Gadsden Properties, Inc.
Real Estate · Real Estate · NV · SEC filings ↗ · Compare ⊕
Financials
SEC XBRL · annual| FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | |
|---|---|---|---|---|---|---|
| Revenue | $41,000 | — | $38.4M | $75.9M | $50.1M | $57.2M |
| Operating income | −$5.6M | −$12.3M | −$12.0M | −$40.2M | −$21.2M | $22.0M |
| Net income | −$2.0M | −$19.4M | −$13.3M | −$34.6M | −$121.5M | $7.2M |
| Total assets | $4.8M | $6.2M | $18.5M | $34.4M | $187.8M | $220.9M |
| Total liabilities | $4.8M | $9.6M | $19.9M | $21.7M | $145.5M | $60.6M |
| Equity | −$144,000 | −$3.6M | −$1.4M | $12.7M | $42.3M | $160.4M |
| EPS (diluted) | $-0.27 | $-3.52 | $-3.18 | $-8.54 | $-6.41 | $0.34 |
| Shares out. | 11.9M | 4.4M | 22.0M | 22.1M | 18.9M | 21.0M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2018- Operating margin
- −13768.3%
- Net margin
- −4985.4%
- Return on equity
- 1419.4%
- Return on assets
- −42.5%
- Return on capital (ROCE)
- −1291.8%
- Liabilities / assets
- 100.2%
- Debt / equity
- —
- Book value / share
- $-0.01
- 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 · FY2018- Altman Z″ (distress)
- -105.76distress
- Accruals / assets
- 18.6%high accruals
- Piotroski F-Score
- 3/7weak
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. What these scores mean →
Signs
● 3 severe● 5 warning● 1 good- Negative shareholder equity
- 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
- High accruals — earnings-quality risk
- Strong return on equity (>15%)
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 ↗Mar 31, 2020
- NT 10-Qmissed a reporting deadline ↗Nov 15, 2019
- NT 10-Qmissed a reporting deadline ↗Aug 15, 2019
- NT 10-Qmissed a reporting deadline ↗Aug 14, 2018
- NT 10-Qmissed a reporting deadline ↗May 15, 2018
- NT 10-Qmissed a reporting deadline ↗Aug 14, 2017
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- Regulation FD disclosureJul 26, 2021
- Entered a material agreementMar 29, 2021
- Bankruptcy or receivershipMar 3, 2021
- Director / officer changeNov 30, 2020
- Bankruptcy or receivershipOct 13, 2020
- Entered a material agreement · Director / officer changeSep 8, 2020
- Director / officer changeMar 17, 2020
- Debt acceleration / triggering eventMar 5, 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 ↗- 15-12GFORM 15-12GJul 26, 2021
- 8-KCURRENT REPORTJul 26, 2021
- 8-K/ACURRENT REPORTApr 6, 2021
- 8-KCURRENT REPORTMar 29, 2021
- 8-K/AFORM 8-K/AMar 19, 2021
- 8-KCURRENT REPORTMar 3, 2021
- 8-KCURRENT REPORTNov 30, 2020
- 8-KCURRENT REPORTOct 13, 2020
- 8-KCURRENT REPORTSep 8, 2020
- NT 10-KNOTIFICATION OF LATE FILINGMar 31, 2020
- 8-KCURRENT REPORTMar 17, 2020
- 8-KCURRENT REPORTMar 5, 2020
- 8-KCURRENT REPORTFeb 26, 2020
- 8-K/AFORM 8-K/AFeb 25, 2020
- 8-KFORM 8-KFeb 24, 2020
Event-driven situations (2)
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