California First Leasing Corp Financials
This page shows California First Leasing Corp (CFNB) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 8 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
California First Leasing Corp passes 5 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
For every $1 of reported earnings, California First Leasing Corp generates $3.99 in operating cash flow ($44.3M OCF vs $11.1M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
California First Leasing Corp generated $29.2M in revenue in fiscal year 2017. This represents an increase of 5.6% from the prior year.
California First Leasing Corp reported $11.1M in net income in fiscal year 2017. This represents an increase of 28.6% from the prior year.
California First Leasing Corp earned $1.08 per diluted share (EPS) in fiscal year 2017. This represents an increase of 30.1% from the prior year.
California First Leasing Corp held $96.1M in cash against $0 in long-term debt as of fiscal year 2017.
California First Leasing Corp paid $0.46 per share in dividends in fiscal year 2017. This represents an increase of 4.5% from the prior year.
California First Leasing Corp had 10M shares outstanding in fiscal year 2017. This represents an increase of 0.0% from the prior year.
California First Leasing Corp's net profit margin was 38.0% in fiscal year 2017, showing the share of revenue converted to profit. This is up 6.8 percentage points from the prior year.
California First Leasing Corp's ROE was 5.7% in fiscal year 2017, measuring profit generated per dollar of shareholder equity. This is up 1.1 percentage points from the prior year.
CFNB Income Statement
| Metric | Q2'17 | Q1'17 | Q4'17 | Q3'17 | Q2'16 | Q1'16 | Q4'16 | Q3'16 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $6.3M-11.9% | $7.2M-16.4% | $8.6M+18.1% | $7.2M-9.9% | $8.0M+17.7% | $6.8M+4.1% | $6.6M+5.1% | $6.3M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | N/A | $5.3M-19.7% | $6.6M+24.5% | $5.3M | N/A | $5.2M+1.8% | $5.1M+3.5% | $5.0M |
| Income Tax | N/A | $1.9M-31.5% | $2.7M+114.1% | $1.3M | N/A | $1.0M+3.1% | $993K-9.6% | $1.1M |
| Net Income | $2.5M-1.9% | $2.5M-40.1% | $4.2M+114.0% | $2.0M-47.9% | $3.8M+133.1% | $1.6M+3.4% | $1.6M-9.6% | $1.7M |
| EPS (Diluted) | $0.240.0% | $0.24-41.5% | $0.41+115.8% | $0.19-48.6% | $0.37+146.7% | $0.150.0% | $0.15-6.3% | $0.16 |
CFNB Balance Sheet
| Metric | Q2'17 | Q1'17 | Q4'17 | Q3'17 | Q2'16 | Q1'16 | Q4'16 | Q3'16 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $715.6M-14.3% | $834.7M-5.2% | $880.3M-0.4% | $884.0M-0.5% | $888.2M+3.2% | $860.9M+5.1% | $819.4M+7.8% | $759.9M |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $96.1M-13.5% | $111.0M+21.9% | $91.1M-9.5% | $100.7M-4.2% | $105.1M+32.3% | $79.5M+19.9% | $66.2M-7.9% | $71.9M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $840K-35.6% | $1.3M-10.9% | $1.5M-24.0% | $1.9M+44.4% | $1.3M-19.0% | $1.6M+18.5% | $1.4M-33.1% | $2.1M |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $519.5M-19.0% | $641.1M-7.0% | $689.3M-0.3% | $691.3M-0.8% | $697.2M+3.4% | $674.0M+6.5% | $632.8M+11.1% | $569.5M |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | $0 | N/A | N/A | N/A | $0 | N/A | N/A | N/A |
| Total Equity | $196.1M+1.3% | $193.6M+1.4% | $191.0M-0.9% | $192.8M+0.9% | $191.0M+2.2% | $186.9M+0.1% | $186.6M-1.9% | $190.3M |
| Retained Earnings | $193.7M+1.3% | $191.3M+1.3% | $188.8M-0.3% | $189.3M+1.0% | $187.3M+2.0% | $183.6M+0.2% | $183.2M-1.6% | $186.2M |
CFNB Cash Flow Statement
| Metric | Q2'17 | Q1'17 | Q4'17 | Q3'17 | Q2'16 | Q1'16 | Q4'16 | Q3'16 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $39.9M+922.7% | $3.9M+983.6% | $360K+110.5% | $171K-96.9% | $5.4M+102.1% | $2.7M+1017.8% | $241K-81.5% | $1.3M |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | $63.3M+1.7% | $62.3M+819.0% | -$8.7M-667.3% | -$1.1M+42.2% | -$2.0M+93.1% | -$28.3M+60.6% | -$71.9M-378.8% | -$15.0M |
| Financing Cash Flow | -$118.2M-155.5% | -$46.3M-3471.4% | -$1.3M+62.6% | -$3.5M-115.7% | $22.1M-42.9% | $38.8M-41.2% | $66.0M+160.0% | $25.4M |
