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CIK 1447382

Ocean Rig UDW Inc.
CIK 0001447382 ยท EDGAR โ†—
cleanelevatedtriggeredno dataplanned
70.2
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-07 ยท FY 2012-12-31 ยท TRIGGERED66.0

Pension underfunding

[FY2012 data, stale โ€” no more recent pension disclosure in XBRL] DB plan 67% funded โ€” $4M surplus
trend: flat
Trend
Source: 20-F on SEC.gov (filed 2015-03-09) โ†—
Evidence โ€” inputs and thresholds
{
  "benefit_obligation": 12286000,
  "plan_assets": 8229000,
  "funded_ratio": 0.6698,
  "deficit": 4057000,
  "deficit_vs_equity": null,
  "thresholds": {
    "elevated": "<90% funded",
    "triggered": "<80% funded or deficit >25% of equity"
  },
  "stale": true,
  "latest_filing_period": "2017-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1447382/000091957415002725/0000919574-15-002725-index.htm",
    "form": "20-F",
    "filed": "2015-03-09"
  }
}
P-13 ยท FY 2017-12-31 ยท ELEVATED100.0

Zombie / distress

Interest coverage -2.13x below 1.0
trend: flat
Trend
Source: 20-F on SEC.gov (filed 2018-03-15) โ†—
Evidence โ€” inputs and thresholds
{
  "icr_by_year": {
    "2017-12-31": -2.133,
    "2016-12-31": -13.356,
    "2015-12-31": 1.019,
    "2014-12-31": 2.112
  },
  "consecutive_years_below_1": 2,
  "altman_z_double_prime": 0.229,
  "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": -529715000,
    "interest_expense_t": 248342000
  },
  "stale": false,
  "latest_filing_period": "2017-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1447382/000091957418002506/0000919574-18-002506-index.htm",
    "form": "20-F",
    "filed": "2018-03-15"
  }
}
P-01 ยท FY 2017-12-31 ยท CLEAN0.0

Earnings quality

Beneish M-Score -3.75 โ€” no manipulation profile
trend: flat
Trend
Source: 20-F on SEC.gov (filed 2018-03-15) โ†—
Evidence โ€” inputs and thresholds
{
  "m_score": -3.748,
  "threshold": -1.78,
  "ratios": {
    "DSRI": 0.937,
    "GMI": 1,
    "AQI": 0.468,
    "SGI": 0.609,
    "DEPI": 1,
    "SGAI": 1,
    "LVGI": 0.224,
    "TATA": -0.192
  },
  "defaulted_to_neutral": [
    "GMI",
    "DEPI",
    "SGAI"
  ],
  "sloan_accruals": -0.1581,
  "inputs": {
    "revenue_t": 1007520000,
    "revenue_t1": 1653667000,
    "total_assets_t": 2851965000,
    "net_income_t": -5402000,
    "cfo_t": 543368000
  },
  "stale": false,
  "latest_filing_period": "2017-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1447382/000091957418002506/0000919574-18-002506-index.htm",
    "form": "20-F",
    "filed": "2018-03-15"
  }
}
P-05 ยท FY 2017-12-31 ยท CLEAN0.0

Tax arbitrage

ETR 109.3% โ€” within normal range of statutory
trend: flat
Trend
Source: 20-F on SEC.gov (filed 2018-03-15) โ†—
Evidence โ€” inputs and thresholds
{
  "etr_by_year": {
    "2017-12-31": 1.093,
    "2015-12-31": 0.5551
  },
  "statutory_rate": 0.21,
  "gap_by_year": {
    "2017-12-31": -0.883,
    "2015-12-31": -0.3451
  },
  "note": "Low ETR can be fully legitimate; this flags persistence + magnitude for review.",
  "stale": false,
  "latest_filing_period": "2017-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1447382/000091957418002506/0000919574-18-002506-index.htm",
    "form": "20-F",
    "filed": "2018-03-15"
  }
}
P-12 ยท FY 2017-12-31 ยท CLEAN1.5

Restatement predictor

F-Score 0.04 โ€” at or below the population base rate
trend: flat
Trend
Source: 20-F on SEC.gov (filed 2018-03-15) โ†—
Evidence โ€” inputs and thresholds
{
  "f_score": 0.044,
  "probability": 0.00016,
  "components": {
    "rsst": -0.1581,
    "drec": -0.0367,
    "dinv": -0.001,
    "soft": 0.0925,
    "dcs": -0.3137,
    "droa": 0.7904,
    "issue": 0
  },
  "model": "Dechow et al. 2011, Model 1 (simplified RSST)",
  "thresholds": {
    "elevated": 1,
    "triggered": 1.85
  },
  "stale": false,
  "latest_filing_period": "2017-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1447382/000091957418002506/0000919574-18-002506-index.htm",
    "form": "20-F",
    "filed": "2018-03-15"
  }
}