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GRVY

GRAVITY CO., LTD.
CIK 0001313310 · EDGAR ↗
cleanelevatedtriggeredno dataplanned
75.0
composite · 4 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-13 · FY 2015-12-31 · TRIGGERED100.0

Zombie / distress

Zombie: interest coverage below 1.0x for 3 consecutive years
trend: flat
Trend
Source: 20-F on SEC.gov (filed 2016-04-20)
Evidence — inputs and thresholds
{
  "icr_by_year": {
    "2016-12-31": null,
    "2015-12-31": -4911.667,
    "2014-12-31": -1084.4,
    "2013-12-31": -406.538
  },
  "consecutive_years_below_1": 3,
  "altman_z_double_prime": 1.028,
  "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": -14735000,
    "interest_expense_t": 3000
  },
  "stale": false,
  "latest_filing_period": "2016-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1313310/000119312516547162/0001193125-16-547162-index.htm",
    "form": "20-F",
    "filed": "2016-04-20"
  }
}
P-01 · FY 2016-12-31 · CLEAN36.5

Earnings quality

Beneish M-Score -2.22 — no manipulation profile
trend: flat
Trend
Source: 20-F on SEC.gov (filed 2017-04-28)
Evidence — inputs and thresholds
{
  "m_score": -2.224,
  "threshold": -1.78,
  "ratios": {
    "DSRI": 1.551,
    "GMI": 0.362,
    "AQI": 0.852,
    "SGI": 1.4,
    "DEPI": 1.814,
    "SGAI": 0.967,
    "LVGI": 1.947,
    "TATA": 0
  },
  "defaulted_to_neutral": [
    "TATA"
  ],
  "sloan_accruals": null,
  "inputs": {
    "revenue_t": 42698000,
    "revenue_t1": 30497000,
    "total_assets_t": 45849000,
    "net_income_t": 207000,
    "cfo_t": null
  },
  "stale": false,
  "latest_filing_period": "2016-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1313310/000119312517145523/0001193125-17-145523-index.htm",
    "form": "20-F",
    "filed": "2017-04-28"
  }
}
P-05 · FY 2016-12-31 · CLEAN0.0

Tax arbitrage

ETR 94.8% — within normal range of statutory
trend: flat
Trend
Source: 20-F on SEC.gov (filed 2017-04-28)
Evidence — inputs and thresholds
{
  "etr_by_year": {
    "2016-12-31": 0.9479
  },
  "statutory_rate": 0.21,
  "gap_by_year": {
    "2016-12-31": -0.7379
  },
  "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/1313310/000119312517145523/0001193125-17-145523-index.htm",
    "form": "20-F",
    "filed": "2017-04-28"
  }
}
P-12 · FY 2016-12-31 · CLEAN13.1

Restatement predictor

F-Score 0.39 — at or below the population base rate
trend: flat
Trend
Source: 20-F on SEC.gov (filed 2017-04-28)
Evidence — inputs and thresholds
{
  "f_score": 0.393,
  "probability": 0.00145,
  "components": {
    "rsst": null,
    "drec": 0.1247,
    "dinv": null,
    "soft": 0.6863,
    "dcs": 0.2264,
    "droa": 0.3755,
    "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/1313310/000119312517145523/0001193125-17-145523-index.htm",
    "form": "20-F",
    "filed": "2017-04-28"
  }
}