PETRO USA, INC.
Healthcare · Pharmaceutical Preparations · NV · SEC filings ↗ · Compare ⊕
Financials
SEC XBRL · annual| FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | |
|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — |
| Operating income | −$23,581 | −$12,860 | −$27,992 | −$17,335 | −$13,719 | −$33,292 |
| Net income | −$23,863 | −$13,143 | −$28,004 | −$17,335 | −$13,719 | −$33,292 |
| Total assets | $100 | $0 | $0 | $0 | $0 | $0 |
| Total liabilities | $128,506 | $104,543 | $111,400 | $90,896 | $73,561 | $59,842 |
| Equity | −$128,406 | −$104,543 | −$111,400 | −$90,896 | −$73,561 | −$59,842 |
| EPS (diluted) | — | — | $-0.91 | — | — | — |
| Shares out. | 30,920 | 200.0M | 30,920 | 2.96B | 2.96B | 2.96B |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2023- Operating margin
- —
- Net margin
- —
- Return on equity
- 18.6%
- Return on assets
- −23863.0%
- Return on capital (ROCE)
- —
- Liabilities / assets
- 128506.0%
- Debt / equity
- —
- Book value / share
- $-4.15
- 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 · FY2023- Altman Z″ (distress)
- -3981522.22distress
- Accruals / assets
- −23963.0%clean
- Piotroski F-Score
- 3/4weak
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
● 3 severe● 1 warning● 3 good- Negative shareholder equity
- Altman Z″ in the distress zone
- Filed a late-filing notice (Form NT) — missed an SEC deadline
- High leverage (liabilities > 70% of assets)
- Strong return on equity (>15%)
- 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 ↗Feb 14, 2024
- NT 10-Qmissed a reporting deadline ↗Nov 14, 2023
- NT 10-Kmissed a reporting deadline ↗Oct 2, 2023
- NT 10-Qmissed a reporting deadline ↗May 15, 2023
- NT 10-Qmissed a reporting deadline ↗Nov 14, 2022
- NT 10-Kmissed a reporting deadline ↗Sep 28, 2022
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 |
|---|---|---|---|---|
| Gates E RobertOfficer — Chairman and CEO | Sep 20, 2010 | U | 2.50B | $0.00 |
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- Changed auditorJun 2, 2025
- Change in control · Director / officer changeMay 23, 2025
- Changed auditorFeb 20, 2024
- Entered a material agreement · Completed an acquisition or disposition · Item 5.06Apr 27, 2023
- Changed auditorOct 6, 2022
- Director / officer changeApr 13, 2021
- Director / officer changeJan 21, 2021
- Modified shareholder rights · Amended charter or bylawsDec 18, 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 ↗- 8-KCURRENT REPORTJun 2, 2025
- 8-KCURRENT REPORTMay 23, 2025
- 10-Q/AFeb 27, 2024
- 10-QQUARTERLY REPORTFeb 21, 2024
- 8-KCURRENT REPORTFeb 20, 2024
- NT 10-QPETRO USA INC FORM NT-10QFeb 14, 2024
- 10-QQUARTERLY REPORTNov 17, 2023
- NT 10-QPETRO USA INC (FORM NT10-Q 09/30/23)Nov 14, 2023
- 10-KPETRO USA INC FORM 10-KOct 13, 2023
- NT 10-KFORM NT-10K JUNE 30, 2023Oct 2, 2023
- 10-QPETRO USA INC (FORM 10Q - 03/31/23)Aug 10, 2023
- NT 10-QPETRO USA INC (FORM NT-10Q 03/31/23)May 15, 2023
- 8-KPETRO USA INC FORM 8-KApr 27, 2023
- 10-QPETRO USA INC (FORM 10-Q 12/31/22)Mar 22, 2023
- 10-QPETRO USA INC (FORM 10-Q 09/30/22)Nov 15, 2022