Ohio-based chemical giant Hexion, Inc. has seen it's FRISK® score stay sunk at a bottom-dwelling "1" for more than two years, indicating tremendous potential bankruptcy risk.
A contraction in credit is not something that might occur: It will happen at some point. Risk professionals dealing with the chemical manufacturing industry are better off preparing now, while economic conditions are still strong.
When something stinks with public companies, we know best. The fertilizer market in both China and India are both rife with odious companies at heightened risk of bankruptcy.
In the steel industry, major players AK Steel Holding Corporation and Steel Dynamics, Inc. are two examples of public companies with markedly different financial situations in 2018.
A recent study of the last two completed calendar years showed that CreditRiskMonitor's FRISK® score was able to predict U.S. public company bankruptcy at a 97.9% rate of success.
North American-based Paperweight Development Corp., a manufacturer of coated paper products, showed net losses in each of it's last five quarters and also a sharp decline in working capital on the eve of it's bankruptcy in October 2017.
Three multi-billion dollar Chinese companies - Yingli, MIE and Ji Lin - each have a highly leveraged capital structure and, if not addressed, could find themselves on the path of corporate failure.
Companies in your supply chain could be signaling financial distress and when you know how to spot signs of risk, you put yourself in a position to proactively protect your business.
Are you on the right side of chemical industry risk? Find out why uncertainty is the new normal, and how to spot financial distress.
The domestic steel industry has had it's struggles over the years. Has recent industry strength helped U.S. Steel's credit risk and financial outlook?
The steel industry isn't out of the woods, yet. Despite improving fundamentals, financial risk should be watched closely.
"I don't have any public company risk." Have you ever told yourself that?