First Foods Group Inc Financials

First Foods Group Inc (FIFG) reported $85K in total revenue for fiscal year 2022. This represents a -76.6% 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.

First Foods Group Inc (FIFG) revenue declined by 76.6% year-over-year, from $363K to $85K in fiscal year 2022.

No, First Foods Group Inc (FIFG) reported a net income of -$1.5M in fiscal year 2022, with a net profit margin of -1814.8%.

First Foods Group Inc (FIFG) had EBITDA of -$1.2M in fiscal year 2022, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2022, First Foods Group Inc (FIFG) had $525 in cash and equivalents against $1.5M in long-term debt.

First Foods Group Inc (FIFG) had an operating margin of -1505.1% in fiscal year 2022, reflecting the profitability of core business operations before interest and taxes.

First Foods Group Inc (FIFG) had a net profit margin of -1814.8% in fiscal year 2022, representing the share of revenue converted into profit after all expenses.

First Foods Group Inc (FIFG) generated $421K in free cash flow during fiscal year 2022. This represents a 225.8% 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.

First Foods Group Inc (FIFG) generated $421K in operating cash flow during fiscal year 2022, representing cash generated from core business activities.

First Foods Group Inc (FIFG) had $54K in total assets as of fiscal year 2022, including both current and long-term assets.

First Foods Group Inc (FIFG) invested $0 in capital expenditures during fiscal year 2022, funding long-term assets and infrastructure.

First Foods Group Inc (FIFG) invested $66K in research and development during fiscal year 2022.

First Foods Group Inc (FIFG) had 27M shares outstanding as of fiscal year 2022.

First Foods Group Inc (FIFG) had a current ratio of 0.01 as of fiscal year 2022, which is below 1.0, which may suggest potential liquidity concerns.

First Foods Group Inc (FIFG) had a debt-to-equity ratio of -0.31 as of fiscal year 2022, measuring the company's financial leverage by comparing total debt to shareholder equity.

First Foods Group Inc (FIFG) had a return on assets of -2852.1% for fiscal year 2022, measuring how efficiently the company uses its assets to generate profit.

First Foods Group Inc (FIFG) has negative shareholder equity of -$4.8M as of fiscal year 2022, 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.

First Foods Group Inc (FIFG) has a Piotroski F-Score of 3 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.

First Foods Group Inc (FIFG) has an earnings quality ratio of -0.27x, 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.

First Foods Group Inc (FIFG) has an interest coverage ratio of -4.2x, 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.

First Foods Group Inc (FIFG) scores 25 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.