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ON Semiconductor Corporation
CIK 0001097864 ยท EDGAR โ†—
cleanelevatedtriggeredno dataplanned
47.0
composite ยท 3 signals ยท TRIGGERED

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 2025-12-31 ยท TRIGGERED40.4

Pension underfunding

DB plan 80% funded โ€” -$26M deficit (0% of equity)
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2026-02-09) โ†—
Evidence โ€” inputs and thresholds
{
  "benefit_obligation": 131800000,
  "plan_assets": 105400000,
  "funded_ratio": 0.7997,
  "deficit": -26400000,
  "deficit_vs_equity": 0.0034,
  "thresholds": {
    "elevated": "<90% funded",
    "triggered": "<80% funded or deficit >25% of equity"
  },
  "stale": false,
  "latest_filing_period": "2025-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1097864/000109786426000006/0001097864-26-000006-index.htm",
    "form": "10-K",
    "filed": "2026-02-09"
  }
}
P-05 ยท FY 2025-12-31 ยท ELEVATED48.7

Tax arbitrage

ETR 5.9% vs 21% statutory โ€” gap persistent across 1 of 3 years
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2026-02-09) โ†—
Evidence โ€” inputs and thresholds
{
  "etr_by_year": {
    "2025-12-31": 0.0586,
    "2024-12-31": 0.143,
    "2023-12-31": 0.1381
  },
  "statutory_rate": 0.21,
  "gap_by_year": {
    "2025-12-31": 0.1514,
    "2024-12-31": 0.067,
    "2023-12-31": 0.0719
  },
  "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/1097864/000109786426000006/0001097864-26-000006-index.htm",
    "form": "10-K",
    "filed": "2026-02-09"
  }
}
P-13 ยท FY 2023-12-31 ยท CLEAN0.0

Zombie / distress

[FY2023 data, stale โ€” no more recent EBIT figure in XBRL] Interest coverage 33.94x โ€” servicing debt from operations
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2026-02-09) โ†—
Evidence โ€” inputs and thresholds
{
  "icr_by_year": {
    "2025-12-31": null,
    "2024-12-31": null,
    "2023-12-31": 33.94,
    "2022-12-31": 24.868
  },
  "consecutive_years_below_1": 0,
  "altman_z_double_prime": 6.266,
  "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": 2538700000,
    "interest_expense_t": 74800000
  },
  "stale": true,
  "latest_filing_period": "2025-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1097864/000109786426000006/0001097864-26-000006-index.htm",
    "form": "10-K",
    "filed": "2026-02-09"
  }
}