ASSURANCEAMERICA CORP
Financials · Fire, Marine & Casualty Insurance · NV · SEC filings ↗ · Compare ⊕
Financials
SEC XBRL · annual| FY11 | FY10 | |
|---|---|---|
| Revenue | $56.4M | $63.3M |
| Operating income | — | — |
| Net income | −$11.6M | $579,994 |
| Total assets | $108.0M | $126.5M |
| Total liabilities | $103.1M | $112.5M |
| Equity | $5.0M | $14.0M |
| EPS (diluted) | $-0.18 | $0.01 |
| Shares out. | 65.8M | 65.5M |
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
- —
- Net margin
- −20.5%
- Return on equity
- −232.8%
- Return on assets
- −10.7%
- Return on capital (ROCE)
- —
- Liabilities / assets
- 95.4%
- Debt / equity
- 20.75×
- Book value / share
- $0.08
- Revenue growth (YoY)
- −10.9%
- Net income growth (YoY)
- −2093.3%
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- Accruals / assets
- −4.2%clean
- Piotroski F-Score
- 2/7weak
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
● 1 severe● 4 warning● 1 good- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Reported a net loss
- Revenue declined year-over-year
- High leverage (liabilities > 70% of assets)
- Negative 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 ↗Apr 2, 2012
- NT 10-Qmissed a reporting deadline ↗Feb 15, 2002
- NT 10-Qmissed a reporting deadline ↗Nov 15, 2001
- NT 10-Qmissed a reporting deadline ↗Aug 15, 2001
- NT 10-Kmissed a reporting deadline ↗Jul 2, 2001
- NT 10-Qmissed a reporting deadline ↗Feb 15, 2001
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 |
|---|---|---|---|---|
| Ratajczak DonaldDirector | Feb 18, 2009 | J | 47,619 | $0.00 |
| Zamarripa SamDirector | Feb 18, 2009 | J | 15,873 | $0.00 |
| Healey Quill ODirector | Feb 18, 2009 | J | 47,619 | $0.00 |
| Cay John EDirector | Feb 18, 2009 | J | 47,619 | $0.00 |
| Healey Quill ODirector | Mar 4, 2008 | J | 20,000 | $0.00 |
| Ratajczak DonaldDirector | Mar 4, 2008 | J | 20,000 | $0.00 |
| Cay John EDirector | Mar 4, 2008 | J | 20,000 | $0.00 |
| Millner Guy WOfficer — Chairman | Dec 19, 2007 | Gift | 420,000 | $0.00 |
| Wright Courtney Mcquillan | Jul 17, 2007 | J | 35,000 | $0.00 |
| Millner Guy WOfficer — Chairman | Oct 10, 2006 | Gift | 487,000 | $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- Amended charter or bylaws · Other material eventMar 15, 2013
- Entered a material agreementFeb 19, 2013
- Director / officer changeSep 25, 2012
- Prior financials not reliable (restatement)Apr 2, 2012
- Director / officer changeMar 27, 2012
- Entered a material agreementMar 8, 2012
- Director / officer changeFeb 24, 2012
- Director / officer changeJan 20, 2012
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 15-12GMar 26, 2013
- SC 13E3/AMar 18, 2013
- 8-KFORM 8-KMar 15, 2013
- 8-KFORM 8-KFeb 19, 2013
- S-8 POSFORM S-8 POST-EFFECTIVE AMENDMENT NO. 1Jan 9, 2013
- CORRESPDec 26, 2012
- SC 13E3/ADec 26, 2012
- UPLOADDec 5, 2012
- SC 13E3/ADec 4, 2012
- 10-QFORM 10-QNov 14, 2012
- SC 13E3/ANov 7, 2012
- 8-KFORM 8-KSep 25, 2012
- SC 13E3Sep 25, 2012
- SC 13E3/ASep 19, 2012
- 10-QFORM 10-QAug 14, 2012
Event-driven situations (1)
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