COHERENT, INC.

CIK 0000021510

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Financial snapshot

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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.

Pension funding

P-07 · Calculated

Threshold met

FY 2021-10-02

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

DB plan 22% funded — -$47M deficit (5% of equity)

Trend: flat

P-07 inputs
Input	Value
model score (0–100)	75.4
benefit_obligation	60333000
plan_assets	13413000
funded_ratio	0.2223
deficit	-46920000
deficit_vs_equity	0.054
thresholds.elevated	<90% funded
thresholds.triggered	<80% funded or deficit >25% of equity
stale	false
latest_filing_period	2021-10-02

Trend

10-K· 2021-11-30 Methodology

Interest coverage

P-13 · Calculated

Elevated

FY 2021-10-02

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

EBIT is negative: operating earnings do not cover interest expense

Trend: flat

P-13 inputs
Input	Value
model score (0–100)	80.0
icr_by_year.2021-10-02	-5.438
icr_by_year.2020-10-03	-25.25
icr_by_year.2019-09-28	4.346
icr_by_year.2018-09-29	15.206
consecutive_years_below_1	2
altman_z_double_prime	4.849
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	-98213000
inputs.interest_expense_t	18059000
stale	false
latest_filing_period	2021-10-02

Trend

10-K· 2021-11-30 Methodology

Earnings quality

P-01 · Calculated

Below threshold

FY 2021-10-02

Beneish M-Score -2.87 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)	17.9
m_score	-2.873
threshold	-1.78
ratios.DSRI	0.935
ratios.GMI	0.874
ratios.AQI	1.064
ratios.SGI	1.21
ratios.DEPI	1
ratios.SGAI	0.928
ratios.LVGI	1.145
ratios.TATA	-0.095
defaulted_to_neutral	DEPI
sloan_accruals	-0.0967
inputs.revenue_t	1487468000
inputs.revenue_t1	1228999000
inputs.total_assets_t	1888930000
inputs.net_income_t	-106751000
inputs.cfo_t	72938000
stale	false
latest_filing_period	2021-10-02

Trend

10-K· 2021-11-30 Methodology

Effective tax rate

P-05 · Calculated

Below threshold

FY 2019-09-28

[FY2019 data, stale — no more recent pretax-income figure in XBRL] ETR 10.4% — 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)	52.5
etr_by_year.2019-09-28	0.1036
statutory_rate	0.21
gap_by_year.2019-09-28	0.1064
note	Low ETR can be fully legitimate; this flags persistence + magnitude for review.
stale	true
latest_filing_period	2021-10-02

Trend

10-K· 2021-11-30 Methodology

Restatement indicators

P-12 · Calculated

Below threshold

FY 2021-10-02

F-Score 0.76 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)	25.5
f_score	0.764
probability	0.00283
components.rsst	-0.0967
components.drec	0.0157
components.dinv	-0.0186
components.soft	0.5981
components.dcs	0.1866
components.droa	0.1701
components.issue	1
model	Dechow et al. 2011, Model 1 (simplified RSST)
thresholds.elevated	1
thresholds.triggered	1.85
stale	false
latest_filing_period	2021-10-02

Trend

10-K· 2021-11-30 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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