Blue Biofuels Inc Financials

No, Blue Biofuels Inc (BIOF) reported a net income of -$1.4M in fiscal year 2024.

Blue Biofuels Inc (BIOF) reported diluted earnings per share of $-0.01 for fiscal year 2024. This represents a 50.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Blue Biofuels Inc (BIOF) had EBITDA of -$3.9M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

Blue Biofuels Inc (BIOF) generated -$1.1M in free cash flow during fiscal year 2024. This represents a 43.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

Blue Biofuels Inc (BIOF) generated -$1.0M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

Blue Biofuels Inc (BIOF) had $1.4M in total assets as of fiscal year 2024, including both current and long-term assets.

Blue Biofuels Inc (BIOF) invested $71K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

Blue Biofuels Inc (BIOF) invested $2.3M in research and development during fiscal year 2024.

Blue Biofuels Inc (BIOF) had 308M shares outstanding as of fiscal year 2024.

Blue Biofuels Inc (BIOF) had a current ratio of 0.04 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.

Blue Biofuels Inc (BIOF) had a debt-to-equity ratio of -1.49 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

Blue Biofuels Inc (BIOF) had a return on assets of -102.1% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

Based on fiscal year 2024 data, Blue Biofuels Inc (BIOF) had $49K in cash against an annual operating cash burn of $1.0M. This gives an estimated cash runway of approximately 1 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

Blue Biofuels Inc (BIOF) has negative shareholder equity of -$2.8M as of fiscal year 2024, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.

Blue Biofuels Inc (BIOF) has a Piotroski F-Score of 2 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Blue Biofuels Inc (BIOF) has an earnings quality ratio of 0.71x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.