CHANGDA INTERNATIONAL HOLDINGS, INC.

CIK 0001417624

Analytics Research this company

Financial snapshot

Revenue

Net income

Operating margin

Free cash flow

Total debt

Cash

Research

Filings

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Analytical signals

How signals work →

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.

Earnings quality

P-01 · Calculated

Below threshold

FY 2011-12-31

Beneish M-Score -2.58 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)	26.4
m_score	-2.576
threshold	-1.78
ratios.DSRI	0.967
ratios.GMI	1.177
ratios.AQI	0.792
ratios.SGI	1.03
ratios.DEPI	1.085
ratios.SGAI	1.056
ratios.LVGI	1.2
ratios.TATA	-0.008
defaulted_to_neutral
sloan_accruals	-0.0089
inputs.revenue_t	93218000
inputs.revenue_t1	90509000
inputs.total_assets_t	69637000
inputs.net_income_t	3880000
inputs.cfo_t	4431000
stale	false
latest_filing_period	2011-12-31

Trend

10-K· 2012-04-16 Methodology

Effective tax rate

P-05 · Calculated

Below threshold

FY 2011-12-31

ETR 35.8% — within normal range of statutory

Trend: flat

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

P-05 inputs
Input	Value
model score (0–100)	0.0
etr_by_year.2011-12-31	0.3581
etr_by_year.2010-12-31	0.2458
statutory_rate	0.21
gap_by_year.2011-12-31	-0.1481
gap_by_year.2010-12-31	-0.0358
note	Low ETR can be fully legitimate; this flags persistence + magnitude for review.
stale	false
latest_filing_period	2011-12-31

Trend

10-K· 2012-04-16 Methodology

Interest coverage

P-13 · Calculated

Below threshold

FY 2011-12-31

Interest coverage 7.94x, at or above 1.0x

Trend: flat

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

P-13 inputs
Input	Value
model score (0–100)	0.0
icr_by_year.2011-12-31	7.941
icr_by_year.2010-12-31	15.787
consecutive_years_below_1	0
altman_z_double_prime	4.87
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	6956000
inputs.interest_expense_t	876000
stale	false
latest_filing_period	2011-12-31

Trend

10-K· 2012-04-16 Methodology

Restatement indicators

P-12 · Calculated

Below threshold

FY 2011-12-31

F-Score 0.79 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)	26.4
f_score	0.792
probability	0.00293
components.rsst	-0.0089
components.drec	-0.0011
components.dinv	0.0332
components.soft	0.4764
components.dcs	0.0307
components.droa	-0.061
components.issue	1
model	Dechow et al. 2011, Model 1 (simplified RSST)
thresholds.elevated	1
thresholds.triggered	1.85
stale	false
latest_filing_period	2011-12-31

Trend

10-K· 2012-04-16 Methodology

No stored result for Subsidiary jurisdictions, ESG disclosure support, Pension funding, 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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