CIK 320431

UNIFIED GROCERS, INC.

CIK 0000320431 · EDGAR ↗

cleanelevatedtriggeredno dataplanned

76.3

composite · 5 signals · TRIGGERED

Every card below shows the score and the exact filing data it was computed from — 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 — never a guess.

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Signals

P-07 · FY 2016-10-01 · TRIGGERED100.0

Pension underfunding

DB plan 0% funded — -$34M deficit (111% of equity)

trend: flat

Trend

Source: 10-K on SEC.gov (filed 2016-12-16) ↗

Evidence — inputs and thresholds

{
  "benefit_obligation": 324800000,
  "plan_assets": 0,
  "funded_ratio": 0,
  "deficit": -34495000,
  "deficit_vs_equity": 1.1109,
  "thresholds": {
    "elevated": "<90% funded",
    "triggered": "<80% funded or deficit >25% of equity"
  },
  "stale": false,
  "latest_filing_period": "2016-10-01",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/320431/000156459016030313/0001564590-16-030313-index.htm",
    "form": "10-K",
    "filed": "2016-12-16"
  }
}

P-13 · FY 2016-10-01 · ELEVATED22.9

Zombie / distress

Interest coverage 0.88x below 1.0

trend: flat

Trend

Source: 10-K on SEC.gov (filed 2016-12-16) ↗

Evidence — inputs and thresholds

{
  "icr_by_year": {
    "2016-10-01": 0.883,
    "2015-10-03": 0.182,
    "2014-09-27": 1.936,
    "2013-09-28": 0.954
  },
  "consecutive_years_below_1": 2,
  "altman_z_double_prime": 1.377,
  "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": 8988000,
    "interest_expense_t": 10177000
  },
  "stale": false,
  "latest_filing_period": "2016-10-01",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/320431/000156459016030313/0001564590-16-030313-index.htm",
    "form": "10-K",
    "filed": "2016-12-16"
  }
}

P-01 · FY 2016-10-01 · CLEAN25.2

Earnings quality

Beneish M-Score -2.62 — no manipulation profile

trend: flat

Trend

Source: 10-K on SEC.gov (filed 2016-12-16) ↗

Evidence — inputs and thresholds

{
  "m_score": -2.617,
  "threshold": -1.78,
  "ratios": {
    "DSRI": 1.022,
    "GMI": 0.943,
    "AQI": 1.198,
    "SGI": 0.934,
    "DEPI": 0.869,
    "SGAI": 1.033,
    "LVGI": 0.886,
    "TATA": -0.035
  },
  "defaulted_to_neutral": [],
  "sloan_accruals": -0.0311,
  "inputs": {
    "revenue_t": 3761464000,
    "revenue_t1": 4027620000,
    "total_assets_t": 781048000,
    "net_income_t": -7642000,
    "cfo_t": 19458000
  },
  "stale": false,
  "latest_filing_period": "2016-10-01",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/320431/000156459016030313/0001564590-16-030313-index.htm",
    "form": "10-K",
    "filed": "2016-12-16"
  }
}

P-05 · FY 2014-09-27 · CLEAN0.0

Tax arbitrage

[FY2014 data, stale — no more recent pretax-income figure in XBRL] ETR 139.2% — within normal range of statutory

trend: flat

Trend

Source: 10-K on SEC.gov (filed 2016-12-16) ↗

Evidence — inputs and thresholds

{
  "etr_by_year": {
    "2014-09-27": 1.3924
  },
  "statutory_rate": 0.21,
  "gap_by_year": {
    "2014-09-27": -1.1824
  },
  "note": "Low ETR can be fully legitimate; this flags persistence + magnitude for review.",
  "stale": true,
  "latest_filing_period": "2016-10-01",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/320431/000156459016030313/0001564590-16-030313-index.htm",
    "form": "10-K",
    "filed": "2016-12-16"
  }
}

P-12 · FY 2016-10-01 · CLEAN14.8

Restatement predictor

F-Score 0.44 — at or below the population base rate

trend: flat

Trend

Source: 10-K on SEC.gov (filed 2016-12-16) ↗

Evidence — inputs and thresholds

{
  "f_score": 0.443,
  "probability": 0.00164,
  "components": {
    "rsst": -0.0311,
    "drec": -0.0101,
    "dinv": -0.0322,
    "soft": 0.8043,
    "dcs": -0.0639,
    "droa": 0.0125,
    "issue": 0
  },
  "model": "Dechow et al. 2011, Model 1 (simplified RSST)",
  "thresholds": {
    "elevated": 1,
    "triggered": 1.85
  },
  "stale": false,
  "latest_filing_period": "2016-10-01",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/320431/000156459016030313/0001564590-16-030313-index.htm",
    "form": "10-K",
    "filed": "2016-12-16"
  }
}