SARATOGA RESOURCES INC /TX
Energy · Oil & Gas Field Exploration Services · TX · SEC filings ↗ · Compare ⊕
Financials
SEC XBRL · annual| FY21 | FY20 | FY14 | FY13 | FY12 | FY11 | |
|---|---|---|---|---|---|---|
| Revenue | — | — | $54.4M | $67.4M | $84.0M | $16.9M |
| Operating income | −$403,844 | −$310,465 | −$119.5M | $3.7M | $12.3M | $25.3M |
| Net income | −$528,636 | −$410,257 | −$143.9M | −$26.4M | −$3.7M | $358,237 |
| Total assets | $5,689 | $25 | $111.9M | $248.4M | $254.7M | $197.8M |
| Total liabilities | $2.0M | $1.7M | — | — | — | — |
| Equity | −$2.0M | −$1.7M | −$106.1M | $37.3M | $62.5M | $41.9M |
| EPS (diluted) | $-0.01 | $-0.01 | $-4.65 | $-0.85 | $-0.13 | $0.02 |
| Shares out. | 36.7M | 31.0M | 30.9M | 30.9M | 27.3M | 26.7M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2021- Operating margin
- —
- Net margin
- —
- Return on equity
- 26.5%
- Return on assets
- −9292.2%
- Return on capital (ROCE)
- —
- Liabilities / assets
- 35187.3%
- Debt / equity
- —
- Book value / share
- $-0.05
- Revenue growth (YoY)
- —
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2021- Altman Z″ (distress)
- -49269.92distress
- Accruals / assets
- −7282.5%clean
- Piotroski F-Score
- 4/7mixed
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast. What these scores mean →
Signs
● 3 severe● 2 warning● 2 good- Negative shareholder equity
- Altman Z″ in the distress zone
- Filed a late-filing notice (Form NT) — missed an SEC deadline
- High leverage (liabilities > 70% of assets)
- Negative operating cash flow
- Strong return on equity (>15%)
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Kmissed a reporting deadline ↗Mar 31, 2022
- NT 10-Qmissed a reporting deadline ↗Aug 14, 2015
- NT 10-Qmissed a reporting deadline ↗May 18, 2015
- NT 10-Kmissed a reporting deadline ↗Apr 1, 2015
- NT 10-Kmissed a reporting deadline ↗Mar 18, 2013
- NT 10-Kmissed a reporting deadline ↗Mar 31, 2010
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
Material events
SEC Form 8-K · most recent- Director / officer change · Other material eventMar 6, 2023
- Changed auditorAug 30, 2022
- Item 5.06Dec 30, 2021
- Director / officer changeJan 30, 2017
- Director / officer change · Regulation FD disclosureJan 23, 2017
- Bankruptcy or receivership · Modified shareholder rights · Director / officer changeNov 3, 2016
- Other material eventJul 26, 2016
- Other material eventJun 21, 2016
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗Event-driven situations (1)
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