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CIK 21510

COHERENT, INC.
CIK 0000021510 ยท EDGAR โ†—
cleanelevatedtriggeredno dataplanned
67.9
composite ยท 5 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-07 ยท FY 2021-10-02 ยท TRIGGERED75.4

Pension underfunding

DB plan 22% funded โ€” -$47M deficit (5% of equity)
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2021-11-30) โ†—
Evidence โ€” inputs and thresholds
{
  "benefit_obligation": 60333000,
  "plan_assets": 13413000,
  "funded_ratio": 0.2223,
  "deficit": -46920000,
  "deficit_vs_equity": 0.054,
  "thresholds": {
    "elevated": "<90% funded",
    "triggered": "<80% funded or deficit >25% of equity"
  },
  "stale": false,
  "latest_filing_period": "2021-10-02",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/21510/000002151021000060/0000021510-21-000060-index.htm",
    "form": "10-K",
    "filed": "2021-11-30"
  }
}
P-13 ยท FY 2021-10-02 ยท ELEVATED80.0

Zombie / distress

Interest coverage -5.44x below 1.0
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2021-11-30) โ†—
Evidence โ€” inputs and thresholds
{
  "icr_by_year": {
    "2021-10-02": -5.438,
    "2020-10-03": -25.25,
    "2019-09-28": 4.346,
    "2018-09-29": 15.206
  },
  "consecutive_years_below_1": 2,
  "altman_z_double_prime": 4.849,
  "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": -98213000,
    "interest_expense_t": 18059000
  },
  "stale": false,
  "latest_filing_period": "2021-10-02",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/21510/000002151021000060/0000021510-21-000060-index.htm",
    "form": "10-K",
    "filed": "2021-11-30"
  }
}
P-01 ยท FY 2021-10-02 ยท CLEAN17.9

Earnings quality

Beneish M-Score -2.87 โ€” no manipulation profile
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2021-11-30) โ†—
Evidence โ€” inputs and thresholds
{
  "m_score": -2.873,
  "threshold": -1.78,
  "ratios": {
    "DSRI": 0.935,
    "GMI": 0.874,
    "AQI": 1.064,
    "SGI": 1.21,
    "DEPI": 1,
    "SGAI": 0.928,
    "LVGI": 1.145,
    "TATA": -0.095
  },
  "defaulted_to_neutral": [
    "DEPI"
  ],
  "sloan_accruals": -0.0967,
  "inputs": {
    "revenue_t": 1487468000,
    "revenue_t1": 1228999000,
    "total_assets_t": 1888930000,
    "net_income_t": -106751000,
    "cfo_t": 72938000
  },
  "stale": false,
  "latest_filing_period": "2021-10-02",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/21510/000002151021000060/0000021510-21-000060-index.htm",
    "form": "10-K",
    "filed": "2021-11-30"
  }
}
P-05 ยท FY 2019-09-28 ยท CLEAN52.5

Tax arbitrage

[FY2019 data, stale โ€” no more recent pretax-income figure in XBRL] ETR 10.4% โ€” within normal range of statutory
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2021-11-30) โ†—
Evidence โ€” inputs and thresholds
{
  "etr_by_year": {
    "2019-09-28": 0.1036
  },
  "statutory_rate": 0.21,
  "gap_by_year": {
    "2019-09-28": 0.1064
  },
  "note": "Low ETR can be fully legitimate; this flags persistence + magnitude for review.",
  "stale": true,
  "latest_filing_period": "2021-10-02",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/21510/000002151021000060/0000021510-21-000060-index.htm",
    "form": "10-K",
    "filed": "2021-11-30"
  }
}
P-12 ยท FY 2021-10-02 ยท CLEAN25.5

Restatement predictor

F-Score 0.76 โ€” at or below the population base rate
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2021-11-30) โ†—
Evidence โ€” inputs and thresholds
{
  "f_score": 0.764,
  "probability": 0.00283,
  "components": {
    "rsst": -0.0967,
    "drec": 0.0157,
    "dinv": -0.0186,
    "soft": 0.5981,
    "dcs": 0.1866,
    "droa": 0.1701,
    "issue": 1
  },
  "model": "Dechow et al. 2011, Model 1 (simplified RSST)",
  "thresholds": {
    "elevated": 1,
    "triggered": 1.85
  },
  "stale": false,
  "latest_filing_period": "2021-10-02",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/21510/000002151021000060/0000021510-21-000060-index.htm",
    "form": "10-K",
    "filed": "2021-11-30"
  }
}