Hertz Global Holdings, Inc., a global superstar in rent-a-car, was taken out of the driver's seat and into bankruptcy thanks to many factors - including a propensity to load up on debt and the ongoing coronavirus pandemic.
Resources
Stay ahead of public company risk with our bankruptcy case studies, high risk reports, blogs and more.
Bankruptcy Case Study
Bankruptcy Case Study
Whiting Petroleum Corporation's well has run dry, as the Denver-based company became the first big independent oil producer in the U.S. to succumb to the coronavirus pandemic.
High Risk Report
South African retailer Steinhoff is battling the fallout from a massive accounting fraud and facing legal claims amounting to more than $10 billion USD. Couple that with the overall industry deline due to coronavirus and bankruptcy could be very near.
Press Release
… first quarter. Net loss for the quarter was approximately $198,300 compared to a net loss of approximately $136,500 in … cash equivalents increased approximately $22,500 since 2019 year-end, to $8.30 million, and was down $91,700 from the … our company for long-term shareholder value. Since the COVID-19 pandemic emerged, our team has demonstrated …
CreditRiskMonitor reported that revenues for the 3 months ended Mar. 31, 2020 increased 6% to $3.71 million compared to $3.50 million in last year’s first quarter.
Bankruptcy Case Study
… locations in the U.S. have closed at least temporarily. COVID-19 arguably dealt the most crippling blow to the …
Time ran out for health retailer GNC Holdings, Inc. in their quest to shape up their balance sheet. The popular house of nutrition suffered mightily under the weight of debt.
Press Release
… figure in the past 13 years, including 2020 with the COVID-19 pandemic in full swing. The international figures are …
CreditRiskMonitor reported operating revenues of $4.9 million, an increase of approximately $251 thousand or 5%, for the second quarter of fiscal 2024 compared to the same period of fiscal 2023.
Bankruptcy Case Study
… company CEO. “The challenges we have faced during the COVID-19 pandemic have made reorganization the difficult but … zone" of heightened bankruptcy risk at the end of summer 2019: Image The proprietary CreditRiskMonitor FRISK score is …
Engine failure: the bankruptcy of Briggs & Stratton Corporation was an event long suspected by CreditRiskMonitor subscribers who watched the company's fledgling FRISK® score on a daily basis.
High Risk Report
… trending a smidgen better early in 2021 compared to the COVID-19-ravaged 2020, yet in the last several months has dipped …
Aerospace leader Team, Inc.'s debt load has spiked into the stratosphere. As company leadership is concurrently in upheaval, is bankruptcy also written in the stars?
Press Release
CreditRiskMonitor is proud to announce a new partnership with Esker, a worldwide leader in AI-driven process automation software used by more than 6,000 companies worldwide.