Forbes Energy Services Ltd.
Energy · Oil & Gas Field Services, NEC · D0 · SEC filings ↗ · Compare ⊕
Financials
SEC XBRL · annual| FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | |
|---|---|---|---|---|---|---|
| Revenue | $188.4M | $180.9M | $30.8M | — | — | — |
| Operating income | −$43.9M | −$21.9M | −$18.0M | −$81.1M | $356,000 | $16.8M |
| Net income | −$68.4M | −$32.6M | $27.2M | −$109.1M | −$46.1M | −$8.3M |
| Total assets | $190.3M | $256.4M | $216.4M | $312.9M | $409.2M | $1.13B |
| Total liabilities | $166.3M | $165.0M | $68.8M | $340.1M | $327.1M | $355.1M |
| Equity | $24.0M | $91.4M | $122.9M | −$42.5M | $67.4M | $113.9M |
| EPS (diluted) | — | — | — | — | $-2.12 | $-0.42 |
| Shares out. | 5.4M | 5.3M | 22.2M | 22.2M | 21.9M | 21.6M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2019- Operating margin
- −23.3%
- Net margin
- −36.3%
- Return on equity
- −285.5%
- Return on assets
- −35.9%
- Return on capital (ROCE)
- −47.9%
- Liabilities / assets
- 87.4%
- Debt / equity
- 6.94×
- Book value / share
- $4.40
- Revenue growth (YoY)
- 4.2%
- 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 · FY2019- Altman Z″ (distress)
- -5.41distress
- Accruals / assets
- −40.8%clean
- Piotroski F-Score
- 3/9weak
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● 3 warning● 3 good- Altman Z″ in the distress zone
- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Operating losses (negative operating margin)
- Reported a net loss
- High leverage (liabilities > 70% of assets)
- Revenue is growing year-over-year
- 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 ↗Jun 29, 2020
- NT 10-Qmissed a reporting deadline ↗May 18, 2009
- NT 10-Qmissed a reporting deadline ↗Aug 15, 2008
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 |
|---|---|---|---|---|
| Ascribe Capital Llc10% owner | Apr 16, 2020 | J | 963,116 | — |
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- Terminated a material agreementJun 8, 2020
- Entered a material agreement · New financial obligation · Other material eventMay 21, 2020
- Director / officer changeMay 14, 2020
- Other material eventMay 12, 2020
- Entered a material agreementFeb 26, 2020
- Entered a material agreement · Other material eventFeb 5, 2020
- Entered a material agreementDec 23, 2019
- Entered a material agreement · Regulation FD disclosureDec 19, 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 ↗Event-driven situations (1)
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