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CIK 724606

Panera Bread Company
CIK 0000724606 ยท EDGAR โ†—
cleanelevatedtriggeredno dataplanned
12.0
composite ยท 4 signals ยท CLEAN

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-01 ยท FY 2016-12-27 ยท CLEAN12.9

Earnings quality

Beneish M-Score -3.05 โ€” no manipulation profile
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2017-02-22) โ†—
Evidence โ€” inputs and thresholds
{
  "m_score": -3.049,
  "threshold": -1.78,
  "ratios": {
    "DSRI": 1.344,
    "GMI": 1,
    "AQI": 1.057,
    "SGI": 1.042,
    "DEPI": 0.921,
    "SGAI": 1,
    "LVGI": 1.206,
    "TATA": -0.186
  },
  "defaulted_to_neutral": [
    "GMI",
    "SGAI"
  ],
  "sloan_accruals": -0.1765,
  "inputs": {
    "revenue_t": 2795365000,
    "revenue_t1": 2681580000,
    "total_assets_t": 1301611000,
    "net_income_t": 145574000,
    "cfo_t": 387541000
  },
  "stale": false,
  "latest_filing_period": "2016-12-27",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/724606/000072460617000004/0000724606-17-000004-index.htm",
    "form": "10-K",
    "filed": "2017-02-22"
  }
}
P-05 ยท FY 2016-12-27 ยท CLEAN0.0

Tax arbitrage

ETR 36.7% โ€” within normal range of statutory
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2017-02-22) โ†—
Evidence โ€” inputs and thresholds
{
  "etr_by_year": {
    "2016-12-27": 0.3671,
    "2015-12-29": 0.3688,
    "2014-12-30": 0.3534
  },
  "statutory_rate": 0.21,
  "gap_by_year": {
    "2016-12-27": -0.1571,
    "2015-12-29": -0.1588,
    "2014-12-30": -0.1434
  },
  "note": "Low ETR can be fully legitimate; this flags persistence + magnitude for review.",
  "stale": false,
  "latest_filing_period": "2016-12-27",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/724606/000072460617000004/0000724606-17-000004-index.htm",
    "form": "10-K",
    "filed": "2017-02-22"
  }
}
P-12 ยท FY 2016-12-27 ยท CLEAN15.3

Restatement predictor

F-Score 0.46 โ€” at or below the population base rate
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2017-02-22) โ†—
Evidence โ€” inputs and thresholds
{
  "f_score": 0.458,
  "probability": 0.00169,
  "components": {
    "rsst": -0.1765,
    "drec": 0.0112,
    "dinv": null,
    "soft": 0.3022,
    "dcs": 0.0367,
    "droa": 0.0082,
    "issue": 1
  },
  "model": "Dechow et al. 2011, Model 1 (simplified RSST)",
  "thresholds": {
    "elevated": 1,
    "triggered": 1.85
  },
  "stale": false,
  "latest_filing_period": "2016-12-27",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/724606/000072460617000004/0000724606-17-000004-index.htm",
    "form": "10-K",
    "filed": "2017-02-22"
  }
}
P-13 ยท FY 2016-12-27 ยท CLEAN0.0

Zombie / distress

Interest coverage 26.99x โ€” servicing debt from operations
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2017-02-22) โ†—
Evidence โ€” inputs and thresholds
{
  "icr_by_year": {
    "2016-12-27": 26.988,
    "2015-12-29": 63.079,
    "2014-12-30": 151.285,
    "2013-12-31": 294.165
  },
  "consecutive_years_below_1": 0,
  "altman_z_double_prime": 4.666,
  "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": 239763000,
    "interest_expense_t": 8884000
  },
  "stale": false,
  "latest_filing_period": "2016-12-27",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/724606/000072460617000004/0000724606-17-000004-index.htm",
    "form": "10-K",
    "filed": "2017-02-22"
  }
}