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HWLDF

H World Group Ltd
CIK 0001483994 ยท EDGAR โ†—
cleanelevatedtriggeredno dataplanned
18.5
composite ยท 5 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-07 ยท FY 2021-12-31 ยท TRIGGERED78.9

Pension underfunding

[FY2021 data, stale โ€” no more recent pension disclosure in XBRL] DB plan 3% funded โ€” -$152M deficit (9% of equity)
trend: flat
Trend
Source: 20-F on SEC.gov (filed 2022-04-27) โ†—
Evidence โ€” inputs and thresholds
{
  "benefit_obligation": 157000000,
  "plan_assets": 5000000,
  "funded_ratio": 0.0318,
  "deficit": -152000000,
  "deficit_vs_equity": 0.0886,
  "thresholds": {
    "elevated": "<90% funded",
    "triggered": "<80% funded or deficit >25% of equity"
  },
  "stale": true,
  "latest_filing_period": "2025-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1483994/000110465922050640/0001104659-22-050640-index.htm",
    "form": "20-F",
    "filed": "2022-04-27"
  }
}
P-13 ยท FY 2023-12-31 ยท ELEVATED20.0

Zombie / distress

[FY2023 data, stale โ€” no more recent EBIT figure in XBRL] Altman Z'' 0.24 in the distress zone
trend: flat
Trend
Source: 20-F on SEC.gov (filed 2024-04-23) โ†—
Evidence โ€” inputs and thresholds
{
  "icr_by_year": {
    "2025-12-31": null,
    "2024-12-31": null,
    "2023-12-31": 12.259,
    "2022-12-31": -0.729
  },
  "consecutive_years_below_1": 0,
  "altman_z_double_prime": 0.235,
  "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": 662000000,
    "interest_expense_t": 54000000
  },
  "stale": true,
  "latest_filing_period": "2025-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1483994/000110465924050202/0001104659-24-050202-index.htm",
    "form": "20-F",
    "filed": "2024-04-23"
  }
}
P-01 ยท FY 2025-12-31 ยท CLEAN19.5

Earnings quality

Beneish M-Score -2.82 โ€” no manipulation profile
trend: flat
Trend
Source: 20-F on SEC.gov (filed 2026-04-24) โ†—
Evidence โ€” inputs and thresholds
{
  "m_score": -2.818,
  "threshold": -1.78,
  "ratios": {
    "DSRI": 0.84,
    "GMI": 1,
    "AQI": 0.931,
    "SGI": 1.105,
    "DEPI": 0.982,
    "SGAI": 1,
    "LVGI": 1.059,
    "TATA": -0.05
  },
  "defaulted_to_neutral": [
    "GMI",
    "SGAI"
  ],
  "sloan_accruals": -0.0529,
  "inputs": {
    "revenue_t": 3618000000,
    "revenue_t1": 3274000000,
    "total_assets_t": 9263000000,
    "net_income_t": 726000000,
    "cfo_t": 1198000000
  },
  "stale": false,
  "latest_filing_period": "2025-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1483994/000110465926048058/0001104659-26-048058-index.htm",
    "form": "20-F",
    "filed": "2026-04-24"
  }
}
P-05 ยท FY 2019-12-31 ยท CLEAN0.0

Tax arbitrage

[FY2019 data, stale โ€” no more recent pretax-income figure in XBRL] ETR 24.9% โ€” within normal range of statutory
trend: flat
Trend
Source: 20-F on SEC.gov (filed 2020-04-21) โ†—
Evidence โ€” inputs and thresholds
{
  "etr_by_year": {
    "2019-12-31": 0.2493
  },
  "statutory_rate": 0.21,
  "gap_by_year": {
    "2019-12-31": -0.0393
  },
  "note": "Low ETR can be fully legitimate; this flags persistence + magnitude for review.",
  "stale": true,
  "latest_filing_period": "2025-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1483994/000119312520113650/0001193125-20-113650-index.htm",
    "form": "20-F",
    "filed": "2020-04-21"
  }
}
P-12 ยท FY 2025-12-31 ยท CLEAN14.3

Restatement predictor

F-Score 0.43 โ€” at or below the population base rate
trend: flat
Trend
Source: 20-F on SEC.gov (filed 2026-04-24) โ†—
Evidence โ€” inputs and thresholds
{
  "f_score": 0.429,
  "probability": 0.00159,
  "components": {
    "rsst": -0.0529,
    "drec": -0.0009,
    "dinv": 0,
    "soft": 0.7589,
    "dcs": 0.1075,
    "droa": 0.0296,
    "issue": 0
  },
  "model": "Dechow et al. 2011, Model 1 (simplified RSST)",
  "thresholds": {
    "elevated": 1,
    "triggered": 1.85
  },
  "stale": false,
  "latest_filing_period": "2025-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1483994/000110465926048058/0001104659-26-048058-index.htm",
    "form": "20-F",
    "filed": "2026-04-24"
  }
}