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Golden Developin Financials

DVLP
Source SEC Filings (10-K/10-Q) Data as of Jun 30, 2023 Currency USD FYE December

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

Financial health score pending refresh

We are recalculating Golden Developin's peer-relative financial health score against the latest fiscal year. It will appear here once the refresh completes. The signals and metrics below are current.

Piotroski F-Score Partial
4/5

Golden Developin passes 4 of 5 computable financial strength tests (4 of the nine could not be computed from available data). 2 of 3 profitability signals pass, all 2 leverage/liquidity signals pass.

Earnings Quality Mixed
-0.13x

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.

Interest Coverage At Risk
-0.7x

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

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Earnings & Revenue

Revenue
N/A
EBITDA
N/A
Net Income
-$1.4M

Golden Developin reported -$1.4M in net income in fiscal year 2022.

EPS (Diluted)
$0.00

Golden Developin earned $0.00 per diluted share (EPS) in fiscal year 2022.

Cash & Balance Sheet

Free Cash Flow
N/A
Cash & Debt
$210K
YoY+1858.6%

Golden Developin held $210K in cash against $0 in long-term debt as of fiscal year 2022.

Dividends Per Share
N/A
Shares Outstanding
698M
YoY+0.0%

Golden Developin had 698M shares outstanding in fiscal year 2022. This represents an increase of 0.0% from the prior year.

Margins & Returns

Gross Margin
N/A
Operating Margin
N/A
Net Margin
N/A
Return on Equity
-69.1%

Golden Developin's ROE was -69.1% in fiscal year 2022, measuring profit generated per dollar of shareholder equity.

Capital Allocation

R&D Spending
N/A
Share Buybacks
N/A
Capital Expenditures
N/A

DVLP Income Statement

Metric Q2'23 Q1'23 Q4'22 Q3'22 Q2'22 Q1'22 Q4'21 Q3'21
Revenue $882K+419.4% $170K N/A $0 $0 $0 N/A $0
Cost of Revenue $450K+198.2% $151K N/A $0 $0 $0 N/A $0
Gross Profit $432K+2172.3% $19K N/A $0 $0 $0 N/A $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 N/A N/A N/A
Operating Income -$88K+55.4% -$197K N/A -$71K+56.4% -$163K N/A N/A N/A
Interest Expense $1.4M+19.7% $1.2M N/A $152K+82.4% $83K N/A N/A N/A
Income Tax $0 $0 N/A $0 $0 $0 N/A $0
Net Income -$1.5M+21.6% -$1.9M N/A -$210K+5.8% -$223K N/A N/A N/A
EPS (Diluted) $0.00 $0.00 N/A $0.00 $0.00 $0.00 N/A $0.00

DVLP Balance Sheet

Metric Q2'23 Q1'23 Q4'22 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 Q4'22 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 N/A N/A N/A
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 N/A N/A $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 Q4'22 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 -1120.8% 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% N/A N/A N/A
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 N/A 45.65+42.4 3.27 N/A N/A N/A N/A N/A
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

No, Golden Developin (DVLP) reported a net income of -$1.4M in fiscal year 2022.

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.

Golden Developin (DVLP) has a return on equity of -69.1% for fiscal year 2022, measuring how efficiently the company generates profit from shareholder equity.

Golden Developin (DVLP) generated $183K in operating cash flow during fiscal year 2022, representing cash generated from core business activities.

Golden Developin (DVLP) had $8.7M in total assets as of fiscal year 2022, including both current and long-term assets.

Golden Developin (DVLP) had 698M shares outstanding as of fiscal year 2022.

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.

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.

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.

Golden Developin (DVLP) has a Piotroski F-Score of 4 out of 5 computable signals; 4 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

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.

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.

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