JAMES RIVER COAL CO

CIK 0001297720

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Financial snapshot

Revenue

Net income

Operating margin

Free cash flow

Total debt

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Filings

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Analytical signals

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Calculations over this company’s filings, each compared with a stated threshold. They indicate where to read more closely; they are analytical evidence, not conclusions, and none implies wrongdoing.

Pension funding

P-07 · Calculated

Threshold met

FY 2012-12-31

The funded ratio of defined-benefit plans against shareholder equity.

DB plan 64% funded — -$35M deficit (14% of equity)

Trend: flat

P-07 inputs
Input	Value
model score (0–100)	83.9
benefit_obligation	98392000
plan_assets	63066000
funded_ratio	0.641
deficit	-35325000
deficit_vs_equity	0.1387
thresholds.elevated	<90% funded
thresholds.triggered	<80% funded or deficit >25% of equity
stale	false
latest_filing_period	2012-12-31

Trend

10-K· 2013-03-08 Methodology

Effective tax rate

P-05 · Calculated

Elevated

FY 2010-12-31

The gap between the effective and the statutory tax rate, and whether it persists across three years.

[FY2010 data, stale — no more recent pretax-income figure in XBRL] ETR outside 0-100% (a tax benefit, or tax above pretax income) vs 21% statutory — gap persistent across 1 of 1 years

Trend: flat

P-05 inputs
Input	Value
model score (0–100)	100.0
etr_by_year.2010-12-31	-0.4316
statutory_rate	0.21
gap_by_year.2010-12-31	0.6416
note	Low ETR can be fully legitimate; this flags persistence + magnitude for review.
stale	true
latest_filing_period	2012-12-31

Trend

10-K· 2013-03-08 Methodology

Earnings quality

P-01 · Calculated

Below threshold

FY 2012-12-31

Beneish M-Score -3.42 is below the reference levels used here

Trend: flat

How reported earnings relate to accruals and to changes in receivables, margins and asset quality.

P-01 inputs
Input	Value
model score (0–100)	2.2
m_score	-3.423
threshold	-1.78
ratios.DSRI	0.894
ratios.GMI	1
ratios.AQI	0.845
ratios.SGI	0.934
ratios.DEPI	0.801
ratios.SGAI	1.124
ratios.LVGI	1.043
ratios.TATA	-0.142
defaulted_to_neutral	GMI
sloan_accruals	-0.1314
inputs.revenue_t	1099609000
inputs.revenue_t1	1177655000
inputs.total_assets_t	1204121000
inputs.net_income_t	-138906000
inputs.cfo_t	32448000
stale	false
latest_filing_period	2012-12-31

Trend

10-K· 2013-03-08 Methodology

Interest coverage

P-13 · Calculated

Not comparable

FY 2012-12-31

Interest coverage: not a valid comparison for this company

Calculated, not presented as a result

The calculation is outside what this model can support: interest expense is zero or negative in a year the test counts (net interest income), so interest coverage is not defined for it.

The raw calculation is kept under Details for audit. It is not shown as a level, a score, a ranking or a multiple of a base rate.

Trend: flat

Whether operating earnings cover interest expense, and for how many consecutive years they did not.

P-13 inputs
Input	Value
icr_by_year.2012-12-31	2.116
icr_by_year.2011-12-31	-0.507
icr_by_year.2010-12-31	-2.802
icr_by_year.2009-12-31	4.155
consecutive_years_below_1	0
altman_z_double_prime	-0.156
definitions.zombie	ICR<1 for 3+ consecutive FYs (BIS 2018)
definitions.z_distress	<1.1 distress, 1.1-2.6 gray, >2.6 safe
inputs.ebit_t	-111441000
inputs.interest_expense_t	-52666000
stale	false
latest_filing_period	2012-12-31
raw_result.score	20
raw_result.level	1
raw_result.headline	Altman Z'' -0.16 in the distress zone
validity.status	NOT_COMPARABLE
validity.reason	interest expense is zero or negative in a year the test counts (net interest income), so interest coverage is not defined for it

Trend

10-K· 2013-03-08 Methodology

Restatement indicators

P-12 · Calculated

Below threshold

FY 2012-12-31

F-Score 0.13 is at or below the 1.0 reference level

Trend: flat

How closely reported accruals and financing patterns resemble those of companies that later restated.

P-12 inputs
Input	Value
model score (0–100)	4.4
f_score	0.133
probability	0.00049
components.rsst	-0.1314
components.drec	-0.0136
components.dinv	-0.0209
components.soft	0.184
components.dcs	-0.0512
components.droa	-0.0875
components.issue	0
model	Dechow et al. 2011, Model 1 (simplified RSST)
thresholds.elevated	1
thresholds.triggered	1.85
stale	false
latest_filing_period	2012-12-31

Trend

10-K· 2013-03-08 Methodology

No stored result for Subsidiary jurisdictions, ESG disclosure support, Insider filing timing, Language change, Strategic-review language, Carbon-exposed assets. Some signals are computed on request, and others need inputs this company’s filings do not tag; a missing result is not a finding either way.

Methodology and sources

Financial figures come from SEC XBRL company facts (annual reports). Choose any evidence marker to see the filing behind a value.
Filing text comes from SEC EDGAR. Browse this company on EDGAR ↗
Signals are calculated by Stratum from those filings. Some use AI to read filing text, and every AI claim must quote the document verbatim or it is discarded. Full methodology

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