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CIK 1009626

BROCADE COMMUNICATIONS SYSTEMS INC
CIK 0001009626 ยท EDGAR โ†—
cleanelevatedtriggeredno dataplanned
24.0
composite ยท 4 signals ยท CLEAN

Every card below shows the score and the exact filing data it was computed from โ€” no unexplained numbers. Some signals (P-02, P-03, P-08, P-09, P-10, P-11) pull live documents from SEC EDGAR the first time you view this company; a few of those (P-03, P-10, P-11) use AI to read the filing text, but every AI claim must quote the actual document verbatim or it's discarded โ€” never a guess.

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Signals

P-01 ยท FY 2016-10-29 ยท CLEAN32.5

Earnings quality

Beneish M-Score -2.36 โ€” no manipulation profile
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2016-12-16) โ†—
Evidence โ€” inputs and thresholds
{
  "m_score": -2.363,
  "threshold": -1.78,
  "ratios": {
    "DSRI": 1.163,
    "GMI": 1.044,
    "AQI": 1.317,
    "SGI": 1.036,
    "DEPI": 0.754,
    "SGAI": 1,
    "LVGI": 1.009,
    "TATA": -0.04
  },
  "defaulted_to_neutral": [
    "SGAI"
  ],
  "sloan_accruals": -0.0437,
  "inputs": {
    "revenue_t": 2345610000,
    "revenue_t1": 2263460000,
    "total_assets_t": 4939811000,
    "net_income_t": 213815000,
    "cfo_t": 409940000
  },
  "stale": false,
  "latest_filing_period": "2016-10-29",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1009626/000100962616000334/0001009626-16-000334-index.htm",
    "form": "10-K",
    "filed": "2016-12-16"
  }
}
P-05 ยท FY 2016-10-29 ยท CLEAN0.0

Tax arbitrage

ETR 18.4% โ€” within normal range of statutory
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2016-12-16) โ†—
Evidence โ€” inputs and thresholds
{
  "etr_by_year": {
    "2016-10-29": 0.1836,
    "2015-10-31": 0.2248,
    "2014-11-01": 0.327
  },
  "statutory_rate": 0.21,
  "gap_by_year": {
    "2016-10-29": 0.0264,
    "2015-10-31": -0.0148,
    "2014-11-01": -0.117
  },
  "note": "Low ETR can be fully legitimate; this flags persistence + magnitude for review.",
  "stale": false,
  "latest_filing_period": "2016-10-29",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1009626/000100962616000334/0001009626-16-000334-index.htm",
    "form": "10-K",
    "filed": "2016-12-16"
  }
}
P-12 ยท FY 2016-10-29 ยท CLEAN12.8

Restatement predictor

F-Score 0.38 โ€” at or below the population base rate
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2016-12-16) โ†—
Evidence โ€” inputs and thresholds
{
  "f_score": 0.383,
  "probability": 0.00142,
  "components": {
    "rsst": -0.0437,
    "drec": 0.0108,
    "dinv": 0.0064,
    "soft": 0.6533,
    "dcs": 0.0149,
    "droa": -0.041,
    "issue": 0
  },
  "model": "Dechow et al. 2011, Model 1 (simplified RSST)",
  "thresholds": {
    "elevated": 1,
    "triggered": 1.85
  },
  "stale": false,
  "latest_filing_period": "2016-10-29",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1009626/000100962616000334/0001009626-16-000334-index.htm",
    "form": "10-K",
    "filed": "2016-12-16"
  }
}
P-13 ยท FY 2016-10-29 ยท CLEAN0.0

Zombie / distress

Interest coverage 6.23x โ€” servicing debt from operations
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2016-12-16) โ†—
Evidence โ€” inputs and thresholds
{
  "icr_by_year": {
    "2016-10-29": 6.226,
    "2015-10-31": 8.865,
    "2014-11-01": 10.504,
    "2013-10-26": 5.582
  },
  "consecutive_years_below_1": 0,
  "altman_z_double_prime": 3.529,
  "definitions": {
    "zombie": "ICR<1 for 3+ consecutive FYs (BIS 2018)",
    "z_distress": "<1.1 distress, 1.1-2.6 gray, >2.6 safe"
  },
  "inputs": {
    "ebit_t": 307093000,
    "interest_expense_t": 49327000
  },
  "stale": false,
  "latest_filing_period": "2016-10-29",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1009626/000100962616000334/0001009626-16-000334-index.htm",
    "form": "10-K",
    "filed": "2016-12-16"
  }
}