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BTOG

Bit Origin Ltd
CIK 0001735556 ยท EDGAR โ†—
cleanelevatedtriggeredno dataplanned
17.3
composite ยท 3 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 2023-06-30 ยท ELEVATED100.0

Zombie / distress

[FY2023 data, stale โ€” no more recent EBIT figure in XBRL] Interest coverage -124.48x below 1.0
trend: flat
Trend
Source: 20-F on SEC.gov (filed 2024-12-26) โ†—
Evidence โ€” inputs and thresholds
{
  "icr_by_year": {
    "2025-06-30": null,
    "2024-06-30": null,
    "2023-06-30": -124.484,
    "2022-06-30": -522.834
  },
  "consecutive_years_below_1": 2,
  "altman_z_double_prime": -10.275,
  "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": -28304640,
    "interest_expense_t": 227376
  },
  "stale": true,
  "latest_filing_period": "2025-06-30",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1735556/000141057824002113/0001410578-24-002113-index.htm",
    "form": "20-F",
    "filed": "2024-12-26"
  }
}
P-01 ยท FY 2025-06-30 ยท CLEAN10.7

Earnings quality

Beneish M-Score -3.13 โ€” no manipulation profile
trend: flat
Trend
Source: 20-F on SEC.gov (filed 2025-10-31) โ†—
Evidence โ€” inputs and thresholds
{
  "m_score": -3.125,
  "threshold": -1.78,
  "ratios": {
    "DSRI": 1,
    "GMI": 1,
    "AQI": 1,
    "SGI": 0.014,
    "DEPI": 1,
    "SGAI": 1,
    "LVGI": 0.282,
    "TATA": 0
  },
  "defaulted_to_neutral": [
    "DSRI",
    "GMI",
    "AQI",
    "DEPI",
    "SGAI",
    "TATA"
  ],
  "sloan_accruals": null,
  "inputs": {
    "revenue_t": 39495,
    "revenue_t1": 2888482,
    "total_assets_t": 3536440,
    "net_income_t": null,
    "cfo_t": -2290607
  },
  "stale": false,
  "latest_filing_period": "2025-06-30",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1735556/000110465925105009/0001104659-25-105009-index.htm",
    "form": "20-F",
    "filed": "2025-10-31"
  }
}
P-12 ยท FY 2025-06-30 ยท CLEAN18.9

Restatement predictor

F-Score 0.57 โ€” at or below the population base rate
trend: flat
Trend
Source: 20-F on SEC.gov (filed 2025-10-31) โ†—
Evidence โ€” inputs and thresholds
{
  "f_score": 0.567,
  "probability": 0.0021,
  "components": {
    "rsst": null,
    "drec": -0.0229,
    "dinv": null,
    "soft": 0.9843,
    "dcs": -0.9458,
    "droa": null,
    "issue": 0
  },
  "model": "Dechow et al. 2011, Model 1 (simplified RSST)",
  "thresholds": {
    "elevated": 1,
    "triggered": 1.85
  },
  "stale": false,
  "latest_filing_period": "2025-06-30",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1735556/000110465925105009/0001104659-25-105009-index.htm",
    "form": "20-F",
    "filed": "2025-10-31"
  }
}