High Risk in the Heartland? Oklahoma City-based Chesapeake Energy Corporation is in a bad way as oil and gas bankruptcies have ratcheted up in recent months.
Will they be next? With an eye on the company's sinking FRISK® score, you might think so:
This High Risk Report will unearth the dangers hidden below the surface with Chesapeake Energy. What is driving their FRISK® score downward? As a reminder, the FRISK® score is a blended metric of several important inputs - stock market volatility data, financial ratios, bond agency ratings and crowdsourcing data from CreditRiskMonitor subscriber click patterns - which together produce a score that is 96% accurate in predicting public company bankruptcy.
Download the free report to learn more.
Our FRISK® score model incorporates four powerful risk inputs:
- “Merton”-type model of stock market capitalization and volatility
- Financial ratios, including those used in the Altman Z”-Score Model
- Bond agency ratings from Fitch, Moody's, and DBRS Morningstar
- Website click pattern data from CreditRiskMonitor® subscribers, representing key credit decision-makers at nearly 40% of current Fortune 1000 companies plus thousands of other large companies worldwide
Since the start of 2017, the FRISK® score’s rate of success in capturing public company bankruptcy is 96%. In any given year, you can count on one hand the times we miss – and in those outlier cases, the circumstances deal with unusual, unforeseen events such as natural disasters and CEO fraud.
Download the free report to learn more.
About High Risk Reports
Our 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.