Fec Resources Financials
This page shows Fec Resources (FECOF) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 7 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).
FEC Resources looks more like an equity-funded balance sheet than a self-financing operating business, with cash burn driving the story.
Between FY2024 and FY2025, liabilities collapsed from$937K to$75K , yet FY2025 still ended with a 0.3x current ratio. Negative operating cash flow in each of the last three years, alongside$258K of FY2025 financing inflow and a higher share count, implies the business is equity-supported rather than self-funded, with fresh capital doing more of the liquidity work than operations.
Accounting profit did not convert into operating cash: FY2023 and FY2024 showed positive net income, but operating cash flow stayed near
Long-term solvency and near-term liquidity are telling different stories. FY2025 carried only
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Fec Resources's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Fec Resources carries a low D/E ratio of 0.01, meaning only $0.01 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
Fec Resources's current ratio of 0.32 is below the typical benchmark, resulting in a score of 0/100. This tight liquidity could limit financial flexibility if cash inflows slow.
Fec Resources generates a -4.6% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 13/100. This is down from 3.2% the prior year.
Fec Resources passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass.
For every $1 of reported earnings, Fec Resources generates $0.88 in operating cash flow (-$249K OCF vs -$283K net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Key Financial Metrics
Earnings & Revenue
Fec Resources reported -$283K in net income in fiscal year 2025. This represents a decrease of 215.7% from the prior year.
Cash & Balance Sheet
Fec Resources held $15K in cash against $0 in long-term debt as of fiscal year 2025.
Fec Resources had 993M shares outstanding in fiscal year 2025. This represents an increase of 15.3% from the prior year.
Margins & Returns
Fec Resources's ROE was -4.6% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 7.8 percentage points from the prior year.
Capital Allocation
FECOF Income Statement
| Metric | Q3'25 | Q3'24 | Q3'23 | Q3'22 | Q3'21 |
|---|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | N/A | N/A |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | N/A | N/A |
| Operating Income | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | N/A | N/A | N/A | N/A | N/A |
| Income Tax | N/A | N/A | N/A | N/A | N/A |
| Net Income | N/A | N/A | N/A | N/A | N/A |
| EPS (Diluted) | N/A | N/A | N/A | N/A | N/A |
FECOF Balance Sheet
| Metric | Q3'25 | Q3'24 | Q3'23 | Q3'22 | Q3'21 |
|---|---|---|---|---|---|
| Total Assets | $8.6M+246.3% | $2.5M+8.7% | $2.3M+4.5% | $2.2M-8.3% | $2.4M |
| Current Assets | $14K-14.4% | $17K-96.3% | $445K+28.3% | $347K-36.3% | $544K |
| Cash & Equivalents | $6K-22.3% | $7K-43.3% | $13K-88.5% | $114K-37.1% | $181K |
| Inventory | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $937K+34.8% | $695K+128.2% | $305K+2187.1% | $13K-68.8% | $43K |
| Current Liabilities | $937K+34.8% | $695K+128.2% | $305K+2187.1% | $13K-68.8% | $43K |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $7.6M+328.7% | $1.8M-9.7% | $2.0M-8.9% | $2.2M-7.2% | $2.3M |
| Retained Earnings | -$19.1M-1.3% | -$18.9M-1.0% | -$18.7M-1.0% | -$18.5M-0.9% | -$18.3M |
FECOF Cash Flow Statement
| Metric | Q3'25 | Q3'24 | Q3'23 | Q3'22 | Q3'21 |
|---|---|---|---|---|---|
| Operating Cash Flow | N/A | N/A | N/A | N/A | N/A |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | N/A | N/A | N/A | N/A | N/A |
| Financing Cash Flow | N/A | N/A | N/A | N/A | N/A |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A |
FECOF Financial Ratios
| Metric | Q3'25 | Q3'24 | Q3'23 | Q3'22 | Q3'21 |
|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A |
| Net Margin | N/A | N/A | N/A | N/A | N/A |
| Return on Equity | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | N/A | N/A | N/A | N/A | N/A |
| Current Ratio | 0.020.0 | 0.02-1.4 | 1.46-24.6 | 26.02+13.3 | 12.73 |
| Debt-to-Equity | 0.12-0.3 | 0.39+0.2 | 0.15+0.1 | 0.01-0.0 | 0.02 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A |
Note: The current ratio is below 1.0 (0.32), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
Is Fec Resources profitable?
No, Fec Resources (FECOF) reported a net income of -$283K in fiscal year 2025.
What is Fec Resources's return on equity (ROE)?
Fec Resources (FECOF) has a return on equity of -4.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Fec Resources's operating cash flow?
Fec Resources (FECOF) generated -$249K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Fec Resources's total assets?
Fec Resources (FECOF) had $6.3M in total assets as of fiscal year 2025, including both current and long-term assets.
What is Fec Resources's current ratio?
Fec Resources (FECOF) had a current ratio of 0.32 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Fec Resources's debt-to-equity ratio?
Fec Resources (FECOF) had a debt-to-equity ratio of 0.01 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Fec Resources's return on assets (ROA)?
Fec Resources (FECOF) had a return on assets of -4.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Fec Resources's cash runway?
Based on fiscal year 2025 data, Fec Resources (FECOF) had $15K in cash against an annual operating cash burn of $249K. 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.
What is Fec Resources's Piotroski F-Score?
Fec Resources (FECOF) 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Fec Resources's earnings high quality?
Fec Resources (FECOF) has an earnings quality ratio of 0.88x, 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.
How financially healthy is Fec Resources?
Fec Resources (FECOF) scores 19 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.