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BDMDW

Baird Medical Investment Holdings Limited
CIK 0001982444 ยท EDGAR โ†—
cleanelevatedtriggeredno dataplanned
73.4
composite ยท 4 signals ยท ELEVATED

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-12 ยท FY 2025-12-31 ยท ELEVATED58.8

Restatement predictor

F-Score 1.77 โ€” misstatement risk 1.8x the base rate
trend: flat
Trend
Source: 20-F/A on SEC.gov (filed 2026-07-27) โ†—
Evidence โ€” inputs and thresholds
{
  "f_score": 1.765,
  "probability": 0.00653,
  "components": {
    "rsst": -0.3513,
    "drec": -0.0548,
    "dinv": -0.0029,
    "soft": 0.906,
    "dcs": -0.2822,
    "droa": -0.5511,
    "issue": 1
  },
  "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/1982444/000110465926087081/0001104659-26-087081-index.htm",
    "form": "20-F/A",
    "filed": "2026-07-27"
  }
}
P-13 ยท FY 2025-12-31 ยท ELEVATED90.0

Zombie / distress

Interest coverage -72.33x below 1.0
trend: flat
Trend
Source: 20-F/A on SEC.gov (filed 2026-07-27) โ†—
Evidence โ€” inputs and thresholds
{
  "icr_by_year": {
    "2025-12-31": -72.334,
    "2024-12-31": 39.409,
    "2023-12-31": 52.043,
    "2022-12-31": 55.905
  },
  "consecutive_years_below_1": 1,
  "altman_z_double_prime": 0.488,
  "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": -25630805,
    "interest_expense_t": 354341
  },
  "stale": false,
  "latest_filing_period": "2025-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1982444/000110465926087081/0001104659-26-087081-index.htm",
    "form": "20-F/A",
    "filed": "2026-07-27"
  }
}
P-01 ยท FY 2025-12-31 ยท CLEAN0.0

Earnings quality

Beneish M-Score -4.13 โ€” no manipulation profile
trend: flat
Trend
Source: 20-F/A on SEC.gov (filed 2026-07-27) โ†—
Evidence โ€” inputs and thresholds
{
  "m_score": -4.135,
  "threshold": -1.78,
  "ratios": {
    "DSRI": 1.501,
    "GMI": 1.052,
    "AQI": 0.994,
    "SGI": 0.608,
    "DEPI": 0.932,
    "SGAI": 1,
    "LVGI": 1.13,
    "TATA": -0.372
  },
  "defaulted_to_neutral": [
    "SGAI"
  ],
  "sloan_accruals": -0.3513,
  "inputs": {
    "revenue_t": 22537016,
    "revenue_t1": 37037108,
    "total_assets_t": 69701015,
    "net_income_t": -27278005,
    "cfo_t": -1344032
  },
  "stale": false,
  "latest_filing_period": "2025-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1982444/000110465926087081/0001104659-26-087081-index.htm",
    "form": "20-F/A",
    "filed": "2026-07-27"
  }
}
P-05 ยท FY 2024-12-31 ยท CLEAN45.3

Tax arbitrage

ETR 10.6% โ€” within normal range of statutory
trend: flat
Trend
Source: 20-F/A on SEC.gov (filed 2026-07-27) โ†—
Evidence โ€” inputs and thresholds
{
  "etr_by_year": {
    "2024-12-31": 0.1057,
    "2023-12-31": 0.1376
  },
  "statutory_rate": 0.21,
  "gap_by_year": {
    "2024-12-31": 0.1043,
    "2023-12-31": 0.0724
  },
  "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/1982444/000110465926087081/0001104659-26-087081-index.htm",
    "form": "20-F/A",
    "filed": "2026-07-27"
  }
}