04 smes & midcaps go through three phases of corporate ...€¦ · 04 smes & midcaps go...
Post on 10-Jun-2020
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04 SMEs & MidCaps go through three phases of corporate distress prior to insolvency
06 The development of the financial profile reflects the unfolding of corporate distress
08 Profitability is a leading indicator of corporate distress
09 Capitalization and leverage follow the decline in profitability
10 Interest coverage significantly declines before insolvency
Ana Boata, Senior Economist for Europe
+33 (0) 1.84.11.48.73
Ana.BOATA@eulerhermes.com
Kai Gerdes, Head of Analysis at Euler Hermes Rating
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