The McClatchy Company
The McClatchy Company, a broad-based domestic news and information provider, has battled a disrupted industry over the last few years. CreditRiskMonitor's predictive FRISK® score of 1, the worst risk rating, indicates that the company faces an elevated probability of financial distress. With nearly $2 billion in total assets, this precarious situation supports the notion that even large businesses can expose other corporations to severe financial risk.
Although McClatchy is attempting to restructure its business to adjust with current market conditions, this report illustrates a variety of indicators that suggests it remains a high risk operator. Furthermore, McClatchy's financial health is analyzed relative to industry peers, in addition to its last five sequential quarters. Steep leverage ratios and declining working capital are among the most concerning factors.
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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.