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CIK 1678531

Envision Healthcare Corporation
CIK 0001678531 ยท EDGAR โ†—
cleanelevatedtriggeredno dataplanned
63.5
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-12 ยท FY 2017-12-31 ยท TRIGGERED75.5

Restatement predictor

F-Score 2.27 โ€” misstatement risk 2.3x the base rate
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2018-03-01) โ†—
Evidence โ€” inputs and thresholds
{
  "f_score": 2.266,
  "probability": 0.00838,
  "components": {
    "rsst": -0.0616,
    "drec": 0.0065,
    "dinv": 0,
    "soft": 0.9629,
    "dcs": 1.2046,
    "droa": -0.0126,
    "issue": 1
  },
  "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/1678531/000167853118000033/0001678531-18-000033-index.htm",
    "form": "10-K",
    "filed": "2018-03-01"
  }
}
P-01 ยท FY 2017-12-31 ยท ELEVATED40.3

Earnings quality

Beneish M-Score -2.09 in the elevated zone
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2018-03-01) โ†—
Evidence โ€” inputs and thresholds
{
  "m_score": -2.09,
  "threshold": -1.78,
  "ratios": {
    "DSRI": 0.485,
    "GMI": 1,
    "AQI": 0.83,
    "SGI": 2.235,
    "DEPI": 0.66,
    "SGAI": 1,
    "LVGI": 1.112,
    "TATA": -0.02
  },
  "defaulted_to_neutral": [
    "GMI",
    "SGAI"
  ],
  "sloan_accruals": -0.0616,
  "inputs": {
    "revenue_t": 7819300000,
    "revenue_t1": 3497900000,
    "total_assets_t": 16572600000,
    "net_income_t": -228000000,
    "cfo_t": 797400000
  },
  "stale": false,
  "latest_filing_period": "2017-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1678531/000167853118000033/0001678531-18-000033-index.htm",
    "form": "10-K",
    "filed": "2018-03-01"
  }
}
P-05 ยท FY 2016-12-31 ยท ELEVATED51.4

Tax arbitrage

ETR -1.7% vs 21% statutory โ€” gap persistent across 1 of 2 years
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2018-03-01) โ†—
Evidence โ€” inputs and thresholds
{
  "etr_by_year": {
    "2016-12-31": -0.0166,
    "2015-12-31": 0.2294
  },
  "statutory_rate": 0.21,
  "gap_by_year": {
    "2016-12-31": 0.2266,
    "2015-12-31": -0.0194
  },
  "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/1678531/000167853118000033/0001678531-18-000033-index.htm",
    "form": "10-K",
    "filed": "2018-03-01"
  }
}
P-13 ยท FY 2017-12-31 ยท ELEVATED14.5

Zombie / distress

Interest coverage 0.82x below 1.0
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2018-03-01) โ†—
Evidence โ€” inputs and thresholds
{
  "icr_by_year": {
    "2017-12-31": 0.819,
    "2016-12-31": 2.598,
    "2015-12-31": 5.082,
    "2014-12-31": 4.735
  },
  "consecutive_years_below_1": 1,
  "altman_z_double_prime": 2.4,
  "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": 189200000,
    "interest_expense_t": 231100000
  },
  "stale": false,
  "latest_filing_period": "2017-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1678531/000167853118000033/0001678531-18-000033-index.htm",
    "form": "10-K",
    "filed": "2018-03-01"
  }
}