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WESTERN DIGITAL CORPORATION
CIK 0000106040 ยท EDGAR โ†—
cleanelevatedtriggeredno dataplanned
81.7
composite ยท 5 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 2025-06-27 ยท TRIGGERED51.3

Pension underfunding

DB plan 75% funded โ€” -$68M deficit (1% of equity)
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2025-08-14) โ†—
Evidence โ€” inputs and thresholds
{
  "benefit_obligation": 272000000,
  "plan_assets": 204000000,
  "funded_ratio": 0.75,
  "deficit": -68000000,
  "deficit_vs_equity": 0.0128,
  "thresholds": {
    "elevated": "<90% funded",
    "triggered": "<80% funded or deficit >25% of equity"
  },
  "stale": false,
  "latest_filing_period": "2025-06-27",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/106040/000010604025000038/0000106040-25-000038-index.htm",
    "form": "10-K",
    "filed": "2025-08-14"
  }
}
P-05 ยท FY 2025-06-27 ยท ELEVATED100.0

Tax arbitrage

ETR -45.4% vs 21% statutory โ€” gap persistent across 1 of 1 years
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2025-08-14) โ†—
Evidence โ€” inputs and thresholds
{
  "etr_by_year": {
    "2025-06-27": -0.454
  },
  "statutory_rate": 0.21,
  "gap_by_year": {
    "2025-06-27": 0.664
  },
  "note": "Low ETR can be fully legitimate; this flags persistence + magnitude for review.",
  "stale": false,
  "latest_filing_period": "2025-06-27",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/106040/000010604025000038/0000106040-25-000038-index.htm",
    "form": "10-K",
    "filed": "2025-08-14"
  }
}
P-12 ยท FY 2025-06-27 ยท ELEVATED34.7

Restatement predictor

F-Score 1.04 โ€” misstatement risk 1.0x the base rate
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2025-08-14) โ†—
Evidence โ€” inputs and thresholds
{
  "f_score": 1.041,
  "probability": 0.00385,
  "components": {
    "rsst": 0.0104,
    "drec": 0.0134,
    "dinv": -0.005,
    "soft": 0.6817,
    "dcs": 0.4667,
    "droa": 0.1679,
    "issue": 1
  },
  "model": "Dechow et al. 2011, Model 1 (simplified RSST)",
  "thresholds": {
    "elevated": 1,
    "triggered": 1.85
  },
  "stale": false,
  "latest_filing_period": "2025-06-27",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/106040/000010604025000038/0000106040-25-000038-index.htm",
    "form": "10-K",
    "filed": "2025-08-14"
  }
}
P-13 ยท FY 2023-06-30 ยท ELEVATED70.0

Zombie / distress

[FY2023 data, stale โ€” no more recent EBIT figure in XBRL] Interest coverage -1.76x below 1.0
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2025-08-14) โ†—
Evidence โ€” inputs and thresholds
{
  "icr_by_year": {
    "2025-06-27": null,
    "2024-06-28": null,
    "2023-06-30": -1.756,
    "2022-07-01": 7.865
  },
  "consecutive_years_below_1": 1,
  "altman_z_double_prime": 2.417,
  "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": -548000000,
    "interest_expense_t": 312000000
  },
  "stale": true,
  "latest_filing_period": "2025-06-27",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/106040/000010604025000038/0000106040-25-000038-index.htm",
    "form": "10-K",
    "filed": "2025-08-14"
  }
}
P-01 ยท FY 2025-06-27 ยท CLEAN30.5

Earnings quality

Beneish M-Score -2.45 โ€” no manipulation profile
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2025-08-14) โ†—
Evidence โ€” inputs and thresholds
{
  "m_score": -2.449,
  "threshold": -1.78,
  "ratios": {
    "DSRI": 0.801,
    "GMI": 0.724,
    "AQI": 0.728,
    "SGI": 1.507,
    "DEPI": 1.028,
    "SGAI": 0.519,
    "LVGI": 1.16,
    "TATA": -0.003
  },
  "defaulted_to_neutral": [],
  "sloan_accruals": 0.0104,
  "inputs": {
    "revenue_t": 9520000000,
    "revenue_t1": 6317000000,
    "total_assets_t": 14002000000,
    "net_income_t": 1889000000,
    "cfo_t": 1691000000
  },
  "stale": false,
  "latest_filing_period": "2025-06-27",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/106040/000010604025000038/0000106040-25-000038-index.htm",
    "form": "10-K",
    "filed": "2025-08-14"
  }
}