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CIK 18937

CERADYNE INC
CIK 0000018937 ยท EDGAR โ†—
cleanelevatedtriggeredno dataplanned
74.6
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 2011-12-31 ยท ELEVATED100.0

Tax arbitrage

ETR 34.4% vs 21% statutory โ€” gap persistent across 2 of 3 years
trend: flat
Trend
Source: 10-K/A on SEC.gov (filed 2012-04-24) โ†—
Evidence โ€” inputs and thresholds
{
  "etr_by_year": {
    "2011-12-31": 0.3444,
    "2010-12-31": -0.0319,
    "2009-12-31": -19.4197
  },
  "statutory_rate": 0.21,
  "gap_by_year": {
    "2011-12-31": -0.1344,
    "2010-12-31": 0.2419,
    "2009-12-31": 19.6297
  },
  "note": "Low ETR can be fully legitimate; this flags persistence + magnitude for review.",
  "stale": false,
  "latest_filing_period": "2011-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/18937/000114036112021203/0001140361-12-021203-index.htm",
    "form": "10-K/A",
    "filed": "2012-04-24"
  }
}
P-01 ยท FY 2011-12-31 ยท CLEAN31.6

Earnings quality

Beneish M-Score -2.40 โ€” no manipulation profile
trend: flat
Trend
Source: 10-K/A on SEC.gov (filed 2012-04-24) โ†—
Evidence โ€” inputs and thresholds
{
  "m_score": -2.395,
  "threshold": -1.78,
  "ratios": {
    "DSRI": 0.979,
    "GMI": 0.741,
    "AQI": 1.009,
    "SGI": 1.42,
    "DEPI": 0.941,
    "SGAI": 1,
    "LVGI": 1.022,
    "TATA": -0.026
  },
  "defaulted_to_neutral": [
    "SGAI"
  ],
  "sloan_accruals": -0.0274,
  "inputs": {
    "revenue_t": 571982000,
    "revenue_t1": 402938000,
    "total_assets_t": 948131000,
    "net_income_t": 83888000,
    "cfo_t": 108692000
  },
  "stale": false,
  "latest_filing_period": "2011-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/18937/000114036112021203/0001140361-12-021203-index.htm",
    "form": "10-K/A",
    "filed": "2012-04-24"
  }
}
P-12 ยท FY 2011-12-31 ยท CLEAN14.2

Restatement predictor

F-Score 0.43 โ€” at or below the population base rate
trend: flat
Trend
Source: 10-K/A on SEC.gov (filed 2012-04-24) โ†—
Evidence โ€” inputs and thresholds
{
  "f_score": 0.427,
  "probability": 0.00158,
  "components": {
    "rsst": -0.0274,
    "drec": 0.0227,
    "dinv": 0.0254,
    "soft": 0.6903,
    "dcs": 0.3683,
    "droa": 0.0546,
    "issue": 0
  },
  "model": "Dechow et al. 2011, Model 1 (simplified RSST)",
  "thresholds": {
    "elevated": 1,
    "triggered": 1.85
  },
  "stale": false,
  "latest_filing_period": "2011-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/18937/000114036112021203/0001140361-12-021203-index.htm",
    "form": "10-K/A",
    "filed": "2012-04-24"
  }
}
P-13 ยท FY 2011-12-31 ยท CLEAN0.0

Zombie / distress

Interest coverage 19.40x โ€” servicing debt from operations
trend: flat
Trend
Source: 10-K/A on SEC.gov (filed 2012-04-24) โ†—
Evidence โ€” inputs and thresholds
{
  "icr_by_year": {
    "2011-12-31": 19.405,
    "2010-12-31": 4.667,
    "2009-12-31": 1.086,
    "2008-12-31": 21.024
  },
  "consecutive_years_below_1": 0,
  "altman_z_double_prime": 8.648,
  "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": 128461000,
    "interest_expense_t": 6620000
  },
  "stale": false,
  "latest_filing_period": "2011-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/18937/000114036112021203/0001140361-12-021203-index.htm",
    "form": "10-K/A",
    "filed": "2012-04-24"
  }
}