A steep decline in working capital and a skyrocketing total debt-to-EBITDA fuels our suspicion that Ferrellgas Partners, L.P. might be heading towards bankruptcy in the coming year.
Volatile commodity prices and rising interest rates were a challenge for operators in the energy sector in 2018, and things looks to be even more dangerous in the years to come.
This Bankruptcy Case Study shows that Parker Drilling Company was choked by more than a half a billion dollars in debt in 2018, never rising above a FRISK® score of "1."
CreditRiskMonitor takes a look back at the biggest bankruptcies of 2018 and the advanced Intel we provided our subscribers about companies before their Chapter 11 filings, headlined by the Sears Holdings Corporation.
Anchored off the United States' Gulf Coast Basin, PetroQuest Energy, Inc. could not further weather steep drops in sales and working capital, which in large part led to their bankruptcy.
While many missed the warning signs for Aegean Marine Petroleum Network, Inc.'s bankruptcy in November 2018, the FRISK® score's daily calculation of the company's risk revealed sobering truths.
Thermal coal seller Cloud Peak Energy, Inc. is under intense, increasing financial stress as highlighted by our proprietary FRISK® score.
CreditRiskMonitor’s FRISK® Stress Index is once again highlighting elevated financial risk for oil and gas drilling operators.
U.S.-based mining outfit Westmoreland Coal Company filed for Bankruptcy in Oct. 2018, unable to service it's debt load once loanable collateral had been exhausted.
CreditRiskMonitor’s proprietary FRISK® score has Texas oil and gas company Jones Energy, Inc. (NYSE: JONE) at a "1," the highest probability of bankruptcy in the next 12 months.
CreditRiskMonitor’s proprietary FRISK® score has Colorado-based energy giant Westmoreland Coal Company at a "1," the highest probability of bankruptcy within the next 12 months.
Corporate supply chains need to be wary of suppliers that are financially distressed. High risk suppliers can expose your company to a variety of issues, which can ultimately have an impact on your company's supply chain, sales revenue and reputation.