CIK 1308858

Dryships Inc.

CIK 0001308858 · EDGAR ↗

cleanelevatedtriggeredno dataplanned

72.9

composite · 5 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-07 · FY 2012-12-31 · TRIGGERED66.2

Pension underfunding

[FY2012 data, stale — no more recent pension disclosure in XBRL] DB plan 67% funded — -$4M deficit (0% of equity)

trend: flat

Trend

Source: 20-F on SEC.gov (filed 2015-03-10) ↗

Evidence — inputs and thresholds

{
  "benefit_obligation": 12286000,
  "plan_assets": 8229000,
  "funded_ratio": 0.6698,
  "deficit": -4057000,
  "deficit_vs_equity": 0.0014,
  "thresholds": {
    "elevated": "<90% funded",
    "triggered": "<80% funded or deficit >25% of equity"
  },
  "stale": true,
  "latest_filing_period": "2018-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1308858/000091957415002763/0000919574-15-002763-index.htm",
    "form": "20-F",
    "filed": "2015-03-10"
  }
}

P-05 · FY 2018-12-31 · ELEVATED93.9

Tax arbitrage

ETR 0.0% vs 21% statutory — gap persistent across 1 of 1 years

trend: flat

Trend

Source: 20-F on SEC.gov (filed 2019-03-01) ↗

Evidence — inputs and thresholds

{
  "etr_by_year": {
    "2018-12-31": 0.0003
  },
  "statutory_rate": 0.21,
  "gap_by_year": {
    "2018-12-31": 0.2097
  },
  "note": "Low ETR can be fully legitimate; this flags persistence + magnitude for review.",
  "stale": false,
  "latest_filing_period": "2018-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1308858/000091957419002125/0000919574-19-002125-index.htm",
    "form": "20-F",
    "filed": "2019-03-01"
  }
}

P-13 · FY 2015-12-31 · ELEVATED90.0

Zombie / distress

[FY2015 data, stale — no more recent EBIT figure in XBRL] Interest coverage -242.04x below 1.0

trend: flat

Trend

Source: 20-F on SEC.gov (filed 2018-04-04) ↗

Evidence — inputs and thresholds

{
  "icr_by_year": {
    "2018-12-31": null,
    "2017-12-31": null,
    "2016-12-31": null,
    "2015-12-31": -242.04
  },
  "consecutive_years_below_1": 1,
  "altman_z_double_prime": -34.519,
  "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": -881508000,
    "interest_expense_t": 3642000
  },
  "stale": true,
  "latest_filing_period": "2018-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1308858/000091957418002828/0000919574-18-002828-index.htm",
    "form": "20-F",
    "filed": "2018-04-04"
  }
}

P-01 · FY 2018-12-31 · CLEAN25.3

Earnings quality

Beneish M-Score -2.61 — no manipulation profile

trend: flat

Trend

Source: 20-F on SEC.gov (filed 2019-03-01) ↗

Evidence — inputs and thresholds

{
  "m_score": -2.613,
  "threshold": -1.78,
  "ratios": {
    "DSRI": 0.511,
    "GMI": 1,
    "AQI": 0.572,
    "SGI": 1.848,
    "DEPI": 1,
    "SGAI": 1,
    "LVGI": 1.816,
    "TATA": 0
  },
  "defaulted_to_neutral": [
    "GMI",
    "DEPI",
    "SGAI",
    "TATA"
  ],
  "sloan_accruals": null,
  "inputs": {
    "revenue_t": 186135000,
    "revenue_t1": 100716000,
    "total_assets_t": 1011305000,
    "net_income_t": null,
    "cfo_t": 31557000
  },
  "stale": false,
  "latest_filing_period": "2018-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1308858/000091957419002125/0000919574-19-002125-index.htm",
    "form": "20-F",
    "filed": "2019-03-01"
  }
}

P-12 · FY 2018-12-31 · CLEAN4.9

Restatement predictor

F-Score 0.15 — at or below the population base rate

trend: flat

Trend

Source: 20-F on SEC.gov (filed 2019-03-01) ↗

Evidence — inputs and thresholds

{
  "f_score": 0.146,
  "probability": 0.00054,
  "components": {
    "rsst": null,
    "drec": -0.0008,
    "dinv": 0.0032,
    "soft": 0.1128,
    "dcs": 0.8562,
    "droa": null,
    "issue": 0
  },
  "model": "Dechow et al. 2011, Model 1 (simplified RSST)",
  "thresholds": {
    "elevated": 1,
    "triggered": 1.85
  },
  "stale": false,
  "latest_filing_period": "2018-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1308858/000091957419002125/0000919574-19-002125-index.htm",
    "form": "20-F",
    "filed": "2019-03-01"
  }
}