BALTIA AIR LINES INC
Industrials · Air Transportation, Scheduled · NY · SEC filings ↗ · Compare ⊕
Financials
SEC XBRL · annual| FY15 | FY14 | FY13 | FY12 | FY11 | |
|---|---|---|---|---|---|
| Revenue | — | — | — | — | — |
| Operating income | — | — | — | — | — |
| Net income | −$118.9M | −$15.4M | −$6.9M | −$1.6M | −$25.1M |
| Total assets | $1.7M | $2.8M | $2.1M | $2.1M | $3.8M |
| Total liabilities | $5.1M | $4.6M | $2.4M | $2.0M | $1.3M |
| Equity | −$3.4M | −$1.8M | −$302,528 | $147,187 | $2.5M |
| EPS (diluted) | — | — | $0.00 | $-0.01 | $-0.02 |
| Shares out. | 5.81B | 3.60B | 2.77B | — | — |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2015- Operating margin
- —
- Net margin
- —
- Return on equity
- 3525.2%
- Return on assets
- −6963.8%
- Return on capital (ROCE)
- —
- Liabilities / assets
- 297.5%
- Debt / equity
- —
- Book value / share
- $-0.00
- 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 · FY2015- Accruals / assets
- −4325.9%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
● 2 severe● 2 warning● 2 good- Negative shareholder equity
- Filed a late-filing notice (Form NT) — missed an SEC deadline
- High leverage (liabilities > 70% of assets)
- Negative operating cash flow
- Strong return on equity (>15%)
- 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 ↗May 13, 2016
- NT 10-Kmissed a reporting deadline ↗Mar 30, 2016
- NT 10-Qmissed a reporting deadline ↗Nov 16, 2015
- NT 10-Qmissed a reporting deadline ↗Aug 14, 2015
- NT 10-Kmissed a reporting deadline ↗Mar 30, 2015
- NT 10-Qmissed a reporting deadline ↗Nov 13, 2014
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- Other material eventJul 31, 2018
- Director / officer changeJul 9, 2018
- Director / officer changeFeb 23, 2018
- Director / officer changeFeb 13, 2018
- Terminated a material agreementNov 29, 2017
- Entered a material agreementSep 1, 2017
- Director / officer changeAug 10, 2017
- Other material eventJun 27, 2017
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 ↗- REVOKEDMar 11, 2019
- 8-KJul 31, 2018
- 8-KJul 9, 2018
- 8-KFeb 23, 2018
- 8-KFeb 13, 2018
- 8-KNov 29, 2017
- 8-KSep 1, 2017
- 8-KAug 10, 2017
- 8-KFORM 8-KJun 27, 2017
- 3Jun 26, 2017
- 8-KFORM 8-KJun 23, 2017
- 8-KFORM 8-KJun 23, 2017
- 8-KJun 13, 2017
- 8-KCURRENT REPORTMay 25, 2017
- 8-KMay 17, 2017
Event-driven situations (1)
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