More and more, it looks like until the COVID-19 pandemic dies down, creditors should keep a close eye on Europcar Mobility Group SA. The Parisian rental car company's finances are stalling out.
You can see danger immediately for the company with a quick glance at their FRISK® score, provided to CreditRiskMonitor subscribers. Since the summer, Europcar Mobility Group SA has had a FRISK® score of "1," indicating up to a 50x greater chance of bankruptcy than the average public company:
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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.