| Dividends Paid | $1K | $0 | N/A | N/A | $0 | $0 | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | $0 | N/A | N/A | N/A |
CFNB Financial Ratios
| Metric | Q2'17 | Q1'17 | Q4'17 | Q3'17 | Q2'16 | Q1'16 | Q4'16 | Q3'16 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | 39.1%+4.0pp | 35.1%-13.9pp | 49.0%+22.0pp | 27.0%-19.7pp | 46.7%+23.1pp | 23.6%-0.2pp | 23.7%-3.9pp | 27.6% |
| Return on Equity | 1.3%-0.0pp | 1.3%-0.9pp | 2.2%+1.2pp | 1.0%-0.9pp | 2.0%+1.1pp | 0.9%+0.0pp | 0.8%-0.1pp | 0.9% |
| Return on Assets | 0.3%+0.0pp | 0.3%-0.2pp | 0.5%+0.3pp | 0.2%-0.2pp | 0.4%+0.2pp | 0.2%0.0pp | 0.2%-0.0pp | 0.2% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 0.00-3.3 | 3.31-0.3 | 3.61+0.0 | 3.59+3.6 | 0.00-3.6 | 3.61+0.2 | 3.39+0.4 | 2.99 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
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Frequently Asked Questions
What is California First Leasing Corp's annual revenue?
California First Leasing Corp (CFNB) reported $29.2M in total revenue for fiscal year 2017. This represents a 5.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is California First Leasing Corp's revenue growing?
California First Leasing Corp (CFNB) revenue grew by 5.6% year-over-year, from $27.7M to $29.2M in fiscal year 2017.
Is California First Leasing Corp profitable?
Yes, California First Leasing Corp (CFNB) reported a net income of $11.1M in fiscal year 2017, with a net profit margin of 38.0%.
What is California First Leasing Corp's earnings per share (EPS)?
California First Leasing Corp (CFNB) reported diluted earnings per share of $1.08 for fiscal year 2017. This represents a 30.1% 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.
How much debt does California First Leasing Corp have?
As of fiscal year 2017, California First Leasing Corp (CFNB) had $96.1M in cash and equivalents against $0 in long-term debt.
What is California First Leasing Corp's net profit margin?
California First Leasing Corp (CFNB) had a net profit margin of 38.0% in fiscal year 2017, representing the share of revenue converted into profit after all expenses.
Does California First Leasing Corp pay dividends?
Yes, California First Leasing Corp (CFNB) paid $0.46 per share in dividends during fiscal year 2017.
What is California First Leasing Corp's return on equity (ROE)?
California First Leasing Corp (CFNB) has a return on equity of 5.7% for fiscal year 2017, measuring how efficiently the company generates profit from shareholder equity.
What is California First Leasing Corp's operating cash flow?
California First Leasing Corp (CFNB) generated $44.3M in operating cash flow during fiscal year 2017, representing cash generated from core business activities.
What are California First Leasing Corp's total assets?
California First Leasing Corp (CFNB) had $715.6M in total assets as of fiscal year 2017, including both current and long-term assets.
How many shares does California First Leasing Corp have outstanding?
California First Leasing Corp (CFNB) had 10M shares outstanding as of fiscal year 2017.
What is California First Leasing Corp's debt-to-equity ratio?
California First Leasing Corp (CFNB) had a debt-to-equity ratio of 0.00 as of fiscal year 2017, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is California First Leasing Corp's return on assets (ROA)?
California First Leasing Corp (CFNB) had a return on assets of 1.6% for fiscal year 2017, measuring how efficiently the company uses its assets to generate profit.
What is California First Leasing Corp's Piotroski F-Score?
California First Leasing Corp (CFNB) has a Piotroski F-Score of 5 out of 9, indicating neutral 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.
Are California First Leasing Corp's earnings high quality?
California First Leasing Corp (CFNB) has an earnings quality ratio of 3.99x, considered cash-backed (high quality). 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.