The FRISK® score for Rex Energy Corporation (Nasdaq: REXX), a shale natural gas operator, has fallen to the worst possible level of "1." This ranking indicates severe financial distress and an elevated probability of bankruptcy in the coming 12-month period. Since early 2018, our unique subscriber base has highlighted considerable risk at Rex Energy through crowdsourced research activity.
This High Risk Report will demonstrate the primary factors contributing to this company's currently distressed financial condition. For example, its tangible net worth has rapidly declined and actually turned negative in the third quarter of 2017. In the subsequent quarter, the company experienced a covenant violation as long-term debt was reclassified as current.
Download the free report to learn more. Upon reading the report, if you believe that it is time to get even more serious about protecting your business from bankruptcy risk, you may request a demo or a trial at no cost - just provide some basic information about you and your company.
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.