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CIK 1135971

PEPCO HOLDINGS INC
CIK 0001135971 ยท EDGAR โ†—
cleanelevatedtriggeredno dataplanned
20.6
composite ยท 5 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-13 ยท FY 2015-12-31 ยท ELEVATED20.0

Zombie / distress

Altman Z'' 0.62 in the distress zone
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2016-02-19) โ†—
Evidence โ€” inputs and thresholds
{
  "icr_by_year": {
    "2015-12-31": 2.404,
    "2014-12-31": 2.254,
    "2013-12-31": 2.447,
    "2012-12-31": 2.113
  },
  "consecutive_years_below_1": 0,
  "altman_z_double_prime": 0.621,
  "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": 673000000,
    "interest_expense_t": 280000000
  },
  "stale": false,
  "latest_filing_period": "2015-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1135971/000119312516468556/0001193125-16-468556-index.htm",
    "form": "10-K",
    "filed": "2016-02-19"
  }
}
P-01 ยท FY 2015-12-31 ยท CLEAN24.2

Earnings quality

Beneish M-Score -2.65 โ€” no manipulation profile
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2016-02-19) โ†—
Evidence โ€” inputs and thresholds
{
  "m_score": -2.653,
  "threshold": -1.78,
  "ratios": {
    "DSRI": 1.042,
    "GMI": 1,
    "AQI": 0.901,
    "SGI": 1.03,
    "DEPI": 0.912,
    "SGAI": 1,
    "LVGI": 1.03,
    "TATA": -0.038
  },
  "defaulted_to_neutral": [
    "GMI",
    "SGAI"
  ],
  "sloan_accruals": -0.0384,
  "inputs": {
    "revenue_t": 5023000000,
    "revenue_t1": 4878000000,
    "total_assets_t": 16326000000,
    "net_income_t": 327000000,
    "cfo_t": 939000000
  },
  "stale": false,
  "latest_filing_period": "2015-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1135971/000119312516468556/0001193125-16-468556-index.htm",
    "form": "10-K",
    "filed": "2016-02-19"
  }
}
P-05 ยท FY 2015-12-31 ยท CLEAN0.0

Tax arbitrage

ETR 28.9% โ€” within normal range of statutory
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2016-02-19) โ†—
Evidence โ€” inputs and thresholds
{
  "etr_by_year": {
    "2015-12-31": 0.2886,
    "2014-12-31": 0.3632,
    "2013-12-31": 0.7436
  },
  "statutory_rate": 0.21,
  "gap_by_year": {
    "2015-12-31": -0.0786,
    "2014-12-31": -0.1532,
    "2013-12-31": -0.5336
  },
  "note": "Low ETR can be fully legitimate; this flags persistence + magnitude for review.",
  "stale": false,
  "latest_filing_period": "2015-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1135971/000119312516468556/0001193125-16-468556-index.htm",
    "form": "10-K",
    "filed": "2016-02-19"
  }
}
P-07 ยท FY 2013-12-31 ยท CLEAN0.0

Pension underfunding

[FY2013 data, stale โ€” no more recent pension disclosure in XBRL] DB plan 118% funded
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2016-02-19) โ†—
Evidence โ€” inputs and thresholds
{
  "benefit_obligation": 2100000000,
  "plan_assets": 2484000000,
  "funded_ratio": 1.1829,
  "deficit": 384000000,
  "deficit_vs_equity": null,
  "thresholds": {
    "elevated": "<90% funded",
    "triggered": "<80% funded or deficit >25% of equity"
  },
  "stale": true,
  "latest_filing_period": "2015-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1135971/000119312516468556/0001193125-16-468556-index.htm",
    "form": "10-K",
    "filed": "2016-02-19"
  }
}
P-12 ยท FY 2015-12-31 ยท CLEAN16.8

Restatement predictor

F-Score 0.51 โ€” at or below the population base rate
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2016-02-19) โ†—
Evidence โ€” inputs and thresholds
{
  "f_score": 0.505,
  "probability": 0.00187,
  "components": {
    "rsst": -0.0384,
    "drec": 0.0036,
    "dinv": 0,
    "soft": 0.3061,
    "dcs": 0.018,
    "droa": 0.0045,
    "issue": 1
  },
  "model": "Dechow et al. 2011, Model 1 (simplified RSST)",
  "thresholds": {
    "elevated": 1,
    "triggered": 1.85
  },
  "stale": false,
  "latest_filing_period": "2015-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1135971/000119312516468556/0001193125-16-468556-index.htm",
    "form": "10-K",
    "filed": "2016-02-19"
  }
}