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CIK 1223112

ADA-ES INC
CIK 0001223112 ยท EDGAR โ†—
cleanelevatedtriggeredno dataplanned
90.0
composite ยท 4 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 2012-12-31 ยท TRIGGERED100.0

Earnings quality

Beneish M-Score 2.48 exceeds the -1.78 manipulation threshold
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2013-03-18) โ†—
Evidence โ€” inputs and thresholds
{
  "m_score": 2.484,
  "threshold": -1.78,
  "ratios": {
    "DSRI": 0.468,
    "GMI": 4.861,
    "AQI": 4.439,
    "SGI": 3.986,
    "DEPI": 0.383,
    "SGAI": 1,
    "LVGI": 1.202,
    "TATA": -0.107
  },
  "defaulted_to_neutral": [
    "SGAI"
  ],
  "sloan_accruals": -0.0994,
  "inputs": {
    "revenue_t": 212523000,
    "revenue_t1": 53316000,
    "total_assets_t": 75749000,
    "net_income_t": -13071000,
    "cfo_t": -4958000
  },
  "stale": false,
  "latest_filing_period": "2012-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1223112/000119312513112439/0001193125-13-112439-index.htm",
    "form": "10-K",
    "filed": "2013-03-18"
  }
}
P-13 ยท FY 2012-12-31 ยท ELEVATED90.0

Zombie / distress

Interest coverage -5.77x below 1.0
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2013-03-18) โ†—
Evidence โ€” inputs and thresholds
{
  "icr_by_year": {
    "2012-12-31": -5.769,
    "2011-12-31": 1.911,
    "2010-12-31": -1309.375,
    "2009-12-31": null
  },
  "consecutive_years_below_1": 1,
  "altman_z_double_prime": -6.57,
  "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": -8428000,
    "interest_expense_t": 1461000
  },
  "stale": false,
  "latest_filing_period": "2012-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1223112/000119312513112439/0001193125-13-112439-index.htm",
    "form": "10-K",
    "filed": "2013-03-18"
  }
}
P-05 ยท FY 2011-12-31 ยท CLEAN100.0

Tax arbitrage

ETR 53.1% โ€” within normal range of statutory
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2013-03-18) โ†—
Evidence โ€” inputs and thresholds
{
  "etr_by_year": {
    "2011-12-31": 0.5313,
    "2010-12-31": -0.6537
  },
  "statutory_rate": 0.21,
  "gap_by_year": {
    "2011-12-31": -0.3213,
    "2010-12-31": 0.8637
  },
  "note": "Low ETR can be fully legitimate; this flags persistence + magnitude for review.",
  "stale": false,
  "latest_filing_period": "2012-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1223112/000119312513112439/0001193125-13-112439-index.htm",
    "form": "10-K",
    "filed": "2013-03-18"
  }
}
P-12 ยท FY 2012-12-31 ยท CLEAN9.6

Restatement predictor

F-Score 0.29 โ€” at or below the population base rate
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2013-03-18) โ†—
Evidence โ€” inputs and thresholds
{
  "f_score": 0.288,
  "probability": 0.00107,
  "components": {
    "rsst": -0.0994,
    "drec": 0.0626,
    "dinv": null,
    "soft": 0.2825,
    "dcs": 2.8902,
    "droa": 0.0883,
    "issue": 0
  },
  "model": "Dechow et al. 2011, Model 1 (simplified RSST)",
  "thresholds": {
    "elevated": 1,
    "triggered": 1.85
  },
  "stale": false,
  "latest_filing_period": "2012-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1223112/000119312513112439/0001193125-13-112439-index.htm",
    "form": "10-K",
    "filed": "2013-03-18"
  }
}