What is HIGHCLIFF METALS CORP's earnings per share (EPS)?

HIGHCLIFF METALS CORP (IMAHF) reported diluted earnings per share of $-0.01 for fiscal year 2022. This represents a 80.0% 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.

HIGHCLIFF METALS CORP Financials

IMAHF

Source SEC Filings (10-K/10-Q) Data as of Jan 31, 2023 Currency USD FYE April

This page shows HIGHCLIFF METALS CORP (IMAHF) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 9 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 HIGHCLIFF METALS CORP'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.

Earnings Quality Low Quality

0.88x

For every $1 of reported earnings, HIGHCLIFF METALS CORP generates $0.88 in operating cash flow (-$1.2M OCF vs -$1.4M 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

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Earnings & Revenue

Revenue

N/A

EBITDA

N/A

Net Income

-$1.4M

YoY+72.3%

HIGHCLIFF METALS CORP reported -$1.4M in net income in fiscal year 2022. This represents an increase of 72.3% from the prior year.

EPS (Diluted)

$-0.01

YoY+80.0%

HIGHCLIFF METALS CORP earned $-0.01 per diluted share (EPS) in fiscal year 2022. This represents an increase of 80.0% from the prior year.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$165K

YoY+174.7%

5Y CAGR+29.5%

HIGHCLIFF METALS CORP held $165K in cash against $0 in long-term debt as of fiscal year 2022.

Dividends Per Share

N/A

Shares Outstanding

N/A

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

N/A

IMAHF Income Statement

Metric	FY22	FY21	FY20	FY19	FY18	FY17
Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$203K+0.1%	$203K+0.4%	$202K+3.4%	$195K-6.1%	$208K-34.9%	$319K
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$104K-97.2%	$3.7M+19.1%	$3.1M+34.7%	$2.3M+21.1%	$1.9M+21.5%	$1.6M
Income Tax	-$366K+72.3%	-$1.3M+4.3%	-$1.4M-37.9%	-$1.0M-41.7%	-$707K+48.3%	-$1.4M
Net Income	-$1.4M+72.3%	-$4.9M+4.3%	-$5.1M-37.9%	-$3.7M-38.2%	-$2.7M	N/A
EPS (Diluted)	$-0.01+80.0%	$-0.050.0%	$-0.05-25.0%	$-0.04-33.3%	$-0.03+50.0%	$-0.06

Metric	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22	Q2'22	Q1'22	Q4'21
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$24K-5.6%	$25K-49.7%	$50K	N/A	$26K+4.5%	$25K-52.4%	$52K	N/A
Operating Income	-$157K	N/A	N/A	N/A	-$90K	N/A	N/A	N/A
Interest Expense	$20K+80.0%	$11K-94.5%	$204K	N/A	$11K+224.1%	$3K-95.1%	$71K	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	-$480K-42.3%	-$337K+29.2%	-$476K-44.3%	-$330K-10.1%	-$300K+4.7%	-$315K+23.4%	-$411K+66.9%	-$1.2M
EPS (Diluted)	$0.00	$0.00+100.0%	$-0.01	N/A	$0.00	$0.00	$0.00	N/A

IMAHF Balance Sheet

Metric	FY22	FY21	FY20	FY19	FY18	FY17
Total Assets	$2.1M+3.5%	$2.1M-5.6%	$2.2M+6.1%	$2.1M+30.3%	$1.6M+154.0%	$625K
Current Assets	$211K+89.0%	$112K-57.7%	$264K+99.0%	$133K-40.7%	$224K+96.3%	$114K
Cash & Equivalents	$165K+174.7%	$60K-72.6%	$219K+192.0%	$75K-55.8%	$170K+275.4%	$45K
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$24K+171.0%	$9K+26.7%	$7K-13.4%	$8K-1.6%	$8K-8.7%	$9K
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$36.8M+4.2%	$35.3M+13.7%	$31.0M+23.1%	$25.2M+20.9%	$20.9M+21.5%	$17.2M
Current Liabilities	N/A	$35.3M+16.1%	$30.4M+20.5%	$25.2M+17644.3%	$142K-99.2%	$17.0M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	-$34.6M-4.3%	-$33.2M-15.2%	-$28.8M-24.6%	-$23.2M-20.1%	-$19.3M-16.4%	-$16.5M
Retained Earnings	-$55.7M-2.6%	-$54.3M-10.2%	-$49.3M-11.4%	-$44.2M-10.3%	-$40.1M-7.8%	-$37.2M

