WNC HOUSING TAX CREDIT FUND II LP
Real Estate · Operators of Apartment Buildings · CA · SEC filings ↗ · Compare ⊕
Financials
SEC XBRL · annual| FY12 | FY11 | FY10 | |
|---|---|---|---|
| Revenue | $15,034 | $12,967 | $3,425 |
| Operating income | −$100,042 | −$131,835 | −$176,909 |
| Net income | $33,013 | −$10,764 | −$135,413 |
| Total assets | $83,883 | $95,139 | — |
| Total liabilities | — | — | — |
| Equity | — | — | — |
| EPS (diluted) | — | — | — |
| Shares out. | 0 | — | — |
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
- −665.4%
- Net margin
- 219.6%
- Return on equity
- —
- Return on assets
- 39.4%
- Return on capital (ROCE)
- —
- Liabilities / assets
- —
- Debt / equity
- —
- Book value / share
- —
- Revenue growth (YoY)
- 15.9%
- 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 · FY2012- Accruals / assets
- 243.0%high accruals
- Piotroski F-Score
- 4/6mixed
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● 3 warning● 1 good- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Operating losses (negative operating margin)
- Negative operating cash flow
- High accruals — earnings-quality risk
- Revenue is growing year-over-year
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 ↗Jun 30, 2008
- NT 10-Qmissed a reporting deadline ↗Feb 15, 2008
- NT 10-Qmissed a reporting deadline ↗Aug 15, 2007
- NT 10-Kmissed a reporting deadline ↗Jul 2, 2007
- NT 10-Qmissed a reporting deadline ↗Aug 14, 2006
- NT 10-Kmissed a reporting deadline ↗Jun 30, 2006
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- Results of operationsDec 7, 2012
- Entered a material agreementOct 23, 2012
- Results of operationsJul 18, 2012
- Results of operationsNov 30, 2011
- Results of operationsOct 19, 2011
- Results of operationsJun 8, 2011
- Results of operationsApr 22, 2011
- Results of operationsDec 8, 2009
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 ↗- 15-12GNOTICE OF TERMINATION OF REGISTRATIONJan 25, 2013
- 8-KCURRENT REPORTDec 7, 2012
- 10-QNov 13, 2012
- 8-KEXHIBIT 3 - FORM 8-K NAT-2Oct 23, 2012
- 10-QQUARTERLY REPORTAug 10, 2012
- 8-KCURRENT REPORTJul 18, 2012
- 10-KANNUAL REPORTJun 14, 2012
- 10-Q/AFORM 10Q/AFeb 14, 2012
- 10-QWNC HOUSING TAX CREDIT FUND II, L.P.Feb 13, 2012
- 8-KCURRENT REPORTNov 30, 2011
- 10-QNAT 2 10Q 09-30-2011Nov 14, 2011
- 8-KCURRENT REPORTOct 19, 2011
- 10-QNAT 2 10Q 06-30-2011Aug 16, 2011
- 10-KWNC HOUSING TAX CREDIT FUND II, L.P.Jun 28, 2011
- 8-KCURRENT REPORTJun 8, 2011