2020 has already been a historical whirlwind and we're only just half-way but last year had its fair share of impact on businesses. In the newest installment of our default study, we take a look at the 42 US non-financial companies that defaulted in 2019.
The 2020 Default Study offers up the following insights:
- The accuracy of the financial health showcased by 93% of all companies defaulting having an FHR of 40 or below.
- The downward 24-month historical outlook in Financial Health for a majority of defaulting companies.
- An overview of financial characteristics that led these companies to default