CIK 1136352

CRESTWOOD EQUITY PARTNERS LP

CIK 0001136352 · EDGAR ↗

cleanelevatedtriggeredno dataplanned

64.7

composite · 4 signals · ELEVATED

Every card below shows the score and the exact filing data it was computed from — 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 — never a guess.

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Signals

P-05 · FY 2022-12-31 · ELEVATED83.8

Tax arbitrage

ETR 2.6% vs 21% statutory — gap persistent across 1 of 1 years

trend: flat

Trend

Source: 10-K on SEC.gov (filed 2023-02-27) ↗

Evidence — inputs and thresholds

{
  "etr_by_year": {
    "2022-12-31": 0.0255
  },
  "statutory_rate": 0.21,
  "gap_by_year": {
    "2022-12-31": 0.1845
  },
  "note": "Low ETR can be fully legitimate; this flags persistence + magnitude for review.",
  "stale": false,
  "latest_filing_period": "2022-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1136352/000113635223000003/0001136352-23-000003-index.htm",
    "form": "10-K",
    "filed": "2023-02-27"
  }
}

P-13 · FY 2022-12-31 · ELEVATED20.0

Zombie / distress

Altman Z'' 0.38 in the distress zone

trend: flat

Trend

Source: 10-K on SEC.gov (filed 2023-02-27) ↗

Evidence — inputs and thresholds

{
  "icr_by_year": {
    "2022-12-31": 1.329,
    "2021-12-31": 1.686,
    "2020-12-31": 0.65,
    "2019-12-31": 3.485
  },
  "consecutive_years_below_1": 0,
  "altman_z_double_prime": 0.385,
  "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": 235800000,
    "interest_expense_t": 177400000
  },
  "stale": false,
  "latest_filing_period": "2022-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1136352/000113635223000003/0001136352-23-000003-index.htm",
    "form": "10-K",
    "filed": "2023-02-27"
  }
}

P-01 · FY 2022-12-31 · CLEAN23.4

Earnings quality

Beneish M-Score -2.68 — no manipulation profile

trend: flat

Trend

Source: 10-K on SEC.gov (filed 2023-02-27) ↗

Evidence — inputs and thresholds

{
  "m_score": -2.683,
  "threshold": -1.78,
  "ratios": {
    "DSRI": 0.871,
    "GMI": 0.949,
    "AQI": 0.882,
    "SGI": 1.313,
    "DEPI": 1,
    "SGAI": 1,
    "LVGI": 0.993,
    "TATA": -0.062
  },
  "defaulted_to_neutral": [
    "DEPI",
    "SGAI"
  ],
  "sloan_accruals": -0.0741,
  "inputs": {
    "revenue_t": 6000700000,
    "revenue_t1": 4569000000,
    "total_assets_t": 6567000000,
    "net_income_t": 31300000,
    "cfo_t": 439200000
  },
  "stale": false,
  "latest_filing_period": "2022-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1136352/000113635223000003/0001136352-23-000003-index.htm",
    "form": "10-K",
    "filed": "2023-02-27"
  }
}

P-12 · FY 2022-12-31 · CLEAN17.3

Restatement predictor

F-Score 0.52 — at or below the population base rate

trend: flat

Trend

Source: 10-K on SEC.gov (filed 2023-02-27) ↗

Evidence — inputs and thresholds

{
  "f_score": 0.518,
  "probability": 0.00192,
  "components": {
    "rsst": -0.0741,
    "drec": 0.0098,
    "dinv": null,
    "soft": 0.309,
    "dcs": 0.3015,
    "droa": 0.0224,
    "issue": 1
  },
  "model": "Dechow et al. 2011, Model 1 (simplified RSST)",
  "thresholds": {
    "elevated": 1,
    "triggered": 1.85
  },
  "stale": false,
  "latest_filing_period": "2022-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1136352/000113635223000003/0001136352-23-000003-index.htm",
    "form": "10-K",
    "filed": "2023-02-27"
  }
}