Legend Oil & Gas, Ltd.
Energy · Drilling Oil & Gas Wells · CO · SEC filings ↗ · Compare ⊕
Financials
SEC XBRL · annual| FY16 | FY15 | FY14 | FY13 | FY12 | FY11 | |
|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — |
| Operating income | −$5.2M | −$3.8M | −$3.5M | −$2.6M | −$5.2M | −$4.6M |
| Net income | −$7.1M | −$15.1M | −$2.4M | −$12.3M | −$9.3M | −$6.0M |
| Total assets | $3.7M | $5.0M | $5.0M | $4.2M | $14.1M | $17.4M |
| Total liabilities | $10.2M | $5.2M | $8.5M | $7.0M | $6.7M | $8.4M |
| Equity | −$6.4M | −$211,207 | −$3.6M | −$2.8M | −$40.7M | $1.4M |
| EPS (diluted) | — | — | — | — | — | — |
| Shares out. | 942.7M | 936.1M | 96.3M | 78.2M | 50.6M | 50.6M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2016- Operating margin
- —
- Net margin
- —
- Return on equity
- 110.1%
- Return on assets
- −190.3%
- Return on capital (ROCE)
- −246.5%
- Liabilities / assets
- 272.8%
- Debt / equity
- —
- Book value / share
- $-0.01
- 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 · FY2016- Altman Z″ (distress)
- -57.03distress
- Accruals / assets
- −103.8%clean
- Piotroski F-Score
- 3/7weak
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.
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-Qmissed a reporting deadline ↗May 17, 2016
- NT 10-Kmissed a reporting deadline ↗Mar 30, 2016
- NT 10-Qmissed a reporting deadline ↗Nov 16, 2015
- NT 10-Qmissed a reporting deadline ↗Aug 17, 2015
- NT 10-Qmissed a reporting deadline ↗May 14, 2015
- NT 10-Kmissed a reporting deadline ↗Mar 31, 2015
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- Other material eventApr 5, 2017
- Entered a material agreement · New financial obligation · Unregistered equity saleApr 4, 2017
- Entered a material agreement · New financial obligation · Unregistered equity saleJan 27, 2017
- Entered a material agreement · New financial obligation · Unregistered equity sale · Director / officer change · Amended charter or bylawsJan 5, 2017
- Entered a material agreement · New financial obligation · Unregistered equity saleDec 21, 2016
- Entered a material agreement · New financial obligation · Unregistered equity saleDec 2, 2016
- Director / officer changeDec 1, 2016
- Entered a material agreement · New financial obligation · Unregistered equity saleNov 2, 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 ↗- 15-12GTERMINATION OF REGISTRATION UNDER SECTION 12(G)May 11, 2017
- 8-KCURRENT REPORTApr 5, 2017
- 8-KCURRENT REPORTApr 4, 2017
- 4/AFORM 4/AApr 4, 2017
- SC 13D/AApr 4, 2017
- 10-KANNUAL REPORTMar 31, 2017
- DEF 14CDEFINITIVE INFORMATION STATEMENTMar 29, 2017
- 8-KCURRENT REPORTJan 27, 2017
- 4/AFORM 4/AJan 27, 2017
- SC 13D/ASCHEDULE 13D/AJan 27, 2017
- SC 13D/AJan 11, 2017
- 4/AFORM 4/AJan 11, 2017
- 3FORM 3Jan 11, 2017
- 8-KCURRENT REPORTJan 5, 2017
- 8-KCURRENT REPORTDec 21, 2016
Event-driven situations (1)
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