German-based manufacturer SGL Carbon SE provides carbon fiber materials to various end markets of automotive, wind energy, and aerospace. Despite customers steadily recovering, the company continues to struggle with thin margins and high leverage.
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Cash-strapped home goods retailer Bed Bath & Beyond is now bankrupt, capping one of the craziest documented descents into Chapter 11 seen by our clients in some time.
Chesapeake Energy Corporation is the latest heavily indebted oil and gas business to seek bankruptcy protection since the coronavirus pandemic crippled demand for energy.
Specialty retailer, The Container Store Group, Inc., filed for bankruptcy on December 22, 2024. The FRISK® Score had signaled the company’s financial distress for 12 consecutive months, providing early warning to subscribers. Yet the company’s Days Beyond Terms Index, a measure of historical trade payment performance, persistently indicated prompt payment behavior. The divergence between these indicators is known as the “Cloaking Effect”.
It's anyone's guess as to whether or not the Chinese government will step in and bail out property developer China Evergrande Group, but CreditRiskMonitor subscribers should never think a leveraged-to-the-max company like this is immune from potential bankruptcy.
As a creditor, you're going to want to carefully review our High Risk Report on casino operator Full House Resorts, Inc. Doing business with this company would certainly be a roll of the dice.
CreditRiskMonitor.com, Inc. (OTCQX: CRMZ) reported revenues of $19.8 million, an increase of approximately $878 thousand or 5%, for the year ended December 31, 2024, as compared to 2023.