Nov. 11 at 3:54 PM
$FOXF🧐 Is bankruptcy likely?
Based on the public data:
While the company is under pressure (weak profitability, high leverage, lowered guidance), there is no immediate sign of an imminent bankruptcy filing (e.g., no public statement that they cannot meet debt obligations, no default notice, etc.).
The fact that they extended their credit facility to 2030 suggests lenders believe the business is viable — this is a plus.
However, the elevated risk metrics (Z-Score under 3, bankruptcy model ~28 %) mean the situation warrants caution.
If things worsen — e.g., significantly weaker demand, inability to service debt, further margin erosion — then the risk could escalate.
