Event-Driven Stocks

PREAXIA HEALTH CARE PAYMENT SYSTEMS INC.

Consumer Discretionary · Retail-Home Furniture, Furnishings & Equipment Stores · NV · SEC filings ↗ · Compare ⊕

Signs● 1 good● 2 warning● 3 severedetails ↓

Financials

SEC XBRL · annual
 FY24FY23FY22FY21FY20FY19
Revenue$0$0$368$411$0—
Operating income−$99,449−$156,266−$180,643−$163,193−$171,666−$197,799
Net income−$99,449−$156,266−$180,643−$163,193−$171,666−$197,799
Total assets$14$6$259$40$46$17,939
Total liabilities$2.4M$2.3M$2.1M$2.0M$1.8M$1.7M
Equity−$2.4M−$2.3M−$2.1M−$2.0M−$1.8M−$1.7M
EPS (diluted)$-0.01$-0.01$-0.01———
Shares out.19.8M19.8M19.8M19.8M19.8M19.7M

Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.

Key ratios

from filings · FY2024
Operating margin
—
Net margin
—
Return on equity
4.2%
Return on assets
−710350.0%
Return on capital (ROCE)
—
Liabilities / assets
17115664.3%
Debt / equity
—
Book value / share
$-0.12
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 · FY2024
Altman Z″ (distress)
-2364697.50distress
Accruals / assets
−489721.4%clean
Piotroski F-Score
5/8mixed

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 Score
38
/ 100
Profitability 50Growth n/aCatalyst 33Earnings quality 67Financial strength 0

Our 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● 1 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
  • 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

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

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)