Golden Developin Financials
This page shows Golden Developin (DVLP) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 5 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
Golden Developin passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass.
For every $1 of reported earnings, Golden Developin generates $-0.13 in operating cash flow ($183K OCF vs -$1.4M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Golden Developin earns $-0.7 in operating income for every $1 of interest expense (-$646K vs $965K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Golden Developin reported -$1.4M in net income in fiscal year 2022. This represents a decrease of 123.8% from the prior year.
Golden Developin held $210K in cash against $0 in long-term debt as of fiscal year 2022.
Golden Developin had 698M shares outstanding in fiscal year 2022. This represents an increase of 0.0% from the prior year.
DVLP Income Statement
| Metric | Q2'23 | Q1'23 | Q2'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $882K+419.4% | $170K | N/A | $0 | $0 | $0 | $0 | $0 |
| Cost of Revenue | $450K+198.2% | $151K | N/A | $0 | $0 | $0 | $0 | $0 |
| Gross Profit | $432K+2172.3% | $19K | N/A | $0 | $0 | $0 | $0 | $0 |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $446K+124.0% | $199K | N/A | $54K+7.4% | $51K+9.6% | $46K-79.8% | $228K+467.4% | $40K |
| Operating Income | -$88K+55.4% | -$197K | N/A | -$71K+56.4% | -$163K-180.2% | -$58K+77.1% | -$255K-292.6% | -$65K |
| Interest Expense | $1.4M+19.7% | $1.2M | N/A | $152K+82.4% | $83K+35.4% | $62K+16.4% | $53K+26.7% | $42K |
| Income Tax | $0 | $0 | N/A | $0 | $0 | $0 | $0 | $0 |
| Net Income | -$1.5M+21.6% | -$1.9M | N/A | -$210K+5.8% | -$223K-1489.2% | $16K+139.9% | -$40K+91.6% | -$476K |
| EPS (Diluted) | $0.00 | $0.00 | N/A | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
DVLP Balance Sheet
| Metric | Q2'23 | Q1'23 | Q2'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $7.9M+1.6% | $7.8M-10.5% | $8.7M+2464.9% | $340K+399.2% | $68K+8681.5% | $775-92.8% | $11K+6105.2% | $173 |
| Current Assets | $1.4M-5.3% | $1.5M+621.9% | $210K-38.1% | $340K+399.2% | $68K+8681.5% | $775-92.8% | $11K+6105.2% | $173 |
| Cash & Equivalents | $323K+47.4% | $219K+4.4% | $210K-38.1% | $340K+399.2% | $68K+8681.5% | $775-92.8% | $11K+6105.2% | $173 |
| Inventory | $688K+9.9% | $626K | $0 | N/A | N/A | N/A | $0 | N/A |
| Accounts Receivable | $368K-31.2% | $535K | $0 | N/A | N/A | N/A | N/A | N/A |
| Goodwill | $3.1M0.0% | $3.1M | $0 | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $9.2M+20.5% | $7.6M+14.4% | $6.7M+846.8% | $705K-13.0% | $810K-1.8% | $825K-17.4% | $998K-38.7% | $1.6M |
| Current Liabilities | $9.1M+19.0% | $7.6M+14.4% | $6.7M+846.8% | $705K-13.0% | $810K-1.8% | $825K-17.4% | $998K-40.7% | $1.7M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | -$1.3M-862.4% | $167K-91.8% | $2.0M+659.0% | -$365K+50.8% | -$742K+10.0% | -$824K+16.6% | -$987K+39.4% | -$1.6M |
| Retained Earnings | -$17.1M-9.4% | -$15.6M-13.6% | -$13.8M-7.8% | -$12.8M-1.7% | -$12.6M-1.8% | -$12.3M+0.1% | -$12.4M-0.3% | -$12.3M |
DVLP Cash Flow Statement
| Metric | Q2'23 | Q1'23 | Q2'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $174K+159.1% | -$295K-174.0% | $398K+504.8% | -$98K-16.4% | -$85K-160.4% | -$32K+62.2% | -$86K-6841.7% | -$1K |
| 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 | -$64K-119.7% | $325K | N/A | N/A | $0 | $0 | N/A | N/A |
| Financing Cash Flow | -$6K+70.4% | -$21K-100.2% | $8.7M+2239.4% | $370K+143.7% | $152K+574.7% | $23K-76.7% | $97K | $0 |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
DVLP Financial Ratios
| Metric | Q2'23 | Q1'23 | Q2'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 49.0%+37.8pp | 11.2% | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | -9.9%+105.8pp | -115.8% | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | -166.6%+936.6pp | -1103.3% | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -18.6%+5.5pp | -24.0% | N/A | -61.9%+265.8pp | -327.6%-2398.9pp | 2071.2%+2446.0pp | -374.7%+274985.4pp | -275360.1% |
| Current Ratio | 0.16-0.0 | 0.20+0.2 | 0.03-0.5 | 0.48+0.4 | 0.08+0.1 | 0.000.0 | 0.01+0.0 | 0.00 |
| Debt-to-Equity | -7.22-52.9 | 45.65+42.4 | 3.27+5.2 | -1.93-0.8 | -1.09-0.1 | -1.00+0.0 | -1.01-0.0 | -1.00 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Note: The current ratio is below 1.0 (0.03), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
Is Golden Developin profitable?
No, Golden Developin (DVLP) reported a net income of -$1.4M in fiscal year 2022.
What is Golden Developin's earnings per share (EPS)?
Golden Developin (DVLP) reported diluted earnings per share of $0.00 for fiscal year 2022. 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.
What is Golden Developin's operating cash flow?
Golden Developin (DVLP) generated $183K in operating cash flow during fiscal year 2022, representing cash generated from core business activities.
What are Golden Developin's total assets?
Golden Developin (DVLP) had $8.7M in total assets as of fiscal year 2022, including both current and long-term assets.
How many shares does Golden Developin have outstanding?
Golden Developin (DVLP) had 698M shares outstanding as of fiscal year 2022.
What is Golden Developin's current ratio?
Golden Developin (DVLP) had a current ratio of 0.03 as of fiscal year 2022, which is below 1.0, which may suggest potential liquidity concerns.
What is Golden Developin's debt-to-equity ratio?
Golden Developin (DVLP) had a debt-to-equity ratio of 3.27 as of fiscal year 2022, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Golden Developin's return on assets (ROA)?
Golden Developin (DVLP) had a return on assets of -16.2% for fiscal year 2022, measuring how efficiently the company uses its assets to generate profit.
What is Golden Developin's Piotroski F-Score?
Golden Developin (DVLP) 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 Golden Developin's earnings high quality?
Golden Developin (DVLP) has an earnings quality ratio of -0.13x, considered mixed 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.
Can Golden Developin cover its interest payments?
Golden Developin (DVLP) has an interest coverage ratio of -0.7x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.