Coronavirus losses are putting Brazilian airline Gol Linhas Aereas Inteligentes SA in a major cash crunch. Is bankruptcy far behind?
The company's FRISK® score dropped all the way down to a "1" in March, signaling to our subscribers a 10-to-50x greater potential for bankruptcy than the average publicly-traded company:
A red zone FRISK® score indicates higher than average financial stress, alerting you to risk and providing the first step in the analysis. The FRISK® score is a hybrid model utilizing stock market, financial statement ratios, bond agency ratings, and our proprietary crowdsourcing of risk managers which is 96% accurate in identifying high-risk companies prior to bankruptcy and computed daily.
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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.