Swiss steel manufacturer Schmolz + Bickenbach AG's bankruptcy risk potential is heating up according to our proprietary FRISK® score.
Formerly Swiss Steel AG, the company sunk to a score "1" at the end of the summer, indicating a bankruptcy risk potential that is 10-to-50 times greater than that of the average public company:
This High Risk Report will delve deep into what makes this European-based steel giant a risky counterparty. Our subscribers enjoy peace of mind with the FRISK® score each and every day, as it is 96% predictive on public company bankruptcies inside of a 12-month window. And in the past two years, that capture rate was at 98%. Simply put, if you bought CreditRiskMonitor, we were able to give you an insider's advantage to avoid 49 out every 50 public company bankruptcies which occurred.
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
- Agency ratings
- 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.