Freedom Environmental Services, Inc.
Utilities · Hazardous Waste Management · DE · SEC filings ↗ · Compare ⊕
Financials
SEC XBRL · annual| FY11 | FY10 | |
|---|---|---|
| Revenue | $5.7M | $2.2M |
| Operating income | −$1.1M | −$2.3M |
| Net income | −$1.9M | −$2.5M |
| Total assets | $2.4M | $2.8M |
| Total liabilities | $2.4M | $2.3M |
| Equity | $16,515 | $515,945 |
| EPS (diluted) | — | — |
| Shares out. | 133.4M | 103.4M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2011- Operating margin
- −19.2%
- Net margin
- −32.6%
- Return on equity
- −11205.0%
- Return on assets
- −78.2%
- Return on capital (ROCE)
- −367.9%
- Liabilities / assets
- 99.3%
- Debt / equity
- 142.30×
- Book value / share
- $0.00
- Revenue growth (YoY)
- 159.1%
- 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 · FY2011- Altman Z″ (distress)
- -38.21distress
- Accruals / assets
- −70.7%clean
- Beneish M-Score
- -4.99normal
- Piotroski F-Score
- 5/9mixed
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● 4 warning● 2 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)
- Negative operating cash flow
- Revenue is growing year-over-year
- 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 14, 2012
- NT 10-Kmissed a reporting deadline ↗Mar 30, 2012
- NT 10-Qmissed a reporting deadline ↗Nov 14, 2011
- NT 10-Qmissed a reporting deadline ↗Aug 15, 2011
- NT 10-Qmissed a reporting deadline ↗May 16, 2011
- NT 10-Kmissed a reporting deadline ↗Mar 31, 2011
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 · Changed auditorSep 28, 2012
- Director / officer changeSep 4, 2012
- Director / officer changeJun 27, 2012
- Changed auditorMar 23, 2012
- Changed auditorFeb 24, 2012
- Changed auditorMar 15, 2011
- Entered a material agreement · Completed an acquisition or dispositionJan 4, 2011
- Changed auditor · Amended charter or bylaws · Other material eventNov 10, 2010
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 ↗- REVOKEDMar 13, 2014
- 8-K/AFREEDOM 8-K/AOct 10, 2012
- 8-KFREEDOM ENVIRONMENTAL 8-KSep 28, 2012
- 10-QSep 13, 2012
- 8-KFREEDOM 8-KSep 4, 2012
- 5Aug 7, 2012
- 10-QJul 27, 2012
- DEF 14CDEFINITIVE 14CJul 26, 2012
- 8-K/A8KAJul 17, 2012
- 8-KJun 27, 2012
- 10-KMay 16, 2012
- 8-K/AMay 15, 2012
- NT 10-QMay 14, 2012
- NT 10-KMar 30, 2012
- 8-KMar 23, 2012
Event-driven situations (1)
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