HL Acquisitions Corp.
Utilities · Gas & Other Services Combined · D8 · SEC filings ↗ · Compare ⊕
Financials
SEC XBRL · annual| FY20 | FY19 | FY18 | |
|---|---|---|---|
| Revenue | — | — | — |
| Operating income | −$1.0M | −$446,704 | −$5,167 |
| Net income | −$201,554 | $825,054 | −$5,167 |
| Total assets | $54.0M | $56.3M | $360,010 |
| Total liabilities | $2.1M | $1,389 | — |
| Equity | $5.0M | $5.0M | $19,833 |
| EPS (diluted) | — | — | — |
| Shares out. | 6.6M | 7.0M | 1.4M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2020- Operating margin
- —
- Net margin
- —
- Return on equity
- −4.0%
- Return on assets
- −0.4%
- Return on capital (ROCE)
- −2.0%
- Liabilities / assets
- 3.8%
- Debt / equity
- 0.41×
- Book value / share
- $0.76
- Revenue growth (YoY)
- —
- Net income growth (YoY)
- −124.4%
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)
- 2.30grey zone
- Accruals / assets
- 1.2%clean
- Piotroski F-Score
- 1/7weak
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 warning● 2 good- Negative operating cash flow
- Altman Z″ in the grey zone
- 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.
Material events
SEC Form 8-K · most recent- Shareholder vote · Regulation FD disclosureDec 4, 2020
- Regulation FD disclosureDec 4, 2020
- Regulation FD disclosureNov 24, 2020
- Regulation FD disclosureNov 12, 2020
- New financial obligation · Other material eventNov 4, 2020
- Shareholder vote · Regulation FD disclosure · Other material eventOct 2, 2020
- Regulation FD disclosureSep 24, 2020
- Regulation FD disclosureSep 14, 2020
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 ↗- SC 13G/AFeb 16, 2021
- SC 13G/AFeb 12, 2021
- SC 13G/AFORM SC 13G/AFeb 9, 2021
- 25-NSEDec 10, 2020
- 8-KCURRENT REPORTDec 4, 2020
- 425Dec 4, 2020
- 8-KCURRENT REPORTDec 4, 2020
- 425CURRENT REPORTNov 24, 2020
- 8-KCURRENT REPORTNov 24, 2020
- 425FORM 425Nov 18, 2020
- 10-QQUARTERLY REPORTNov 13, 2020
- 425FORM 425Nov 12, 2020
- 425CURRENT REPORTNov 12, 2020
- 8-KCURRENT REPORTNov 12, 2020
- DEFA14APROXY STATEMENTNov 10, 2020