Tech provider Internap Corporation is facing some major financial stress, having experienced net losses in each of the last five fiscal quarters.
The Reston, Va.-based company has seen its FRISK® score remain rooted at a "1," indicating a 10-to-50% chance of bankruptcy at any time within the coming 12-month period:
This High Risk Report will showcase all the factors leading to this bottom-ranked FRISK® score and what measures our subscribers take to limit or outright avoid exposure to a volatile public company such as Internap.
Rule of thumb: always be sure that you're reading up on a company's liquidity MD&A as part of a review of financials. Under threat of criminal penalties, CEOs and CFOs are obligated to give a direct and accurate explanation of a troubled company's recent shortcomings and their future planning.
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.