Fortem Resources Inc.
Energy · Drilling Oil & Gas Wells · NV · SEC filings ↗ · Compare ⊕
Financials
SEC XBRL · annual| FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | |
|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — |
| Operating income | −$1.4M | −$1.4M | −$2.0M | −$493,657 | −$581,771 | −$665,516 |
| Net income | −$68.0M | −$1.5M | −$8.3M | −$2.7M | −$370,324 | −$355,479 |
| Total assets | $77.1M | $142.8M | $4.5M | $1.2M | $691,125 | $757,307 |
| Total liabilities | $20.1M | $18.0M | $1.8M | $3.0M | $1.3M | $1.1M |
| Equity | $57.0M | $124.8M | $2.8M | −$1.8M | −$617,003 | −$389,048 |
| EPS (diluted) | — | — | — | — | — | — |
| Shares out. | 122.6M | 122.6M | 117.9M | 37.5M | 30.0M | 29.9M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2020- Operating margin
- —
- Net margin
- —
- Return on equity
- −119.2%
- Return on assets
- −88.1%
- Return on capital (ROCE)
- −1.9%
- Liabilities / assets
- 26.1%
- Debt / equity
- 0.35×
- Book value / share
- $0.47
- 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 · FY2020- Altman Z″ (distress)
- -1.94distress
- Accruals / assets
- −87.0%clean
- Piotroski F-Score
- 2/7weak
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
● 2 severe● 1 warning● 2 good- Altman Z″ in the distress zone
- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Negative operating cash flow
- Conservative leverage (liabilities < 50% of assets)
- 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 ↗Jul 16, 2020
- NT 10-Kmissed a reporting deadline ↗Jul 14, 2020
- NT 10-Qmissed a reporting deadline ↗Jul 11, 2019
- NT 10-Kmissed a reporting deadline ↗May 15, 2019
- NT 10-Qmissed a reporting deadline ↗Jul 11, 2018
- NT 10-Qmissed a reporting deadline ↗Jan 17, 2018
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- Bankruptcy or receivership · Debt acceleration / triggering event · Delisting / listing-standard notice · Regulation FD disclosureOct 18, 2021
- Director / officer changeOct 19, 2020
- Other material eventMay 28, 2020
- Entered a material agreement · Other material eventMay 27, 2020
- Entered a material agreement · Other material eventSep 25, 2019
- Entered a material agreement · Other material eventSep 25, 2019
- Other material eventAug 12, 2019
- Other material eventJul 18, 2019
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 ↗- 8-KFORM 8KOct 18, 2021
- 8-KFORM 8-KOct 19, 2020
- 10-QJul 21, 2020
- 10-KJul 21, 2020
- NT 10-QJul 16, 2020
- NT 10-KJul 14, 2020
- 8-KFORM 8K MAY 28, 2020May 28, 2020
- 8-KMay 27, 2020
- 10-QJan 9, 2020
- 10-QOct 30, 2019
- 10-QOct 18, 2019
- 10-KOct 18, 2019
- 10-Q/AOct 18, 2019
- 10-Q/AOct 18, 2019
- 10-Q/AOct 18, 2019
Event-driven situations (2)
Spot an error in this record? Report it. Every correction is verified against the source filing before we change anything.