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ADMA

ADMA BIOLOGICS, INC.
CIK 0001368514 ยท EDGAR โ†—
cleanelevatedtriggeredno dataplanned
100.0
composite ยท 2 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-13 ยท FY 2023-12-31 ยท ELEVATED43.4

Zombie / distress

[FY2023 data, stale โ€” no more recent EBIT figure in XBRL] Interest coverage 0.86x below 1.0
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2026-02-25) โ†—
Evidence โ€” inputs and thresholds
{
  "icr_by_year": {
    "2025-12-31": null,
    "2024-12-31": null,
    "2023-12-31": 0.864,
    "2022-12-31": -2.042
  },
  "consecutive_years_below_1": 2,
  "altman_z_double_prime": 0.289,
  "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": 21632000,
    "interest_expense_t": 25027000
  },
  "stale": true,
  "latest_filing_period": "2025-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1368514/000114036126006815/0001140361-26-006815-index.htm",
    "form": "10-K",
    "filed": "2026-02-25"
  }
}
P-05 ยท FY 2025-12-31 ยท CLEAN100.0

Tax arbitrage

ETR 19.6% โ€” within normal range of statutory
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2026-02-25) โ†—
Evidence โ€” inputs and thresholds
{
  "etr_by_year": {
    "2025-12-31": 0.1956,
    "2024-12-31": -0.5724
  },
  "statutory_rate": 0.21,
  "gap_by_year": {
    "2025-12-31": 0.0144,
    "2024-12-31": 0.7824
  },
  "note": "Low ETR can be fully legitimate; this flags persistence + magnitude for review.",
  "stale": false,
  "latest_filing_period": "2025-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1368514/000114036126006815/0001140361-26-006815-index.htm",
    "form": "10-K",
    "filed": "2026-02-25"
  }
}