CIK 1434842

FORBES ENERGY SERVICES LTD.

CIK 0001434842 · EDGAR ↗

cleanelevatedtriggeredno dataplanned

77.0

composite · 3 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 2019-12-31 · TRIGGERED100.0

Zombie / distress

Zombie: interest coverage below 1.0x for 4 consecutive years

trend: flat

Trend

Source: 10-K on SEC.gov (filed 2020-03-23) ↗

Evidence — inputs and thresholds

{
  "icr_by_year": {
    "2019-12-31": -1.774,
    "2018-12-31": -1.959,
    "2016-12-31": -2.909,
    "2015-12-31": -1.249
  },
  "consecutive_years_below_1": 4,
  "altman_z_double_prime": -5.414,
  "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": -43866000,
    "interest_expense_t": 24726000
  },
  "stale": false,
  "latest_filing_period": "2019-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1434842/000143484220000003/0001434842-20-000003-index.htm",
    "form": "10-K",
    "filed": "2020-03-23"
  }
}

P-01 · FY 2019-12-31 · CLEAN9.8

Earnings quality

Beneish M-Score -3.16 — no manipulation profile

trend: flat

Trend

Source: 10-K on SEC.gov (filed 2020-03-23) ↗

Evidence — inputs and thresholds

{
  "m_score": -3.158,
  "threshold": -1.78,
  "ratios": {
    "DSRI": 0.518,
    "GMI": 1,
    "AQI": 5.315,
    "SGI": 1.042,
    "DEPI": 1,
    "SGAI": 1,
    "LVGI": 1.321,
    "TATA": -0.408
  },
  "defaulted_to_neutral": [
    "GMI",
    "DEPI",
    "SGAI"
  ],
  "sloan_accruals": -0.3478,
  "inputs": {
    "revenue_t": 188422000,
    "revenue_t1": 180898000,
    "total_assets_t": 190265000,
    "net_income_t": -68399000,
    "cfo_t": 9269000
  },
  "stale": false,
  "latest_filing_period": "2019-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1434842/000143484220000003/0001434842-20-000003-index.htm",
    "form": "10-K",
    "filed": "2020-03-23"
  }
}

P-12 · FY 2019-12-31 · CLEAN17.6

Restatement predictor

F-Score 0.53 — at or below the population base rate

trend: flat

Trend

Source: 10-K on SEC.gov (filed 2020-03-23) ↗

Evidence — inputs and thresholds

{
  "f_score": 0.527,
  "probability": 0.00195,
  "components": {
    "rsst": -0.3478,
    "drec": -0.0948,
    "dinv": null,
    "soft": 0.9725,
    "dcs": 0.1586,
    "droa": -0.2323,
    "issue": 0
  },
  "model": "Dechow et al. 2011, Model 1 (simplified RSST)",
  "thresholds": {
    "elevated": 1,
    "triggered": 1.85
  },
  "stale": false,
  "latest_filing_period": "2019-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1434842/000143484220000003/0001434842-20-000003-index.htm",
    "form": "10-K",
    "filed": "2020-03-23"
  }
}