BTSGU NASDAQ

Of US companies ranked in the middle of the pack, about 1 in 580 filed for bankruptcy within a year (2020-2025).
If the stock fell to about $3.31 (down 98%), BrightSpring Health Services, Inc. Tangible Equity Unit would be worth roughly what it owes.
Total debt $2.39B against a stock market value of $11.55B.
Distance to default 5.91 (Merton model): prices to 2026-10-27, balance sheet 2026-06-30, debt counted $1.12B (short-term plus half of long-term), stock volatility 44.1%; Altman Z'' 2.11. A ranking and a back-test, not a forecast.
US fund filings (SEC N-PORT) show under $25M of this company's bonds, so there is no bond page. Its debt may be bank loans or privately placed. How these are computed.