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CIK 1637921

FULING GLOBAL INC.
CIK 0001637921 ยท EDGAR โ†—
cleanelevatedtriggeredno dataplanned
47.2
composite ยท 4 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-05 ยท FY 2019-12-31 ยท ELEVATED58.6

Tax arbitrage

ETR 15.1% vs 21% statutory โ€” gap persistent across 2 of 3 years
trend: flat
Trend
Source: 20-F on SEC.gov (filed 2020-04-15) โ†—
Evidence โ€” inputs and thresholds
{
  "etr_by_year": {
    "2019-12-31": 0.1506,
    "2018-12-31": 0.1027,
    "2017-12-31": 0.0871
  },
  "statutory_rate": 0.21,
  "gap_by_year": {
    "2019-12-31": 0.0594,
    "2018-12-31": 0.1073,
    "2017-12-31": 0.1229
  },
  "note": "Low ETR can be fully legitimate; this flags persistence + magnitude for review.",
  "stale": false,
  "latest_filing_period": "2019-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1637921/000121390020009221/0001213900-20-009221-index.htm",
    "form": "20-F",
    "filed": "2020-04-15"
  }
}
P-01 ยท FY 2019-12-31 ยท CLEAN36.4

Earnings quality

Beneish M-Score -2.28 โ€” no manipulation profile
trend: flat
Trend
Source: 20-F on SEC.gov (filed 2020-04-15) โ†—
Evidence โ€” inputs and thresholds
{
  "m_score": -2.28,
  "threshold": -1.78,
  "ratios": {
    "DSRI": 0.788,
    "GMI": 0.862,
    "AQI": 1.531,
    "SGI": 1.09,
    "DEPI": 0.858,
    "SGAI": 1,
    "LVGI": 0.783,
    "TATA": 0.025
  },
  "defaulted_to_neutral": [
    "SGAI"
  ],
  "sloan_accruals": 0.0312,
  "inputs": {
    "revenue_t": 151113371,
    "revenue_t1": 138664272,
    "total_assets_t": 134327068,
    "net_income_t": 15015220,
    "cfo_t": 11001034
  },
  "stale": false,
  "latest_filing_period": "2019-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1637921/000121390020009221/0001213900-20-009221-index.htm",
    "form": "20-F",
    "filed": "2020-04-15"
  }
}
P-12 ยท FY 2019-12-31 ยท CLEAN25.7

Restatement predictor

F-Score 0.77 โ€” at or below the population base rate
trend: flat
Trend
Source: 20-F on SEC.gov (filed 2020-04-15) โ†—
Evidence โ€” inputs and thresholds
{
  "f_score": 0.771,
  "probability": 0.00285,
  "components": {
    "rsst": 0.0312,
    "drec": -0.0306,
    "dinv": 0.0117,
    "soft": 0.5333,
    "dcs": 0.1181,
    "droa": 0.0314,
    "issue": 1
  },
  "model": "Dechow et al. 2011, Model 1 (simplified RSST)",
  "thresholds": {
    "elevated": 1,
    "triggered": 1.85
  },
  "stale": false,
  "latest_filing_period": "2019-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1637921/000121390020009221/0001213900-20-009221-index.htm",
    "form": "20-F",
    "filed": "2020-04-15"
  }
}
P-13 ยท FY 2019-12-31 ยท CLEAN0.0

Zombie / distress

Interest coverage 9.14x โ€” servicing debt from operations
trend: flat
Trend
Source: 20-F on SEC.gov (filed 2020-04-15) โ†—
Evidence โ€” inputs and thresholds
{
  "icr_by_year": {
    "2019-12-31": 9.143,
    "2018-12-31": 5.749,
    "2017-12-31": 9.264,
    "2016-12-31": 17.979
  },
  "consecutive_years_below_1": 0,
  "altman_z_double_prime": 4.572,
  "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": 15356141,
    "interest_expense_t": 1679609
  },
  "stale": false,
  "latest_filing_period": "2019-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1637921/000121390020009221/0001213900-20-009221-index.htm",
    "form": "20-F",
    "filed": "2020-04-15"
  }
}