With all of the talk of large bankruptcy filings, Sageworks released a list of 10 types of private companies that are most likely to file for bankruptcy in the coming months. The list is based on the average debt-to-equity ratio in the industry over the last 12 months. A high debt-to-equity ratio generally means that a company has been aggressive in using debt to finance growth. 

Recent commentary suggested that Chrysler’s closing could set-back auto parts suppliers even further, and that their future hinges on whether or not banks will continue financing the companies through the impending revenue shortage.

The table below lists the debt to EBITDA and interest coverage ratio for both publicly traded and privately held parts suppliers. Overall, debt to EBITDA has increased for the private suppliers, and the ability to pay interest based on income has decreased for both sectors.