CIK 920321

CENVEO, INC

CIK 0000920321 · EDGAR ↗

cleanelevatedtriggeredno dataplanned

62.8

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 2016-12-31 · TRIGGERED66.7

Pension underfunding

DB plan 67% funded — -$119M deficit

trend: flat

Trend

Source: 10-K on SEC.gov (filed 2017-02-23) ↗

Evidence — inputs and thresholds

{
  "benefit_obligation": 357569000,
  "plan_assets": 238343000,
  "funded_ratio": 0.6666,
  "deficit": -119226000,
  "deficit_vs_equity": null,
  "thresholds": {
    "elevated": "<90% funded",
    "triggered": "<80% funded or deficit >25% of equity"
  },
  "stale": false,
  "latest_filing_period": "2016-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/920321/000092032117000019/0000920321-17-000019-index.htm",
    "form": "10-K",
    "filed": "2017-02-23"
  }
}

P-13 · FY 2016-12-31 · TRIGGERED62.8

Zombie / distress

Zombie: interest coverage below 1.0x for 4 consecutive years

trend: flat

Trend

Source: 10-K on SEC.gov (filed 2017-02-23) ↗

Evidence — inputs and thresholds

{
  "icr_by_year": {
    "2016-12-31": 0.887,
    "2016-01-02": 0.831,
    "2014-12-27": 0.401,
    "2013-12-28": 0.285
  },
  "consecutive_years_below_1": 4,
  "altman_z_double_prime": -2.504,
  "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": 76032000,
    "interest_expense_t": 85753000
  },
  "stale": false,
  "latest_filing_period": "2016-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/920321/000092032117000019/0000920321-17-000019-index.htm",
    "form": "10-K",
    "filed": "2017-02-23"
  }
}

P-05 · FY 2016-12-31 · ELEVATED71.3

Tax arbitrage

ETR 5.7% vs 21% statutory — gap persistent across 1 of 1 years

trend: flat

Trend

Source: 10-K on SEC.gov (filed 2017-02-23) ↗

Evidence — inputs and thresholds

{
  "etr_by_year": {
    "2016-12-31": 0.0567
  },
  "statutory_rate": 0.21,
  "gap_by_year": {
    "2016-12-31": 0.1533
  },
  "note": "Low ETR can be fully legitimate; this flags persistence + magnitude for review.",
  "stale": false,
  "latest_filing_period": "2016-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/920321/000092032117000019/0000920321-17-000019-index.htm",
    "form": "10-K",
    "filed": "2017-02-23"
  }
}

P-01 · FY 2016-12-31 · CLEAN34.6

Earnings quality

Beneish M-Score -2.34 — no manipulation profile

trend: flat

Trend

Source: 10-K on SEC.gov (filed 2017-02-23) ↗

Evidence — inputs and thresholds

{
  "m_score": -2.341,
  "threshold": -1.78,
  "ratios": {
    "DSRI": 0.887,
    "GMI": 1.09,
    "AQI": 0.972,
    "SGI": 1.04,
    "DEPI": 1.031,
    "SGAI": 0.925,
    "LVGI": 1.025,
    "TATA": 0.035
  },
  "defaulted_to_neutral": [],
  "sloan_accruals": 0.0292,
  "inputs": {
    "revenue_t": 29405000,
    "revenue_t1": 28281000,
    "total_assets_t": 912959000,
    "net_income_t": 67949000,
    "cfo_t": 38871000
  },
  "stale": false,
  "latest_filing_period": "2016-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/920321/000092032117000019/0000920321-17-000019-index.htm",
    "form": "10-K",
    "filed": "2017-02-23"
  }
}

P-12 · FY 2016-12-31 · CLEAN15.0

Restatement predictor

F-Score 0.45 — at or below the population base rate

trend: flat

Trend

Source: 10-K on SEC.gov (filed 2017-02-23) ↗

Evidence — inputs and thresholds

{
  "f_score": 0.45,
  "probability": 0.00167,
  "components": {
    "rsst": 0.0292,
    "drec": -0.0199,
    "dinv": -0.0197,
    "soft": 0.7665,
    "dcs": 0.7418,
    "droa": 0.1029,
    "issue": 0
  },
  "model": "Dechow et al. 2011, Model 1 (simplified RSST)",
  "thresholds": {
    "elevated": 1,
    "triggered": 1.85
  },
  "stale": false,
  "latest_filing_period": "2016-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/920321/000092032117000019/0000920321-17-000019-index.htm",
    "form": "10-K",
    "filed": "2017-02-23"
  }
}