Event-Driven Stocks

BOSTON CAPITAL TAX CREDIT FUND III L P

Real Estate · Operators of Apartment Buildings · DE · SEC filings ↗ · Compare ⊕

Signs● 1 good● 3 warning● 1 severedetails ↓

Financials

SEC XBRL · annual
 FY19FY18FY17FY16FY15FY14
Revenue$147,180$61,211$29,974$69,045$39,598$142,043
Operating income——————
Net income$712,045$757,782−$265,827$5.9M$2.6M$5.8M
Total assets$1.1M$1.6M$1.5M$1.8M$2.9M$2.3M
Total liabilities$10.8M$14.8M$15.4M$15.4M$16.9M$18.9M
Equity——————
EPS (diluted)——————
Shares out.000000

Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.

Key ratios

from filings · FY2019
Operating margin
—
Net margin
483.8%
Return on equity
—
Return on assets
67.4%
Return on capital (ROCE)
—
Liabilities / assets
1023.3%
Debt / equity
—
Book value / share
—
Revenue growth (YoY)
140.4%
Net income growth (YoY)
−6.0%

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 · FY2019
Accruals / assets
210.7%high accruals
Piotroski F-Score
4/7mixed

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 Score
37
/ 100
Profitability 100Growth 50Catalyst 33Earnings quality 0Financial strength 0

Our 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
  • High leverage (liabilities > 70% of assets)
  • 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

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

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 ↗

Event-driven situations (2)