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{
"etr_by_year": {
"2025-12-31": 0.1622,
"2024-12-31": 0.145,
"2023-12-31": 0.1241
},
"statutory_rate": 0.21,
"gap_by_year": {
"2025-12-31": 0.0478,
"2024-12-31": 0.065,
"2023-12-31": 0.0859
},
"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/1579241/000157924126000007/0001579241-26-000007-index.htm",
"form": "10-K",
"filed": "2026-02-17"
}
}{
"icr_by_year": {
"2025-12-31": 8.51,
"2024-12-31": 7.654,
"2023-12-31": 7.609,
"2022-12-31": 7.726
},
"consecutive_years_below_1": 0,
"altman_z_double_prime": 3.302,
"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": 859500000,
"interest_expense_t": 101000000
},
"stale": false,
"latest_filing_period": "2025-12-31",
"source": {
"url": "https://www.sec.gov/Archives/edgar/data/1579241/000157924126000007/0001579241-26-000007-index.htm",
"form": "10-K",
"filed": "2026-02-17"
}
}