AllAfrica
Reporter] Financial distress is often defined as the looming threat of bankruptcy, which hinges on a company’s liquid assets and access to credit. It typically arises when a business posts consecutive losses–negative pre-tax operating income or net income–for at least three years. Empirical analysis reveals that once a company enters financial distress…
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Ethiopia: Ethiopia’s Financial Sector At Risk
Diego Redner
17:27
Reporter] Financial distress is often defined as the looming threat of bankruptcy, which hinges on a company’s liquid assets and access to credit. It typically arises when a business posts consecutive losses–negative pre-tax operating income or net income–for at least three years. Empirical analysis reveals that once a company enters financial distress…
