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CIK 1156174

LAKE AREA CORN PROCESSORS, LLC
CIK 0001156174 ยท EDGAR โ†—
cleanelevatedtriggeredno dataplanned
38.1
composite ยท 3 signals ยท TRIGGERED

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 2023-12-31 ยท TRIGGERED50.6

Earnings quality

Beneish M-Score -1.73 exceeds the -1.78 manipulation threshold
trend: flat
Trend
Source: 10-K/A on SEC.gov (filed 2024-03-12) โ†—
Evidence โ€” inputs and thresholds
{
  "m_score": -1.73,
  "threshold": -1.78,
  "ratios": {
    "DSRI": 2.11,
    "GMI": 0.746,
    "AQI": 1.766,
    "SGI": 0.992,
    "DEPI": 0.815,
    "SGAI": 1,
    "LVGI": 0.968,
    "TATA": -0.092
  },
  "defaulted_to_neutral": [
    "SGAI"
  ],
  "sloan_accruals": -0.1012,
  "inputs": {
    "revenue_t": 280440962,
    "revenue_t1": 282564697,
    "total_assets_t": 193384154,
    "net_income_t": 42381393,
    "cfo_t": 60078466
  },
  "stale": false,
  "latest_filing_period": "2023-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1156174/000115617424000008/0001156174-24-000008-index.htm",
    "form": "10-K/A",
    "filed": "2024-03-12"
  }
}
P-12 ยท FY 2023-12-31 ยท CLEAN7.8

Restatement predictor

F-Score 0.24 โ€” at or below the population base rate
trend: flat
Trend
Source: 10-K/A on SEC.gov (filed 2024-03-12) โ†—
Evidence โ€” inputs and thresholds
{
  "f_score": 0.235,
  "probability": 0.00087,
  "components": {
    "rsst": -0.1012,
    "drec": 0.0183,
    "dinv": -0.0636,
    "soft": 0.5056,
    "dcs": -0.0189,
    "droa": 0.0446,
    "issue": 0
  },
  "model": "Dechow et al. 2011, Model 1 (simplified RSST)",
  "thresholds": {
    "elevated": 1,
    "triggered": 1.85
  },
  "stale": false,
  "latest_filing_period": "2023-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1156174/000115617424000008/0001156174-24-000008-index.htm",
    "form": "10-K/A",
    "filed": "2024-03-12"
  }
}
P-13 ยท FY 2023-12-31 ยท CLEAN0.0

Zombie / distress

Interest coverage 140.60x โ€” servicing debt from operations
trend: flat
Trend
Source: 10-K/A on SEC.gov (filed 2024-03-12) โ†—
Evidence โ€” inputs and thresholds
{
  "icr_by_year": {
    "2023-12-31": 140.597,
    "2022-12-31": 240.965,
    "2021-12-31": 63.624,
    "2020-12-31": 1.155
  },
  "consecutive_years_below_1": 0,
  "altman_z_double_prime": 4.287,
  "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": 29881296,
    "interest_expense_t": 212532
  },
  "stale": false,
  "latest_filing_period": "2023-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1156174/000115617424000008/0001156174-24-000008-index.htm",
    "form": "10-K/A",
    "filed": "2024-03-12"
  }
}