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Baker Tanks Inc.
Standard & Poors, May 2005
Abstract A major supplier of containment rental equipment in the U.S. Relatively stable cash flow. Weak financial profile. Modest revenue base. The containment rental market is limited. Ratings on Baker Tanks Inc. reflect the company's weak financial profile, and a modest revenue base in the limited containment rental equipment sector. Positive credit factors include the company's position as one of the larger suppliers of containment rental equipment in the U.S. and its relatively stable cash flow. Seal Beach, Calif.-based Baker Tanks operates through a network of over 50 locations and maintains over 15,000 rental units, including steel tanks, polyethylene tanks, intermodal and roll-off containers/boxes, pumps, pipes, hose and fittings, tank trailers, berms, and filtration products. Baker Tanks' customers lease these products...
Companies mentioned in this report are: BakerCorp Action: Review
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
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