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NLI HOLDINGS, INC.
CIK 0000072162 · EDGAR ↗
cleanelevatedtriggeredno dataplanned
32.2
composite · 4 signals · ELEVATED

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-01 · FY 2025-12-31 · ELEVATED37.9

Earnings quality

Beneish M-Score -2.17 in the elevated zone
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2026-03-09) ↗
Evidence — inputs and thresholds
{
  "m_score": -2.173,
  "threshold": -1.78,
  "ratios": {
    "DSRI": 1,
    "GMI": 0.931,
    "AQI": 1.105,
    "SGI": 1.085,
    "DEPI": 0.998,
    "SGAI": 0.969,
    "LVGI": 0.282,
    "TATA": -0.003
  },
  "defaulted_to_neutral": [
    "DSRI"
  ],
  "sloan_accruals": -0.0027,
  "inputs": {
    "revenue_t": 158285000,
    "revenue_t1": 145941000,
    "total_assets_t": 464220000,
    "net_income_t": -37826000,
    "cfo_t": -36403000
  },
  "stale": false,
  "latest_filing_period": "2025-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/72162/000110465926025290/0001104659-26-025290-index.htm",
    "form": "10-K",
    "filed": "2026-03-09"
  }
}
P-05 · FY 2024-12-31 · CLEAN16.5

Tax arbitrage

ETR 16.9% — within normal range of statutory
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2026-03-09) ↗
Evidence — inputs and thresholds
{
  "etr_by_year": {
    "2024-12-31": 0.1687
  },
  "statutory_rate": 0.21,
  "gap_by_year": {
    "2024-12-31": 0.0413
  },
  "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/72162/000110465926025290/0001104659-26-025290-index.htm",
    "form": "10-K",
    "filed": "2026-03-09"
  }
}
P-12 · FY 2025-12-31 · CLEAN16.8

Restatement predictor

F-Score 0.50 — at or below the population base rate
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2026-03-09) ↗
Evidence — inputs and thresholds
{
  "f_score": 0.503,
  "probability": 0.00186,
  "components": {
    "rsst": -0.0027,
    "drec": null,
    "dinv": 0.0039,
    "soft": 0.7106,
    "dcs": 0.0846,
    "droa": -0.1977,
    "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/72162/000110465926025290/0001104659-26-025290-index.htm",
    "form": "10-K",
    "filed": "2026-03-09"
  }
}
P-13 · FY 2023-12-31 · CLEAN0.0

Zombie / distress

[FY2023 data, stale — no more recent EBIT figure in XBRL] Interest coverage 18.94x — servicing debt from operations
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2026-03-09) ↗
Evidence — inputs and thresholds
{
  "icr_by_year": {
    "2025-12-31": null,
    "2024-12-31": null,
    "2023-12-31": 18.94,
    "2022-12-31": 14.592
  },
  "consecutive_years_below_1": 0,
  "altman_z_double_prime": 16.662,
  "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": 14129000,
    "interest_expense_t": 746000
  },
  "stale": true,
  "latest_filing_period": "2025-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/72162/000110465926025290/0001104659-26-025290-index.htm",
    "form": "10-K",
    "filed": "2026-03-09"
  }
}