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HKIT

HITEK GLOBAL INC.
CIK 0001742341 ยท EDGAR โ†—
cleanelevatedtriggeredno dataplanned
90.0
composite ยท 4 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-01 ยท FY 2025-12-31 ยท TRIGGERED100.0

Earnings quality

Beneish M-Score 0.06 exceeds the -1.78 manipulation threshold
trend: flat
Trend
Source: 20-F on SEC.gov (filed 2026-04-24) โ†—
Evidence โ€” inputs and thresholds
{
  "m_score": 0.061,
  "threshold": -1.78,
  "ratios": {
    "DSRI": 1.734,
    "GMI": 3.278,
    "AQI": 0.194,
    "SGI": 2.25,
    "DEPI": 0.676,
    "SGAI": 1,
    "LVGI": 1.85,
    "TATA": 0.04
  },
  "defaulted_to_neutral": [
    "SGAI"
  ],
  "sloan_accruals": 0.0408,
  "inputs": {
    "revenue_t": 6536184,
    "revenue_t1": 2904950,
    "total_assets_t": 42581032,
    "net_income_t": 180142,
    "cfo_t": -1535849
  },
  "stale": false,
  "latest_filing_period": "2025-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1742341/000121390026047560/0001213900-26-047560-index.htm",
    "form": "20-F",
    "filed": "2026-04-24"
  }
}
P-05 ยท FY 2025-12-31 ยท ELEVATED100.0

Tax arbitrage

ETR -40.0% vs 21% statutory โ€” gap persistent across 1 of 2 years
trend: flat
Trend
Source: 20-F on SEC.gov (filed 2026-04-24) โ†—
Evidence โ€” inputs and thresholds
{
  "etr_by_year": {
    "2025-12-31": -0.3996,
    "2023-12-31": 0.343
  },
  "statutory_rate": 0.21,
  "gap_by_year": {
    "2025-12-31": 0.6096,
    "2023-12-31": -0.133
  },
  "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/1742341/000121390026047560/0001213900-26-047560-index.htm",
    "form": "20-F",
    "filed": "2026-04-24"
  }
}
P-13 ยท FY 2023-12-31 ยท ELEVATED27.0

Zombie / distress

[FY2023 data, stale โ€” no more recent EBIT figure in XBRL] Interest coverage 0.32x below 1.0
trend: flat
Trend
Source: 20-F on SEC.gov (filed 2026-04-24) โ†—
Evidence โ€” inputs and thresholds
{
  "icr_by_year": {
    "2025-12-31": null,
    "2024-12-31": null,
    "2023-12-31": 0.322,
    "2022-12-31": 5.702
  },
  "consecutive_years_below_1": 1,
  "altman_z_double_prime": 9.229,
  "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": 101061,
    "interest_expense_t": 313861
  },
  "stale": true,
  "latest_filing_period": "2025-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1742341/000121390026047560/0001213900-26-047560-index.htm",
    "form": "20-F",
    "filed": "2026-04-24"
  }
}
P-12 ยท FY 2025-12-31 ยท CLEAN25.1

Restatement predictor

F-Score 0.75 โ€” at or below the population base rate
trend: flat
Trend
Source: 20-F on SEC.gov (filed 2026-04-24) โ†—
Evidence โ€” inputs and thresholds
{
  "f_score": 0.753,
  "probability": 0.00279,
  "components": {
    "rsst": 0.0408,
    "drec": 0.0956,
    "dinv": -0.0018,
    "soft": 0.904,
    "dcs": -0.1346,
    "droa": 0.0258,
    "issue": 0
  },
  "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/1742341/000121390026047560/0001213900-26-047560-index.htm",
    "form": "20-F",
    "filed": "2026-04-24"
  }
}