Cardinal Ethanol LLC
CRDEMaterials · Industrial Organic Chemicals · IN · SEC filings ↗ · Compare ⊕
View price & chart on Yahoo Finance ↗Financials
SEC XBRL · annual| FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | |
|---|---|---|---|---|---|---|
| Revenue | $425.6M | $451.8M | $328.4M | $211.7M | $222.2M | $50.1M |
| Operating income | $66.7M | $78.3M | $27.4M | −$6.1M | $1.3M | −$2.6M |
| Net income | $69.8M | $85.7M | $27.1M | −$6.2M | $1.6M | −$2.7M |
| Total assets | $232.8M | $189.0M | $151.9M | $129.7M | $137.6M | $144.6M |
| Total liabilities | — | — | — | — | — | — |
| Equity | $172.5M | $147.3M | $124.7M | $108.9M | $112.3M | $120.3M |
| EPS (diluted) | $4780.00 | $5868.00 | $1856.00 | $-424.00 | $112.00 | $-183.00 |
| Shares out. | 14,606 | 14,606 | 14,606 | 14,606 | 14,606 | 14,606 |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2023- Operating margin
- 15.7%
- Net margin
- 16.4%
- Return on equity
- 40.5%
- Return on assets
- 30.0%
- Return on capital (ROCE)
- 32.6%
- Liabilities / assets
- —
- Debt / equity
- —
- Book value / share
- $11812.48
- Revenue growth (YoY)
- −5.8%
- Net income growth (YoY)
- −18.5%
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 · FY2023- Accruals / assets
- −5.8%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 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
● 1 severe● 1 warning● 4 good- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Revenue declined year-over-year
- Operating margin is positive
- Strong return on equity (>15%)
- Positive 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- NT 10-Qmissed a reporting deadline ↗May 15, 2009
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.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| Chronister Thomas CDirector | Oct 1, 2024 | Buy | 4 | $17400.00 |
| Baker Robert NathanDirector | Oct 1, 2024 | Buy | 5 | $17200.00 |
| Roch Lewis M IiiDirector | Oct 1, 2024 | Buy | 100 | $17500.00 |
| Dersch David Matthew JrDirector | Sep 1, 2024 | Gift | 11 | $0.00 |
| Baker Robert NathanDirector | Apr 1, 2024 | Buy | 7 | $19500.00 |
| Baker Robert NathanDirector | Feb 1, 2024 | Buy | 10 | $21000.00 |
| Forsythe Gerald RDirector | Feb 1, 2024 | Buy | 20 | $21000.00 |
| Herlyn Jeremey JayOfficer — Plant Manager | Feb 1, 2024 | Sell | 10 | $21000.00 |
| Dersch David Matthew JrDirector | Jan 1, 2024 | Gift | 68 | $0.00 |
| Davis Robert JohnDirector | Jan 1, 2024 | Buy | 4 | $16500.00 |
| Baker Robert NathanDirector | Feb 1, 2023 | Buy | 42 | $15000.00 |
Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.
Material events
SEC Form 8-K · most recent- Shareholder voteOct 1, 2024
- Regulation FD disclosureSep 23, 2024
- Entered a material agreementSep 12, 2024
- Other material eventAug 21, 2024
- Entered a material agreementJul 25, 2024
- Entered a material agreement · New financial obligationJun 26, 2024
- Regulation FD disclosureMay 31, 2024
- Other material eventMay 22, 2024
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 ↗- 3PRIMARY DOCUMENTOct 23, 2024
- SC 13D/AOct 10, 2024
- 4PRIMARY DOCUMENTOct 3, 2024
- 15-12GOct 3, 2024
- SC 13E3/AOct 3, 2024
- 4PRIMARY DOCUMENTOct 1, 2024
- 4PRIMARY DOCUMENTOct 1, 2024
- 8-KOct 1, 2024
- 8-KSep 23, 2024
- 8-KSep 12, 2024
- 4PRIMARY DOCUMENTSep 6, 2024
- 8-KAug 21, 2024
- 10-QAug 13, 2024
- DEFA14AAug 2, 2024
- SC 13E3/AAug 1, 2024