Video and sound solutions leader Technicolor SA, based out of France, has seen its FRISK® score gradually slide all the way down to a "1." Is bankruptcy about to shut down production?
Technicolor shareholders are facing the double whammy of a high net debt-to-EBITDA ratio and weak interest coverage -- which screams out "heavy debt load." CreditRiskMonitor is predicting that Technicolor SA has up to 50x the probability of going bankrupt between now and May 2021 when compared to the average public company. Observe the trend:
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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.