Welcome to CreditPulse

CreditPulse is an online publication that provides in-depth coverage, analysis and perspective of credit markets and global currency and capital markets in order to ensure maximize performance in credit risk and investment decisions. CreditPulse also monitors the credit standards and performance benchmarks of a variety of industries and public companies through its proprietary Credit Standards Index (CSI).

Learn More about the Credit Standards Index
Rank Company Industry Revenue* Bad Debt Allow DSO Ops Cash as % of Rev Current Ratio Debts/ Assets CSI Score
1 Arena Resources Inc
Tulsa, OK
 Oil/Gas-Independent 208,859 0.0% 20.05 84.9% 4.52 0.18 1.00
2 Monolithic Power Systems Inc
Los Gatos, CA
 Semiconductor 160,511 0.0% 20.73 24.7% 5.53 0.16 1.00
3 Tessera Technologies Inc
San Jose, CA
 Semiconductor Equip 248,291 0.4% 21.65 27.6% 7.21 0.11 1.00
4 Gen-Probe Inc
San Diego, CA
 Medical Equip/Supplies 472,695 2.1% 25.79 37.7% 13.49 0.06 1.00
5 United Microelectronics
Hsinchu City, Taiwan
 Semiconductor 3,071,496 0.1% 31.62 46.7% 5.37 0.15 1.10
* in thousands
Rank Industry No. of Comp Write- Offs Int'l Sales Bad Debt Allow DSO Ops Cash as % of Rev Current Ratio Debts/ Assets CSI Score
1 Semiconductor 89 51% 70.00% 3.2% 41.56 15.0% 4.69 0.33 2.18
2 Diagnostic Substances 10 83% 15.80% 3.1% 58.23 18.0% 4.96 0.22 2.29
3 Biotechnology 17 147% 25.60% 2.4% 58.09 23.0% 4.77 0.37 2.32
4 Mining/Quarrying 28 14% 27.80% 1.4% 35.44 21.0% 1.77 0.54 2.45
5 Oil/Gas-Independent 63 27% 3.60% 2.3% 37.09 57.0% 1.20 0.56 2.46

Recent Articles

GE Cash Plunge Poses Risks for Creditors, Investors

October 31, 2018

Significant drops in operating cash flow and market capitalization raise major red flags for the creditworthiness of General Electric.

In October 2010, Clarient, Inc., a California-based oncology diagnostics company, was losing money, booking revenue that was uncollectible and its auditor, KPMG, had issued a warning about the company's ability to continue as a going concern.

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Currency Volatility Cools In Third Quarter

October 4, 2018

Global currencies were slightly less volatile in the third quarter but some troubling hot spots remain.

Global currency volatility cooled slightly in the third quarter of 2018 to an average of 1.48 percent, down from the 1.67 percent average from the previous quarter, according to the latest data from the Currency Volatility Index (CVI), a measurment of currency volatility compiled quarterly by CreditPulse.

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Barrick Gold to Buy Rangold Resources in a $6 Billion Deal

September 26, 2018

One of the world's largest gold mining companies announces a plan to buy one of the most valuable gold mining companies in deal priced at $6 billion.

Barrick Gold Corp., an $8.4 billion gold and copper mining company based in Toronto, Canada, has reached an agreement to buy Rangold Resources Ltd., a British-based gold mining company, in an all-stock deal that would create the largest gold mining company in the world.

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Turkish Lira Plunges to All-time Low

August 17, 2018

Turkey's already troubled currency, the lira, fell to its lowest level ever against the dollar after President Donald Trump threatened Turkey with more tariffs. 

The Turkish lira plunged to 6.93 to the U.S. dollar after briefly hitting 7.00 to the dollar on Monday for it's lowest value ever after Turkish President Recep Tayyip Erdogan and U.S. President Donald Trump engaged in a heated exchange over tariffs and economic policy.

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Currency Volatility Erupts in Latin America

July 4, 2018

Latin America has replaced Africa as the region with the world's most volatile currencies as emerging markets worldwide come under greater stress.

Venezuela and Argentina, two of Latin America's most unstable and anti-market economies in recent years, are in trouble once again as their respective currencies were the most volatile in the world during the second quarter of 2018, according to the Currency Volatility Index (CVI).

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Colombian Stock Exchange Outpaces Rivals

June 26, 2018

Colombia's stock exchange has proven to be the one bright spot so far in 2018 among Latin America's five largest capital markets. 

Capital markets in Latin America have had a rough ride so far in 2018 with one notable exception -- Colombia.  The market capitalization of the Bolsa de Valores de Colombia, or the Colombian Stock Exchange, has increased 13.4 percent through May 30th.

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Perspective

CSI Rankings

Oil & Gas Refining

34 Companies in the CSI

  1. Sasol Ltd 

    Rosebank, South Africa

    CSI Score: 2.30

  2. HollyFrontier Corp

    Dallas, TX

    CSI Score: 2.50

  3. Valero Energy Corp

    San Antonio, TX

    CSI Score: 2.50

  4. Western Refining Inc

    El Paso, TX

    CSI Score: 2.70

  5. Tesoro Corp

    San Antonio, TX

    CSI Score: 2.70

  6. Murphy Oil Company

    El Dorado, AR

    CSI Score: 2.80

  7. ExxonMobil Corp

    Irving, TX

    CSI Score: 2.80

  8. Phillips 66

    Houston, TX

    CSI Score: 2.80

  9. Marathon Oil Company

    Houston, TX

    CSI Score: 2.80

  10. China Petroleum Corp

    Beijing, China

    CSI Score: 2.80

Based on 2016 figures

Noteworthy