Many companies in developing and transitioning economies are facing financial difficulties due to a low level of debt service coverage. The investigation of financial distress has emerged as a significant global concern following the global financial crisis in 2008. The current worldwide financial crisis has led to a rise in instances of business failures caused by bankruptcy and insolvency. The data for this study was collected from financial reports, libraries, and organizational records. The extracted data includes various measures such as current assets and liabilities, total assets, retained earnings, EBIT (earnings before interest and taxes), book value of equity, and sales. Uchumi, in particular, has experienced declining values, indicating that it is currently going through financial distress. This information should be available to investors so that they cannot be surprise by company's abrupt financial distress. We recommend investors to follow up every decision taken by business and follow its financial performance not only profit or debt but also the level of debt of a company.