As of June 2016, the already highly accurate FRISK® score just got even better -- now powered by the activity of our subscribers.
Since 2017, the FRISK® score has achieved a 96% success rate in accurately classifying public companies that go bankrupt. Of 191 worldwide public company bankruptcies, the FRISK® score accurately identified 183 as “high-risk” at least three months before they filed.
Commercial bankruptcy filings trended higher in 2024, with FRISK® Scored bankruptcies reaching 215 – an increase from 191 in 2023. For eight years, the FRISK® Score demonstrated 96% accuracy in predicting bankruptcy.
Most trade payments only become past due after a bankruptcy filing. Thus, unsecured creditors are given a false sense of security and after months - or years - of legal proceedings, they recover pennies on the dollar.
D&B’s "Bankruptcy: Why the Surprise?" whitepaper shows that their popular PAYDEX® score misleads trade creditors on public company bankruptcy risk.
Never get burned by public company bankruptcy risk -- we look at how the FRISK® score can help you prevent fires within your portfolio, using Ferrellgas Partners, L.P. as a cautionary example.
Residential construction operator Hovnanian Enterprises' bottom-rung FRISK® score displays the company's heightened financial risk in advance of its distressed debt exchange.
The FRISK® score is a game-changing tool that combines several key inputs to assess bankruptcy risk. Here’s how financial ratios play a role.