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CIK 92679

Sparton Corp.
CIK 0000092679 ยท EDGAR โ†—
cleanelevatedtriggeredno dataplanned
18.2
composite ยท 5 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-07 ยท FY 2018-07-01 ยท ELEVATED23.9

Pension underfunding

DB plan 89% funded โ€” -$1M deficit (1% of equity)
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2018-09-14) โ†—
Evidence โ€” inputs and thresholds
{
  "benefit_obligation": 6007000,
  "plan_assets": 5317000,
  "funded_ratio": 0.8851,
  "deficit": -690000,
  "deficit_vs_equity": 0.0094,
  "thresholds": {
    "elevated": "<90% funded",
    "triggered": "<80% funded or deficit >25% of equity"
  },
  "stale": false,
  "latest_filing_period": "2018-07-01",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/92679/000009267918000024/0000092679-18-000024-index.htm",
    "form": "10-K",
    "filed": "2018-09-14"
  }
}
P-01 ยท FY 2017-07-02 ยท CLEAN11.6

Earnings quality

Beneish M-Score -3.09 โ€” no manipulation profile
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2018-09-14) โ†—
Evidence โ€” inputs and thresholds
{
  "m_score": -3.094,
  "threshold": -1.78,
  "ratios": {
    "DSRI": 1.023,
    "GMI": 1.057,
    "AQI": 0.997,
    "SGI": 0.948,
    "DEPI": 1.086,
    "SGAI": 1.035,
    "LVGI": 0.914,
    "TATA": -0.139
  },
  "defaulted_to_neutral": [],
  "sloan_accruals": -0.1302,
  "inputs": {
    "revenue_t": 397562000,
    "revenue_t1": 419362000,
    "total_assets_t": 217143000,
    "net_income_t": 1317000,
    "cfo_t": 31468000
  },
  "stale": false,
  "latest_filing_period": "2018-07-01",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/92679/000009267918000024/0000092679-18-000024-index.htm",
    "form": "10-K",
    "filed": "2018-09-14"
  }
}
P-05 ยท FY 2018-07-01 ยท CLEAN0.0

Tax arbitrage

ETR 361.4% โ€” within normal range of statutory
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2018-09-14) โ†—
Evidence โ€” inputs and thresholds
{
  "etr_by_year": {
    "2018-07-01": 3.6137,
    "2017-07-02": 0.594
  },
  "statutory_rate": 0.21,
  "gap_by_year": {
    "2018-07-01": -3.4037,
    "2017-07-02": -0.384
  },
  "note": "Low ETR can be fully legitimate; this flags persistence + magnitude for review.",
  "stale": false,
  "latest_filing_period": "2018-07-01",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/92679/000009267918000024/0000092679-18-000024-index.htm",
    "form": "10-K",
    "filed": "2018-09-14"
  }
}
P-12 ยท FY 2017-07-02 ยท CLEAN12.2

Restatement predictor

F-Score 0.37 โ€” at or below the population base rate
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2018-09-14) โ†—
Evidence โ€” inputs and thresholds
{
  "f_score": 0.365,
  "probability": 0.00135,
  "components": {
    "rsst": -0.1302,
    "drec": -0.0061,
    "dinv": -0.0761,
    "soft": 0.8368,
    "dcs": -0.0486,
    "droa": 0.1617,
    "issue": 0
  },
  "model": "Dechow et al. 2011, Model 1 (simplified RSST)",
  "thresholds": {
    "elevated": 1,
    "triggered": 1.85
  },
  "stale": false,
  "latest_filing_period": "2018-07-01",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/92679/000009267918000024/0000092679-18-000024-index.htm",
    "form": "10-K",
    "filed": "2018-09-14"
  }
}
P-13 ยท FY 2018-07-01 ยท CLEAN0.0

Zombie / distress

Interest coverage 1.50x โ€” servicing debt from operations
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2018-09-14) โ†—
Evidence โ€” inputs and thresholds
{
  "icr_by_year": {
    "2018-07-01": 1.5,
    "2017-07-02": 1.718,
    "2016-07-03": -13.618,
    "2015-06-30": 7.024
  },
  "consecutive_years_below_1": 0,
  "altman_z_double_prime": 3.523,
  "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": 9531000,
    "interest_expense_t": 6354000
  },
  "stale": false,
  "latest_filing_period": "2018-07-01",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/92679/000009267918000024/0000092679-18-000024-index.htm",
    "form": "10-K",
    "filed": "2018-09-14"
  }
}