What is Auto Parts 4Less's earnings per share (EPS)?

Auto Parts 4Less (FLES) reported diluted earnings per share of $-10.72 for fiscal year 2023. This represents a 62.8% 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.

Auto Parts 4Less Financials

FLES

Source SEC Filings (10-K/10-Q) Updated Oct 31, 2023 Currency USD FYE January

This page shows Auto Parts 4Less (FLES) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 11 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).

Rhea AI FLES FY2023 2026-04-22

Chronic operating cash burn left the business increasingly liability-funded as its asset base kept shrinking.

Over the last two reported years, total assets fell from $2.3M to $395K, meaning the company was operating with a much smaller balance-sheet cushion. Over the same span, total liabilities climbed from $6.7M to $24.3M, so the strain is not just about losses; the business had less capacity supporting much larger obligations.

Across the pre-2023 period, operating cash flow was negative every year, and the latest reported full year used $6.3M of cash from operations against only $11.0M of revenue. Because free cash flow largely tracked operating cash flow when reported, the drain came mainly from day-to-day operations rather than from unusually heavy capital spending.

Gross margin compressed from 26.4% to 14.0%, which means additional sales were being earned at materially weaker unit economics instead of improving scale efficiency. By the latest year, the current ratio had fallen to 0.005x, indicating near-term obligations outweighed near-term resources by a very wide margin.

Financial Health Signals

Financial Profile 0/100

Based on FY2023 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 Auto Parts 4Less'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.

Liquidity

Auto Parts 4Less's current ratio of 0.01 is below the typical benchmark, resulting in a score of 0/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Key Financial Metrics

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Earnings & Revenue

Revenue

N/A

EBITDA

N/A

Net Income

N/A

EPS (Diluted)

$-10.72

YoY+62.8%

Auto Parts 4Less earned $-10.72 per diluted share (EPS) in fiscal year 2023. This represents an increase of 62.8% from the prior year.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$54K

YoY-88.4%

5Y CAGR-41.4%

10Y CAGR+50.3%

Auto Parts 4Less held $54K in cash against $80K in long-term debt as of fiscal year 2023.

Dividends Per Share

N/A

Shares Outstanding

YoY+77.6%

Auto Parts 4Less had 3M shares outstanding in fiscal year 2023. This represents an increase of 77.6% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

N/A

Return on Equity

N/A

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$1K

YoY-97.4%

5Y CAGR-64.6%

Auto Parts 4Less invested $1K in capex in fiscal year 2023, funding long-term assets and infrastructure. This represents a decrease of 97.4% from the prior year.

FLES Income Statement

Metric	FY23	FY22	FY21	FY20	FY19	FY18
Revenue	N/A	$11.0M+34.8%	$8.2M-0.2%	$8.2M-1.5%	$8.3M+18.9%	$7.0M
Cost of Revenue	N/A	$9.5M+41.1%	$6.7M+6.9%	$6.3M+2.6%	$6.1M+2.7%	$6.0M
Gross Profit	$740K-52.2%	$1.5M+5.9%	$1.5M-23.6%	$1.9M-13.0%	$2.2M+112.9%	$1.0M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	$3.0M+265.6%	$829K-9.5%	$916K+179.2%	$328K+6.2%	$309K
Operating Income	N/A	-$7.5M-248.2%	-$2.1M-15.6%	-$1.9M-87.1%	-$991K-247.6%	-$285K
Interest Expense	N/A	$1.4M+139.1%	$569K-49.7%	$1.1M+400.5%	$226K+2884.1%	$8K
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	-$8.1M-779.7%	$1.2M+130.6%	-$3.9M+52.3%	-$8.1M-2687.9%	-$291K
EPS (Diluted)	$-10.72+62.8%	$-28.85-690.4%	$-3.65	$-44.83	N/A	N/A

Metric	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22
Revenue	$144K+142.1%	$59K-56.4%	$136K	N/A	$1.0M-24.1%	$1.3M-22.5%	$1.7M+8.9%	$1.6M
Cost of Revenue	$38K+92.6%	$20K+46.7%	$13K	N/A	$847K-13.7%	$982K-33.1%	$1.5M-41.2%	$2.5M
Gross Profit	$106K+166.4%	$40K-67.6%	$123K	N/A	$171K-52.4%	$359K+37.2%	$262K+128.9%	-$907K
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$181K-32.9%	$269K+82.9%	$147K	N/A	$251K-88.8%	$2.2M+532.9%	$354K+2.4%	$346K
Operating Income	-$254K+38.3%	-$412K-1.4%	-$407K	N/A	-$839K+69.2%	-$2.7M-167.0%	-$1.0M+63.1%	-$2.8M
Interest Expense	$731K-29.7%	$1.0M+34.0%	$776K	N/A	$1.2M+46.1%	$812K+58.0%	$514K-23.4%	$671K
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	-$4.1M+24.9%	-$5.5M-112.1%	-$2.6M+18.5%	-$3.2M
EPS (Diluted)	$-0.28+74.5%	$-1.10+20.9%	$-1.39	N/A	$-2.29+34.9%	$-3.52-82.4%	$-1.93	N/A

