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DAR

DARLING INGREDIENTS INC.
CIK 0000916540 ยท EDGAR โ†—
cleanelevatedtriggeredno dataplanned
76.9
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-05 ยท FY 2026-01-03 ยท TRIGGERED100.0

Tax arbitrage

ETR -15.3% vs 21% statutory โ€” gap persistent across 3 of 3 years
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2026-03-03) โ†—
Evidence โ€” inputs and thresholds
{
  "etr_by_year": {
    "2026-01-03": -0.1534,
    "2024-12-28": -0.1549,
    "2023-12-30": 0.0827
  },
  "statutory_rate": 0.21,
  "gap_by_year": {
    "2026-01-03": 0.3634,
    "2024-12-28": 0.3649,
    "2023-12-30": 0.1273
  },
  "note": "Low ETR can be fully legitimate; this flags persistence + magnitude for review.",
  "stale": false,
  "latest_filing_period": "2026-01-03",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/916540/000091654026000008/0000916540-26-000008-index.htm",
    "form": "10-K",
    "filed": "2026-03-03"
  }
}
P-12 ยท FY 2026-01-03 ยท ELEVATED37.0

Restatement predictor

F-Score 1.11 โ€” misstatement risk 1.1x the base rate
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2026-03-03) โ†—
Evidence โ€” inputs and thresholds
{
  "f_score": 1.111,
  "probability": 0.00411,
  "components": {
    "rsst": -0.0979,
    "drec": null,
    "dinv": -0.0048,
    "soft": 0.7199,
    "dcs": 0.0736,
    "droa": -0.0216,
    "issue": 1
  },
  "model": "Dechow et al. 2011, Model 1 (simplified RSST)",
  "thresholds": {
    "elevated": 1,
    "triggered": 1.85
  },
  "stale": false,
  "latest_filing_period": "2026-01-03",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/916540/000091654026000008/0000916540-26-000008-index.htm",
    "form": "10-K",
    "filed": "2026-03-03"
  }
}
P-01 ยท FY 2026-01-03 ยท CLEAN16.9

Earnings quality

Beneish M-Score -2.91 โ€” no manipulation profile
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2026-03-03) โ†—
Evidence โ€” inputs and thresholds
{
  "m_score": -2.908,
  "threshold": -1.78,
  "ratios": {
    "DSRI": 1,
    "GMI": 0.931,
    "AQI": 0.983,
    "SGI": 1.074,
    "DEPI": 1,
    "SGAI": 1.043,
    "LVGI": 0.97,
    "TATA": -0.097
  },
  "defaulted_to_neutral": [
    "DSRI"
  ],
  "sloan_accruals": -0.0979,
  "inputs": {
    "revenue_t": 6135877000,
    "revenue_t1": 5715175000,
    "total_assets_t": 10298782000,
    "net_income_t": 62804000,
    "cfo_t": 1059719000
  },
  "stale": false,
  "latest_filing_period": "2026-01-03",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/916540/000091654026000008/0000916540-26-000008-index.htm",
    "form": "10-K",
    "filed": "2026-03-03"
  }
}
P-07 ยท FY 2026-01-03 ยท CLEAN14.9

Pension underfunding

DB plan 93% funded
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2026-03-03) โ†—
Evidence โ€” inputs and thresholds
{
  "benefit_obligation": 137887000,
  "plan_assets": 127740000,
  "funded_ratio": 0.9264,
  "deficit": -10147000,
  "deficit_vs_equity": 0.0021,
  "thresholds": {
    "elevated": "<90% funded",
    "triggered": "<80% funded or deficit >25% of equity"
  },
  "stale": false,
  "latest_filing_period": "2026-01-03",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/916540/000091654026000008/0000916540-26-000008-index.htm",
    "form": "10-K",
    "filed": "2026-03-03"
  }
}
P-13 ยท FY 2023-12-30 ยท CLEAN0.0

Zombie / distress

[FY2023 data, stale โ€” no more recent EBIT figure in XBRL] Interest coverage 3.66x โ€” servicing debt from operations
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2026-03-03) โ†—
Evidence โ€” inputs and thresholds
{
  "icr_by_year": {
    "2026-01-03": null,
    "2024-12-28": null,
    "2023-12-30": 3.664,
    "2022-12-31": 8.195
  },
  "consecutive_years_below_1": 0,
  "altman_z_double_prime": 2.945,
  "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": 949726000,
    "interest_expense_t": 259223000
  },
  "stale": true,
  "latest_filing_period": "2026-01-03",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/916540/000091654026000008/0000916540-26-000008-index.htm",
    "form": "10-K",
    "filed": "2026-03-03"
  }
}