CIK 1549848

Hi-Crush Inc.

CIK 0001549848 · EDGAR ↗

cleanelevatedtriggeredno dataplanned

79.5

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-05 · FY 2018-12-31 · ELEVATED100.0

Tax arbitrage

ETR 0.0% vs 21% statutory — gap persistent across 2 of 2 years

trend: flat

Trend

Source: 10-K on SEC.gov (filed 2020-02-20) ↗

Evidence — inputs and thresholds

{
  "etr_by_year": {
    "2018-12-31": 0,
    "2017-12-31": 0
  },
  "statutory_rate": 0.21,
  "gap_by_year": {
    "2018-12-31": 0.21,
    "2017-12-31": 0.21
  },
  "note": "Low ETR can be fully legitimate; this flags persistence + magnitude for review.",
  "stale": false,
  "latest_filing_period": "2019-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1549848/000154984820000017/0001549848-20-000017-index.htm",
    "form": "10-K",
    "filed": "2020-02-20"
  }
}

P-13 · FY 2019-12-31 · ELEVATED90.0

Zombie / distress

Interest coverage -7.58x below 1.0

trend: flat

Trend

Source: 10-K on SEC.gov (filed 2020-02-20) ↗

Evidence — inputs and thresholds

{
  "icr_by_year": {
    "2019-12-31": -7.576,
    "2018-12-31": 6.47,
    "2017-12-31": 7.2,
    "2016-12-31": -3.461
  },
  "consecutive_years_below_1": 1,
  "altman_z_double_prime": -2.379,
  "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": -346785000,
    "interest_expense_t": 45774000
  },
  "stale": false,
  "latest_filing_period": "2019-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1549848/000154984820000017/0001549848-20-000017-index.htm",
    "form": "10-K",
    "filed": "2020-02-20"
  }
}

P-01 · FY 2019-12-31 · CLEAN0.0

Earnings quality

Beneish M-Score -4.61 — no manipulation profile

trend: flat

Trend

Source: 10-K on SEC.gov (filed 2020-02-20) ↗

Evidence — inputs and thresholds

{
  "m_score": -4.609,
  "threshold": -1.78,
  "ratios": {
    "DSRI": 0.942,
    "GMI": 1,
    "AQI": 1.335,
    "SGI": 0.755,
    "DEPI": 0.588,
    "SGAI": 1,
    "LVGI": 1.235,
    "TATA": -0.399
  },
  "defaulted_to_neutral": [
    "GMI",
    "SGAI"
  ],
  "sloan_accruals": -0.3485,
  "inputs": {
    "revenue_t": 636370000,
    "revenue_t1": 842840000,
    "total_assets_t": 1111137000,
    "net_income_t": -413559000,
    "cfo_t": 29878000
  },
  "stale": false,
  "latest_filing_period": "2019-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1549848/000154984820000017/0001549848-20-000017-index.htm",
    "form": "10-K",
    "filed": "2020-02-20"
  }
}

P-12 · FY 2019-12-31 · CLEAN5.5

Restatement predictor

F-Score 0.16 — at or below the population base rate

trend: flat

Trend

Source: 10-K on SEC.gov (filed 2020-02-20) ↗

Evidence — inputs and thresholds

{
  "f_score": 0.164,
  "probability": 0.00061,
  "components": {
    "rsst": -0.3485,
    "drec": -0.023,
    "dinv": -0.0135,
    "soft": 0.2184,
    "dcs": -0.2103,
    "droa": -0.4682,
    "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/1549848/000154984820000017/0001549848-20-000017-index.htm",
    "form": "10-K",
    "filed": "2020-02-20"
  }
}