FLES Balance Sheet

Metric	FY23	FY22	FY21	FY20	FY19	FY18
Total Assets	$395K-70.2%	$1.3M-43.4%	$2.3M+92.1%	$1.2M+2.0%	$1.2M+3.6%	$1.2M
Current Assets	$121K-86.5%	$899K-48.9%	$1.8M+170.7%	$651K+24.5%	$522K+15.1%	$454K
Cash & Equivalents	$54K-88.4%	$461K-65.7%	$1.3M+613.1%	$188K+32.6%	$142K-81.7%	$776K
Inventory	$45K-88.6%	$399K+29.7%	$308K-24.5%	$407K+34.3%	$303K+3.4%	$293K
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$24.3M+110.8%	$11.5M+72.2%	$6.7M-17.7%	$8.1M-4.3%	$8.5M+544.7%	$1.3M
Current Liabilities	$23.3M+123.0%	$10.4M+133.7%	$4.5M-34.8%	$6.8M-5.1%	$7.2M	N/A
Long-Term Debt	$80K-26.8%	$109K-89.3%	$1.0M+1339.8%	$71K+73.2%	$41K-8.6%	$45K
Total Equity	-$23.9M-134.3%	-$10.2M-134.2%	-$4.4M+37.0%	-$6.9M+5.3%	-$7.3M-4268.1%	-$167K
Retained Earnings	-$49.1M-58.2%	-$31.0M-48.2%	-$20.9M-2.8%	-$20.4M-4.5%	-$19.5M-10.2%	-$17.7M

Metric	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22
Total Assets	$253K-6.7%	$272K-31.2%	$395K-3.2%	$408K-31.7%	$597K-37.5%	$956K-27.7%	$1.3M+28.6%	$1.0M
Current Assets	$89K+1.3%	$88K-27.6%	$121K+23.9%	$98K-61.3%	$253K-55.9%	$573K-36.3%	$899K+59.3%	$565K
Cash & Equivalents	$12K-66.4%	$37K-30.8%	$54K+1033.9%	$5K-89.7%	$46K-68.4%	$145K-68.4%	$461K+494.9%	$77K
Inventory	$33K+7.9%	$31K-31.8%	$45K-9.4%	$50K-64.9%	$142K-51.0%	$290K-27.2%	$399K-7.8%	$433K
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$28.2M+4.2%	$27.0M+11.3%	$24.3M+11.4%	$21.8M+31.5%	$16.6M+22.1%	$13.6M+17.9%	$11.5M+15.1%	$10.0M
Current Liabilities	$27.2M+4.4%	$26.1M+12.0%	$23.3M+12.0%	$20.8M+33.7%	$15.5M+24.1%	$12.5M+20.1%	$10.4M+17.3%	$8.9M
Long-Term Debt	$40K-9.0%	$44K-45.4%	$80K-8.8%	$87K-8.7%	$96K-4.3%	$100K-8.1%	$109K-6.0%	$116K
Total Equity	-$27.9M-4.3%	-$26.8M-12.0%	-$23.9M-11.7%	-$21.4M-33.8%	-$16.0M-26.6%	-$12.6M-23.8%	-$10.2M-13.5%	-$9.0M
Retained Earnings	-$53.4M-2.6%	-$52.1M-6.0%	-$49.1M-6.2%	-$46.2M-13.7%	-$40.7M-11.3%	-$36.5M-17.7%	-$31.0M-9.1%	-$28.5M

FLES Cash Flow Statement

Metric	FY23	FY22	FY21	FY20	FY19	FY18
Operating Cash Flow	N/A	-$6.3M-637.4%	-$860K+25.5%	-$1.2M-72.5%	-$669K-442.7%	-$123K
Capital Expenditures	$1K-97.4%	$44K	N/A	$17K-72.3%	$61K-70.7%	$207K
Free Cash Flow	N/A	-$6.4M	N/A	-$1.2M-60.5%	-$730K-121.2%	-$330K
Investing Cash Flow	-$1K+93.8%	-$19K-290.4%	$10K-91.1%	$109K+293.1%	-$56K+71.3%	-$197K
Financing Cash Flow	N/A	$6.2M+537.8%	$966K-15.9%	$1.1M+182.0%	$407K+12.5%	$362K
Dividends Paid	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

