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| rdfs:comment | - The Probability of Distress (PoD®) is the probability that a company will experience Distress Event within 1 year, expressed as a percentage. Financial distress is defined as failure, reconstruction*, or some other indicative event (for example, filing for Chapter 11 protection). The derivation of a company’s PoD® incorporates: - the company’s H-Score (a measure of the extent to which it resembles companies which subsequently failed), - the overall rate of distress across the full population of companies, - the historical rate of distress at each point on the H-Score scale,
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| concern | - No indication or evidence of notability, nor support from reliable 3rd-party sources.
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| abstract | - The Probability of Distress (PoD®) is the probability that a company will experience Distress Event within 1 year, expressed as a percentage. Financial distress is defined as failure, reconstruction*, or some other indicative event (for example, filing for Chapter 11 protection). The derivation of a company’s PoD® incorporates: - the company’s H-Score (a measure of the extent to which it resembles companies which subsequently failed), - the overall rate of distress across the full population of companies, - the historical rate of distress at each point on the H-Score scale, - economic indicators such as the growth in GDP.
* Reconstruction is identified for any company that, from a level of weakness (low [1]), has reduced either its current liabilities or its total liabilities by more than 30% with one or more of the following actions: - Capital injection: an increase in net worth of more than 50% - Rescheduling of more than half of short-term debt - Disposal of more than 30% of fixed assets. The PoD® has been developed by the financial health monitoring organisation Company Watch, based in London, UK.
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