Risk Report, you will find important warning signals for Frontier's distressed state. One notable example is, despite a continuous uptrend in reported EBITDA, overall free cash flow performance appears relatively weak. Corporate counterparties should carefully assess Frontier's financial health and their own business-to-business risk exposure.
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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.