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CIK 814549

EBIX INC
CIK 0000814549 ยท EDGAR โ†—
cleanelevatedtriggeredno dataplanned
50.9
composite ยท 4 signals ยท ELEVATED

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-05 ยท FY 2022-12-31 ยท ELEVATED67.0

Tax arbitrage

ETR 13.1% vs 21% statutory โ€” gap persistent across 2 of 3 years
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2023-03-15) โ†—
Evidence โ€” inputs and thresholds
{
  "etr_by_year": {
    "2022-12-31": 0.1311,
    "2021-12-31": 0.0896,
    "2020-12-31": 0.0566
  },
  "statutory_rate": 0.21,
  "gap_by_year": {
    "2022-12-31": 0.0789,
    "2021-12-31": 0.1204,
    "2020-12-31": 0.1534
  },
  "note": "Low ETR can be fully legitimate; this flags persistence + magnitude for review.",
  "stale": false,
  "latest_filing_period": "2022-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/814549/000162828023008050/0001628280-23-008050-index.htm",
    "form": "10-K",
    "filed": "2023-03-15"
  }
}
P-13 ยท FY 2022-12-31 ยท ELEVATED20.0

Zombie / distress

Altman Z'' 1.08 in the distress zone
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2023-03-15) โ†—
Evidence โ€” inputs and thresholds
{
  "icr_by_year": {
    "2022-12-31": 2.185,
    "2021-12-31": 2.877,
    "2020-12-31": 3.984,
    "2019-12-31": 3.677
  },
  "consecutive_years_below_1": 0,
  "altman_z_double_prime": 1.084,
  "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": 120344000,
    "interest_expense_t": 55068000
  },
  "stale": false,
  "latest_filing_period": "2022-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/814549/000162828023008050/0001628280-23-008050-index.htm",
    "form": "10-K",
    "filed": "2023-03-15"
  }
}
P-01 ยท FY 2022-12-31 ยท CLEAN0.0

Earnings quality

Beneish M-Score -3.60 โ€” no manipulation profile
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2023-03-15) โ†—
Evidence โ€” inputs and thresholds
{
  "m_score": -3.599,
  "threshold": -1.78,
  "ratios": {
    "DSRI": 0.953,
    "GMI": 0.93,
    "AQI": 0.972,
    "SGI": 1.055,
    "DEPI": 0.922,
    "SGAI": 1,
    "LVGI": 4.146,
    "TATA": -0.008
  },
  "defaulted_to_neutral": [
    "SGAI"
  ],
  "sloan_accruals": -0.0083,
  "inputs": {
    "revenue_t": 1050146000,
    "revenue_t1": 994938000,
    "total_assets_t": 1537555000,
    "net_income_t": 64645000,
    "cfo_t": 77567000
  },
  "stale": false,
  "latest_filing_period": "2022-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/814549/000162828023008050/0001628280-23-008050-index.htm",
    "form": "10-K",
    "filed": "2023-03-15"
  }
}
P-12 ยท FY 2022-12-31 ยท CLEAN19.8

Restatement predictor

F-Score 0.59 โ€” at or below the population base rate
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2023-03-15) โ†—
Evidence โ€” inputs and thresholds
{
  "f_score": 0.594,
  "probability": 0.0022,
  "components": {
    "rsst": -0.0083,
    "drec": 0.0006,
    "dinv": null,
    "soft": 0.8939,
    "dcs": 0.0546,
    "droa": -0.0013,
    "issue": 0
  },
  "model": "Dechow et al. 2011, Model 1 (simplified RSST)",
  "thresholds": {
    "elevated": 1,
    "triggered": 1.85
  },
  "stale": false,
  "latest_filing_period": "2022-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/814549/000162828023008050/0001628280-23-008050-index.htm",
    "form": "10-K",
    "filed": "2023-03-15"
  }
}