CORNING NATURAL GAS CORP
Utilities · Natural Gas Transmisison & Distribution · NY · SEC filings ↗ · Compare ⊕
Financials
SEC XBRL · annual| FY12 | FY11 | |
|---|---|---|
| Revenue | — | — |
| Operating income | $2.1M | $2.2M |
| Net income | $1.4M | $1.3M |
| Total assets | $51.6M | $45.5M |
| Total liabilities | $9.6M | $8.8M |
| Equity | $21.0M | $14.6M |
| EPS (diluted) | $0.69 | $0.76 |
| Shares out. | 2.2M | 1.8M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2012- Operating margin
- —
- Net margin
- —
- Return on equity
- 6.4%
- Return on assets
- 2.6%
- Return on capital (ROCE)
- 4.8%
- Liabilities / assets
- 18.6%
- Debt / equity
- 0.46×
- Book value / share
- $9.42
- Revenue growth (YoY)
- —
- Net income growth (YoY)
- 0.2%
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 · FY2012- Altman Z″ (distress)
- 2.30grey zone
- Accruals / assets
- −0.7%clean
- Piotroski F-Score
- 5/7mixed
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● 3 good- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Altman Z″ in the grey zone
- Conservative leverage (liabilities < 50% of assets)
- 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-Kmissed a reporting deadline ↗Dec 29, 2005
- NT 10-Kmissed a reporting deadline ↗Dec 30, 2003
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- Shareholder vote · Other material eventNov 12, 2013
- Other material eventOct 11, 2013
- Other material eventOct 4, 2013
- Entered a material agreement · New financial obligationSep 9, 2013
- Changed auditorAug 22, 2013
- Other material eventAug 7, 2013
- Entered a material agreementJun 25, 2013
- Other material eventMay 21, 2013
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 7, 2014
- 15-12GCORNING NATURAL GAS CORP FORM-15Dec 12, 2013
- 8-K12G3FORM 8K12G3Nov 13, 2013
- 8-KCNG FORM 8KNov 12, 2013
- 8-KCORNING NATURAL GAS FORM 8KOct 11, 2013
- 8-KCORNING NATURAL GAS FORM 8KOct 4, 2013
- 4/APRIMARY DOCUMENTSep 23, 2013
- 4PRIMARY DOCUMENTSep 23, 2013
- 4PRIMARY DOCUMENTSep 23, 2013
- 4PRIMARY DOCUMENTSep 18, 2013
- 4PRIMARY DOCUMENTSep 17, 2013
- 8-KCORNING NATURAL GAS FORM 8KSep 9, 2013
- 4PRIMARY DOCUMENTAug 29, 2013
- 4PRIMARY DOCUMENTAug 27, 2013
- 4PRIMARY DOCUMENTAug 27, 2013