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CIK 68709

MTS SYSTEMS CORPORATION
CIK 0000068709 ยท EDGAR โ†—
cleanelevatedtriggeredno dataplanned
77.8
composite ยท 3 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 2020-10-03 ยท TRIGGERED77.8

Pension underfunding

DB plan 59% funded โ€” -$17M deficit (8% of equity)
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2020-12-15) โ†—
Evidence โ€” inputs and thresholds
{
  "benefit_obligation": 41670000,
  "plan_assets": 24503000,
  "funded_ratio": 0.588,
  "deficit": -17167000,
  "deficit_vs_equity": 0.0776,
  "thresholds": {
    "elevated": "<90% funded",
    "triggered": "<80% funded or deficit >25% of equity"
  },
  "stale": false,
  "latest_filing_period": "2020-10-03",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/68709/000006870920000047/0000068709-20-000047-index.htm",
    "form": "10-K",
    "filed": "2020-12-15"
  }
}
P-05 ยท FY 2014-09-27 ยท CLEAN0.0

Tax arbitrage

[FY2014 data, stale โ€” no more recent pretax-income figure in XBRL] ETR 28.1% โ€” within normal range of statutory
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2017-04-10) โ†—
Evidence โ€” inputs and thresholds
{
  "etr_by_year": {
    "2014-09-27": 0.2812,
    "2013-09-28": 0.2706,
    "2012-09-29": 0.3538
  },
  "statutory_rate": 0.21,
  "gap_by_year": {
    "2014-09-27": -0.0712,
    "2013-09-28": -0.0606,
    "2012-09-29": -0.1438
  },
  "note": "Low ETR can be fully legitimate; this flags persistence + magnitude for review.",
  "stale": true,
  "latest_filing_period": "2020-10-03",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/68709/000006870917000026/0000068709-17-000026-index.htm",
    "form": "10-K",
    "filed": "2017-04-10"
  }
}
P-13 ยท FY 2017-09-30 ยท CLEAN0.0

Zombie / distress

[FY2017 data, stale โ€” no more recent EBIT figure in XBRL] Interest coverage 1.78x โ€” servicing debt from operations
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2017-11-27) โ†—
Evidence โ€” inputs and thresholds
{
  "icr_by_year": {
    "2020-10-03": null,
    "2019-09-28": null,
    "2018-09-29": null,
    "2017-09-30": 1.779
  },
  "consecutive_years_below_1": 0,
  "altman_z_double_prime": 2.774,
  "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": 54828000,
    "interest_expense_t": 30821000
  },
  "stale": true,
  "latest_filing_period": "2020-10-03",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/68709/000006870917000050/0000068709-17-000050-index.htm",
    "form": "10-K",
    "filed": "2017-11-27"
  }
}