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CIK 1616101

SYMMETRY SURGICAL INC.
CIK 0001616101 ยท EDGAR โ†—
cleanelevatedtriggeredno dataplanned
51.2
composite ยท 5 signals ยท TRIGGERED

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Signals

P-07 ยท FY 2016-01-02 ยท TRIGGERED70.0

Pension underfunding

DB plan 0% funded โ€” $1M surplus
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2016-03-01) โ†—
Evidence โ€” inputs and thresholds
{
  "benefit_obligation": 804000,
  "plan_assets": 0,
  "funded_ratio": 0,
  "deficit": 804000,
  "deficit_vs_equity": null,
  "thresholds": {
    "elevated": "<90% funded",
    "triggered": "<80% funded or deficit >25% of equity"
  },
  "stale": false,
  "latest_filing_period": "2016-01-02",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1616101/000161610116000012/0001616101-16-000012-index.htm",
    "form": "10-K",
    "filed": "2016-03-01"
  }
}
P-01 ยท FY 2016-01-02 ยท CLEAN20.4

Earnings quality

Beneish M-Score -2.79 โ€” no manipulation profile
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2016-03-01) โ†—
Evidence โ€” inputs and thresholds
{
  "m_score": -2.788,
  "threshold": -1.78,
  "ratios": {
    "DSRI": 1.049,
    "GMI": 0.935,
    "AQI": 0.973,
    "SGI": 1.034,
    "DEPI": 0.887,
    "SGAI": 1,
    "LVGI": 0.845,
    "TATA": -0.08
  },
  "defaulted_to_neutral": [
    "SGAI"
  ],
  "sloan_accruals": -0.0807,
  "inputs": {
    "revenue_t": 84527000,
    "revenue_t1": 81782000,
    "total_assets_t": 153981000,
    "net_income_t": 1200000,
    "cfo_t": 13551000
  },
  "stale": false,
  "latest_filing_period": "2016-01-02",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1616101/000161610116000012/0001616101-16-000012-index.htm",
    "form": "10-K",
    "filed": "2016-03-01"
  }
}
P-05 ยท FY 2016-01-02 ยท CLEAN8.5

Tax arbitrage

ETR 18.9% โ€” within normal range of statutory
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2016-03-01) โ†—
Evidence โ€” inputs and thresholds
{
  "etr_by_year": {
    "2016-01-02": 0.1886
  },
  "statutory_rate": 0.21,
  "gap_by_year": {
    "2016-01-02": 0.0214
  },
  "note": "Low ETR can be fully legitimate; this flags persistence + magnitude for review.",
  "stale": false,
  "latest_filing_period": "2016-01-02",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1616101/000161610116000012/0001616101-16-000012-index.htm",
    "form": "10-K",
    "filed": "2016-03-01"
  }
}
P-12 ยท FY 2016-01-02 ยท CLEAN16.1

Restatement predictor

F-Score 0.48 โ€” at or below the population base rate
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2016-03-01) โ†—
Evidence โ€” inputs and thresholds
{
  "f_score": 0.482,
  "probability": 0.00178,
  "components": {
    "rsst": -0.0807,
    "drec": 0.0056,
    "dinv": -0.007,
    "soft": 0.9329,
    "dcs": 0.0231,
    "droa": 0.2431,
    "issue": 0
  },
  "model": "Dechow et al. 2011, Model 1 (simplified RSST)",
  "thresholds": {
    "elevated": 1,
    "triggered": 1.85
  },
  "stale": false,
  "latest_filing_period": "2016-01-02",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1616101/000161610116000012/0001616101-16-000012-index.htm",
    "form": "10-K",
    "filed": "2016-03-01"
  }
}
P-13 ยท FY 2016-01-02 ยท CLEAN0.0

Zombie / distress

Interest coverage 8.87x โ€” servicing debt from operations
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2016-03-01) โ†—
Evidence โ€” inputs and thresholds
{
  "icr_by_year": {
    "2016-01-02": 8.874,
    "2015-01-03": -2340.75,
    "2013-12-28": null,
    "2012-12-29": null
  },
  "consecutive_years_below_1": 0,
  "altman_z_double_prime": 12.927,
  "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": 1970000,
    "interest_expense_t": 222000
  },
  "stale": false,
  "latest_filing_period": "2016-01-02",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1616101/000161610116000012/0001616101-16-000012-index.htm",
    "form": "10-K",
    "filed": "2016-03-01"
  }
}