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CIK 713002

FLOW INTERNATIONAL CORP
CIK 0000713002 ยท EDGAR โ†—
cleanelevatedtriggeredno dataplanned
41.1
composite ยท 5 signals ยท TRIGGERED

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Signals

P-07 ยท FY 2013-04-30 ยท TRIGGERED55.8

Pension underfunding

DB plan 72% funded โ€” -$0M deficit (0% of equity)
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2013-07-30) โ†—
Evidence โ€” inputs and thresholds
{
  "benefit_obligation": 1445000,
  "plan_assets": 1045000,
  "funded_ratio": 0.7232,
  "deficit": -400000,
  "deficit_vs_equity": 0.0041,
  "thresholds": {
    "elevated": "<90% funded",
    "triggered": "<80% funded or deficit >25% of equity"
  },
  "stale": false,
  "latest_filing_period": "2013-04-30",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/713002/000071300213000024/0000713002-13-000024-index.htm",
    "form": "10-K",
    "filed": "2013-07-30"
  }
}
P-01 ยท FY 2013-04-30 ยท CLEAN23.6

Earnings quality

Beneish M-Score -2.68 โ€” no manipulation profile
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2013-07-30) โ†—
Evidence โ€” inputs and thresholds
{
  "m_score": -2.676,
  "threshold": -1.78,
  "ratios": {
    "DSRI": 0.893,
    "GMI": 1.037,
    "AQI": 0.84,
    "SGI": 1.022,
    "DEPI": 1.054,
    "SGAI": 1,
    "LVGI": 0.999,
    "TATA": -0.017
  },
  "defaulted_to_neutral": [
    "SGAI"
  ],
  "sloan_accruals": -0.0173,
  "inputs": {
    "revenue_t": 259338000,
    "revenue_t1": 253768000,
    "total_assets_t": 162093000,
    "net_income_t": 5037000,
    "cfo_t": 7887000
  },
  "stale": false,
  "latest_filing_period": "2013-04-30",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/713002/000071300213000024/0000713002-13-000024-index.htm",
    "form": "10-K",
    "filed": "2013-07-30"
  }
}
P-05 ยท FY 2013-04-30 ยท CLEAN0.0

Tax arbitrage

ETR 49.8% โ€” within normal range of statutory
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2013-07-30) โ†—
Evidence โ€” inputs and thresholds
{
  "etr_by_year": {
    "2013-04-30": 0.4979,
    "2012-04-30": 0.2587,
    "2011-04-30": 0.7417
  },
  "statutory_rate": 0.21,
  "gap_by_year": {
    "2013-04-30": -0.2879,
    "2012-04-30": -0.0487,
    "2011-04-30": -0.5317
  },
  "note": "Low ETR can be fully legitimate; this flags persistence + magnitude for review.",
  "stale": false,
  "latest_filing_period": "2013-04-30",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/713002/000071300213000024/0000713002-13-000024-index.htm",
    "form": "10-K",
    "filed": "2013-07-30"
  }
}
P-12 ยท FY 2013-04-30 ยท CLEAN15.6

Restatement predictor

F-Score 0.47 โ€” at or below the population base rate
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2013-07-30) โ†—
Evidence โ€” inputs and thresholds
{
  "f_score": 0.467,
  "probability": 0.00173,
  "components": {
    "rsst": -0.0173,
    "drec": -0.0248,
    "dinv": 0.006,
    "soft": 0.7942,
    "dcs": 0.0381,
    "droa": -0.0255,
    "issue": 0
  },
  "model": "Dechow et al. 2011, Model 1 (simplified RSST)",
  "thresholds": {
    "elevated": 1,
    "triggered": 1.85
  },
  "stale": false,
  "latest_filing_period": "2013-04-30",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/713002/000071300213000024/0000713002-13-000024-index.htm",
    "form": "10-K",
    "filed": "2013-07-30"
  }
}
P-13 ยท FY 2013-04-30 ยท CLEAN0.0

Zombie / distress

Interest coverage 8.05x โ€” servicing debt from operations
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2013-07-30) โ†—
Evidence โ€” inputs and thresholds
{
  "icr_by_year": {
    "2013-04-30": 8.053,
    "2012-04-30": 13.192,
    "2011-04-30": 2.752,
    "2010-04-30": -2.949
  },
  "consecutive_years_below_1": 0,
  "altman_z_double_prime": 3.175,
  "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": 12667000,
    "interest_expense_t": 1573000
  },
  "stale": false,
  "latest_filing_period": "2013-04-30",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/713002/000071300213000024/0000713002-13-000024-index.htm",
    "form": "10-K",
    "filed": "2013-07-30"
  }
}