Metric	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22
Operating Cash Flow	-$77K+85.7%	-$536K-25.5%	-$427K+2.7%	-$439K-8.2%	-$406K+67.9%	-$1.3M+26.6%	-$1.7M+13.6%	-$2.0M
Capital Expenditures	N/A	N/A	N/A	$0	$0	$0-100.0%	$1K	$0
Free Cash Flow	N/A	N/A	N/A	-$439K-8.2%	-$406K+67.9%	-$1.3M+26.7%	-$1.7M+13.5%	-$2.0M
Investing Cash Flow	N/A	N/A	N/A	$0	$0	$0+100.0%	-$1K	$0
Financing Cash Flow	$40K-92.2%	$520K+9.1%	$476K+19.7%	$398K+29.8%	$307K-67.7%	$951K-55.0%	$2.1M+22.4%	$1.7M
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

FLES Financial Ratios

Metric	FY23	FY22	FY21	FY20	FY19	FY18
Gross Margin	N/A	14.0%-3.8pp	17.9%-5.5pp	23.3%-3.1pp	26.4%+11.7pp	14.8%
Operating Margin	N/A	-67.7%-41.5pp	-26.2%-3.6pp	-22.6%-10.7pp	-11.9%-7.8pp	-4.1%
Net Margin	N/A	-73.2%-87.8pp	14.5%+61.9pp	-47.4%+50.4pp	-97.8%-93.6pp	-4.2%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	-610.2%-661.0pp	50.8%+369.9pp	-319.0%+362.8pp	-681.8%-656.5pp	-25.3%
Current Ratio	0.01-0.1	0.09-0.3	0.39+0.3	0.10+0.0	0.07	N/A
Debt-to-Equity	-0.000.0	-0.01+0.2	-0.23-0.2	-0.010.0	-0.01+0.3	-0.27
FCF Margin	N/A	-57.9%	N/A	-14.3%-5.5pp	-8.8%-4.1pp	-4.7%

Metric	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22
Gross Margin	73.8%+6.7pp	67.1%-23.1pp	90.2%	N/A	16.8%-10.0pp	26.8%+11.7pp	15.1%+72.2pp	-57.1%
Operating Margin	-176.9%+517.7pp	-694.7%-395.9pp	-298.8%	N/A	-82.4%+120.9pp	-203.3%-144.2pp	-59.0%+115.0pp	-174.0%
Net Margin	N/A	N/A	N/A	N/A	-405.9%+4.5pp	-410.3%-260.4pp	-150.0%+50.3pp	-200.3%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	-691.8%-116.3pp	-575.5%-379.4pp	-196.2%+113.4pp	-309.5%
Current Ratio	0.000.0	0.000.0	0.010.0	0.00-0.0	0.02-0.0	0.05-0.0	0.09+0.0	0.06
Debt-to-Equity	-0.000.0	-0.000.0	-0.000.0	-0.000.0	-0.010.0	-0.010.0	-0.010.0	-0.01
FCF Margin	N/A	N/A	N/A	N/A	-39.9%+54.5pp	-94.4%+5.4pp	-99.8%+25.8pp	-125.7%

Note: Shareholder equity is negative (-$23.9M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.

Note: The current ratio is below 1.0 (0.01), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

How much debt does Auto Parts 4Less have?

As of fiscal year 2023, Auto Parts 4Less (FLES) had $54K in cash and equivalents against $80K in long-term debt.

What are Auto Parts 4Less's total assets?

Auto Parts 4Less (FLES) had $395K in total assets as of fiscal year 2023, including both current and long-term assets.

What are Auto Parts 4Less's capital expenditures?

Auto Parts 4Less (FLES) invested $1K in capital expenditures during fiscal year 2023, funding long-term assets and infrastructure.

How many shares does Auto Parts 4Less have outstanding?

Auto Parts 4Less (FLES) had 3M shares outstanding as of fiscal year 2023.

What is Auto Parts 4Less's current ratio?

Auto Parts 4Less (FLES) had a current ratio of 0.01 as of fiscal year 2023, which is below 1.0, which may suggest potential liquidity concerns.

What is Auto Parts 4Less's debt-to-equity ratio?

Auto Parts 4Less (FLES) had a debt-to-equity ratio of -0.00 as of fiscal year 2023, measuring the company's financial leverage by comparing total debt to shareholder equity.

Why is Auto Parts 4Less's debt-to-equity ratio negative or unusual?

Auto Parts 4Less (FLES) has negative shareholder equity of -$23.9M as of fiscal year 2023, 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.

How financially healthy is Auto Parts 4Less?

Auto Parts 4Less (FLES) scores 0 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.