going concern

Lordstown Motors May Run Out of Gas
Working Capital

Lordstown Motors May Run Out of Gas

The electric vehicle pickup truck maker issued a "going concern" warning, disclosing it didn't have the funds to start commercial production.
By Vincent Ryan | June 8, 2021
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Norwegian Cruise Line Issues ‘Going Concern’ Alert
Financial Performance

Norwegian Cruise Line Issues ‘Going Concern’ Alert

With cruise sailings suspended, the company says it may not have sufficient liquidity to meet its debt obligations over the next 12 months.
By Matthew Heller | May 5, 2020
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Insys Shares Dive on ‘Going Concern’ Doubts
Financial Reporting

Insys Shares Dive on ‘Going Concern’ Doubts

The opioid seller's auditor expressed "substantial doubt" about its ability to continue as a going concern.
By Matthew Heller | March 14, 2019
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Kodak Issues ‘Going Concern’ Warning
Strategy

Kodak Issues ‘Going Concern’ Warning

The company says its liquidity challenges "raise substantial doubt about Kodak’s ability to continue as a going concern.”
By Matthew Heller | November 12, 2018
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iHeartMedia Issues ‘Going Concern’ Warning
Strategy

iHeartMedia Issues ‘Going Concern’ Warning

The parent of iHeartRadio is in talks with lenders on a plan to relieve its $20 billion debt burden from a 2008 leveraged buyout.
By Matthew Heller | May 4, 2017
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Toshiba Issues ‘Going Concern’ Warning
Strategy

Toshiba Issues ‘Going Concern’ Warning

The company's auditor refuses to certify its Q3 results in “a highly unusual signal of doubt about [its] ability to recover its financial health."
By Matthew Heller | April 11, 2017
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Sears Says Turnaround Effort May Be in Doubt
Turnarounds

Sears Says Turnaround Effort May Be in Doubt

The retailer warns its history of losses indicates "substantial doubt exists related to the company's ability to continue as a going concern.”
By Matthew Heller | March 22, 2017
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American Apparel Hints at Bankruptcy
Investment Banking

American Apparel Hints at Bankruptcy

American Apparel doesn't have enough cash on hand to make its next debt payment, $13.9 million due on Oct. 15.
By Matthew Heller | August 18, 2015
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FASB Fine-Tunes Footnote Disclosure
GAAP and IFRS

FASB Fine-Tunes Footnote Disclosure

The board proposes to make management responsible for assessing whether a company can continue as a going concern. But how necessary is that? And can management be bias-free?
By Kathy Hoffelder | July 2, 2013
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