One of Europe's leading tourism groups, TUI AG, has largely remained docked in 2020 and is trying to survive the COVID-19 pandemic.
Literally. Per the mandate of both the U.K. and German governments, all of the company's cruise ship operations have been suspended. It's not really hard to see that the abrupt drop in the confidence of the travelers has made it very difficult for the business to get the revenue through the doors.
TUI AG's FRISK® score is sitting at a "1," having dropped into the FRISK® Score "red zone" in Q1 2020:
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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.