NATIONAL TAX CREDIT INVESTORS II
Real Estate · Real Estate Operators (No Developers) & Lessors · CA · SEC filings ↗ · Compare ⊕
Financials
SEC XBRL · annual| FY14 | FY13 | FY12 | FY11 | FY10 | |
|---|---|---|---|---|---|
| Revenue | — | $0 | $31,000 | $3,000 | — |
| Operating income | −$236,000 | −$244,000 | −$211,000 | −$418,000 | −$516,000 |
| Net income | −$542,000 | −$1.6M | $3.3M | $536,000 | $973,000 |
| Total assets | $6.7M | $7.3M | $8.9M | $5.8M | $5.1M |
| Total liabilities | — | — | $40,000 | $227,000 | $74,000 |
| Equity | — | — | — | — | — |
| EPS (diluted) | — | — | — | — | — |
| Shares out. | 72,007 | 72,017 | 72,032 | 72,205 | — |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2014- Operating margin
- —
- Net margin
- —
- Return on equity
- —
- Return on assets
- −8.0%
- Return on capital (ROCE)
- —
- Liabilities / assets
- —
- Debt / equity
- —
- Book value / share
- —
- 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 · FY2014- Accruals / assets
- −4.4%clean
- Piotroski F-Score
- 3/5weak
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
● 1 severe● 1 warning● 1 good- Filed a late-filing notice (Form NT) — missed an SEC deadline
- 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 ↗Mar 28, 2014
- NT 10-Kmissed a reporting deadline ↗Apr 1, 2011
- NT 10-Kmissed a reporting deadline ↗Apr 1, 2010
- NT 10-Kmissed a reporting deadline ↗Apr 1, 2009
- NT 10-Kmissed a reporting deadline ↗Apr 1, 2008
- NT 10-Kmissed a reporting deadline ↗Apr 3, 2007
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- Completed an acquisition or dispositionAug 21, 2015
- Entered a material agreement · Completed an acquisition or dispositionJul 7, 2015
- Director / officer changeOct 4, 2013
- Entered a material agreementSep 26, 2013
- Changed auditorJun 13, 2013
- Director / officer changeFeb 28, 2013
- Director / officer changeJan 15, 2013
- Director / officer change · Regulation FD disclosureDec 26, 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 15Jan 19, 2016
- 10-QFORM 10-QNov 13, 2015
- 8-KFORM 8-KAug 21, 2015
- 10-QFORM 10-QAug 14, 2015
- 8-KFORM 8-KJul 7, 2015
- 10-QFORM 10-QMay 14, 2015
- 10-KFORM 10-KMar 31, 2015
- 10-QFORM 10-QNov 14, 2014
- 10-QFORM 10-QAug 14, 2014
- 10-QFORM 10-QMay 15, 2014
- 10-KFORM 10-KApr 15, 2014
- NT 10-KNOTIFICATIONN OF LATE 10-K FILINGMar 28, 2014
- SC 13DDec 24, 2013
- 10-QFORM 10-QNov 14, 2013
- 8-KNATIONAL TAX CREDIT INVESTORS II - 8-K FILINGOct 4, 2013
Event-driven situations (1)
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