Bankruptcy Case Studies for Credit Risk Analysis
Clovis Oncology, Inc.
Clovis Oncology, Inc. has filed for bankruptcy due to the combination of poor sales tied to its cancer drug, Rubraca, and a significant debt load.
NewAge, Inc.
The Chapter 11 filing of wellness supplement giant NewAge, Inc. is a classic case showing that on-time bill payment by a public company is not indicative of true…
Endo International plc
Irish pharmaceutical company Endo International plc struggled underneath an onerous $8 billion debt load before their eventual bankruptcy filing in the U.S.
SAS AB
Scandinavian airliner SAS AB has been grounded by bankruptcy, toiling for many months on a tightrope due to massive debt and a global COVID-19 pandemic which cut deep…
Revlon, Inc.
American cosmetics giant Revlon, Inc. hit bankruptcy after years of poor C-Suite stewardship and a seemingly all-or-nothing bet on the perpetual survival of brick-and-mortar department stores. We investigate…
Armstrong Flooring, Inc.
Floored by this bankruptcy? If you paid attention to Armstrong Flooring, Inc.'s FRISK® score in recent months, you wouldn't have been surprised by their Chapter 11 filing.
McColl’s Retail Group plc
Financial risk is never convenient. For popular British bodega proprietor McColl's, we provide a snack-sized breakdown of their recent fall into administration and show how you can spot…
Ion Geophysical Corporation
Oil and gas geosurveying company Ion Geophysical Corporation defaulted on its debt obligations earlier this year and announced forbearance and an amendment extension. The Houston-based company is the…
Pan Brothers Tbk PT
Textile manufacturer Pan Brothers Tbk PT unsuccessfully relied on a strategy of using short-term working-capital facilities to cover its long cash-conversion cycle, leading to eventual bankruptcy.
PT Garuda Indonesia (Persero) Tbk
Skies aren't so friendly anymore for one of Asia's largest airliners, reorganizing in court and leaving creditors to collect the scraps - except for those savvy folks who…
Jiangsu Dewei Advanced Materials Co., Ltd.
Multiple regulation violations in the securities market coupled with the bizarre departure of company chairman Jianming Zhou were among the deathblows for Chinese polymer producer Jiangsu Dewei, who filed…
Sequential Brands Group, Inc.
Alas, bankruptcy was the best fit for Sequential Brands Group, Inc., owner of Jessica Simpson, Joe's Jeans, And1, Avia, and other apparel brands. The company filed for Chapter…