KATY INDUSTRIES INC

CIK 0000054681

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Financial snapshot

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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 2013-12-31

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

[FY2013 data, stale — no more recent pension disclosure in XBRL] DB plan 74% funded — -$0M deficit

Trend: flat

P-07 inputs
Input	Value
model score (0–100)	53.0
benefit_obligation	1454000
plan_assets	1069000
funded_ratio	0.7352
deficit	-353000
deficit_vs_equity	null
thresholds.elevated	<90% funded
thresholds.triggered	<80% funded or deficit >25% of equity
stale	true
latest_filing_period	2015-12-31

Trend

10-K· 2015-03-30 Methodology

Effective tax rate

P-05 · Calculated

Elevated

FY 2014-12-31

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

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.2014-12-31	-11.0631
statutory_rate	0.21
gap_by_year.2014-12-31	11.2731
note	Low ETR can be fully legitimate; this flags persistence + magnitude for review.
stale	false
latest_filing_period	2015-12-31

Trend

10-K· 2016-03-30 Methodology

Interest coverage

P-13 · Calculated

Elevated

FY 2015-12-31

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)	80.6
icr_by_year.2015-12-31	-1.023
icr_by_year.2014-12-31	1.05
icr_by_year.2013-12-31	-1.249
icr_by_year.2012-12-31	-6.716
consecutive_years_below_1	1
altman_z_double_prime	-7.427
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	-4142000
inputs.interest_expense_t	4047000
stale	false
latest_filing_period	2015-12-31

Trend

10-K· 2016-03-30 Methodology

Earnings quality

P-01 · Calculated

Below threshold

FY 2015-12-31

Beneish M-Score -2.66 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)	23.9
m_score	-2.663
threshold	-1.78
ratios.DSRI	1.126
ratios.GMI	0.86
ratios.AQI	2.245
ratios.SGI	1
ratios.DEPI	0.977
ratios.SGAI	1.011
ratios.LVGI	1.042
ratios.TATA	-0.152
defaulted_to_neutral
sloan_accruals	-0.1942
inputs.revenue_t	200000
inputs.revenue_t1	200000
inputs.total_assets_t	81606000
inputs.net_income_t	-7960000
inputs.cfo_t	4422000
stale	false
latest_filing_period	2015-12-31

Trend

10-K· 2016-03-30 Methodology

Restatement indicators

P-12 · Calculated

Outside model range

FY 2015-12-31

F-Score 0.49: outside the range in which the model is defined

Calculated, not presented as a result

The calculation is outside what this model can support: a model input is outside its defined range (cash sales are negative).

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

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

P-12 inputs
Input	Value
f_score	0.49
probability	0.00181
components.rsst	-0.1942
components.drec	0.0215
components.dinv	0.0531
components.soft	0.8183
components.dcs	-6.855
components.droa	-0.1517
components.issue	1
model	Dechow et al. 2011, Model 1 (simplified RSST)
thresholds.elevated	1
thresholds.triggered	1.85
stale	false
latest_filing_period	2015-12-31
raw_result.score	16.3
raw_result.level	0
raw_result.headline	F-Score 0.49 — at or below the population base rate
validity.status	OUT_OF_RANGE
validity.reason	a model input is outside its defined range (cash sales are negative)

Trend

10-K· 2016-03-30 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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