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CIK 1029730

LADENBURG THALMANN FINANCIAL SERVICES INC.
CIK 0001029730 ยท EDGAR โ†—
cleanelevatedtriggeredno dataplanned
80.9
composite ยท 3 signals ยท ELEVATED

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-12 ยท FY 2019-12-31 ยท ELEVATED36.9

Restatement predictor

F-Score 1.11 โ€” misstatement risk 1.1x the base rate
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2020-03-13) โ†—
Evidence โ€” inputs and thresholds
{
  "f_score": 1.108,
  "probability": 0.0041,
  "components": {
    "rsst": -0.0398,
    "drec": null,
    "dinv": null,
    "soft": 0.7003,
    "dcs": null,
    "droa": -0.0181,
    "issue": 1
  },
  "model": "Dechow et al. 2011, Model 1 (simplified RSST)",
  "thresholds": {
    "elevated": 1,
    "triggered": 1.85
  },
  "stale": false,
  "latest_filing_period": "2019-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1029730/000102973020000003/0001029730-20-000003-index.htm",
    "form": "10-K",
    "filed": "2020-03-13"
  }
}
P-13 ยท FY 2019-12-31 ยท ELEVATED20.0

Zombie / distress

Altman Z'' 0.41 in the distress zone
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2020-03-13) โ†—
Evidence โ€” inputs and thresholds
{
  "icr_by_year": {
    "2019-12-31": 1.327,
    "2018-12-31": 4.391,
    "2017-12-31": 0.428,
    "2016-12-31": -2.832
  },
  "consecutive_years_below_1": 0,
  "altman_z_double_prime": 0.41,
  "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": 30671000,
    "interest_expense_t": 23119000
  },
  "stale": false,
  "latest_filing_period": "2019-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1029730/000102973020000003/0001029730-20-000003-index.htm",
    "form": "10-K",
    "filed": "2020-03-13"
  }
}
P-05 ยท FY 2019-12-31 ยท CLEAN100.0

Tax arbitrage

ETR 24.3% โ€” within normal range of statutory
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2020-03-13) โ†—
Evidence โ€” inputs and thresholds
{
  "etr_by_year": {
    "2019-12-31": 0.2427,
    "2018-12-31": 0.2837,
    "2017-12-31": -5.5102
  },
  "statutory_rate": 0.21,
  "gap_by_year": {
    "2019-12-31": -0.0327,
    "2018-12-31": -0.0737,
    "2017-12-31": 5.7202
  },
  "note": "Low ETR can be fully legitimate; this flags persistence + magnitude for review.",
  "stale": false,
  "latest_filing_period": "2019-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1029730/000102973020000003/0001029730-20-000003-index.htm",
    "form": "10-K",
    "filed": "2020-03-13"
  }
}