Metric	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22	Q2'22	Q1'22	Q4'21
Total Assets	$2.0M-0.7%	$2.0M-4.7%	$2.1M+6.7%	$2.0M-2.3%	$2.1M+2.1%	$2.0M-2.8%	$2.1M-3.6%	$2.1M
Current Assets	N/A	N/A	$211K+206.5%	$69K-36.7%	$109K+81.3%	$60K-46.2%	$112K-38.8%	$182K
Cash & Equivalents	$21K-41.5%	$35K-78.6%	$165K+705.0%	$20K-55.9%	$46K+167.7%	$17K-71.1%	$60K-45.8%	$111K
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$10K-23.8%	$14K-42.0%	$24K+21.3%	$20K+18.8%	$16K+27.7%	$13K+47.3%	$9K+50.6%	$6K
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$37.5M+1.3%	$37.0M+0.6%	$36.8M+1.7%	$36.2M+0.8%	$35.9M+1.0%	$35.6M+0.7%	$35.3M+1.0%	$35.0M
Current Liabilities	N/A	N/A	N/A	$36.2M+0.8%	$35.9M+1.0%	$35.6M+0.7%	$35.3M+1.0%	$35.0M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	-$35.5M-1.4%	-$35.0M-1.0%	-$34.6M-1.4%	-$34.2M-1.0%	-$33.8M-0.9%	-$33.5M-0.9%	-$33.2M-1.3%	-$32.8M
Retained Earnings	-$56.6M-0.9%	-$56.1M-0.6%	-$55.7M-0.9%	-$55.3M-0.6%	-$54.9M-0.5%	-$54.6M-0.6%	-$54.3M-0.8%	-$53.9M

IMAHF Cash Flow Statement

Metric	FY22	FY21	FY20	FY19	FY18	FY17
Operating Cash Flow	-$1.2M-0.3%	-$1.2M+35.9%	-$1.9M-31.4%	-$1.4M-19.6%	-$1.2M+49.7%	-$2.3M
Capital Expenditures	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
Investing Cash Flow	N/A	-$879+96.2%	-$23K+97.2%	-$834K-15.6%	-$721K-21742.5%	-$3K
Financing Cash Flow	$1.1M+15.8%	$950K-52.0%	$2.0M-12.8%	$2.3M+24.4%	$1.8M-27.1%	$2.5M
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	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22	Q2'22	Q1'22	Q4'21
Operating Cash Flow	-$367K-33.7%	-$274K+2.3%	-$281K-1.7%	-$276K+20.2%	-$346K-29.3%	-$268K+11.0%	-$301K-5.9%	-$284K
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	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$0
Financing Cash Flow	$360K+140.0%	$150K-64.7%	$425K+70.0%	$250K-33.3%	$375K+66.7%	$225K-10.0%	$250K+25.0%	$200K
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

IMAHF Financial Ratios

Metric	FY22	FY21	FY20	FY19	FY18	FY17
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	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
Return on Assets	-63.2%+173.3pp	-236.5%-3.4pp	-233.1%-53.8pp	-179.3%-10.2pp	-169.1%	N/A
Current Ratio	N/A	0.000.0	0.010.0	0.01-1.6	1.57+1.6	0.01
Debt-to-Equity	-1.060.0	-1.06+0.0	-1.08+0.0	-1.090.0	-1.08-0.0	-1.04
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22	Q2'22	Q1'22	Q4'21
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	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	-23.6%-7.2pp	-16.5%+5.7pp	-22.2%-5.8pp	-16.4%-1.8pp	-14.6%+1.0pp	-15.6%+4.2pp	-19.8%+37.9pp	-57.7%
Current Ratio	N/A	N/A	N/A	0.000.0	0.000.0	0.000.0	0.000.0	0.01
Debt-to-Equity	-1.060.0	-1.060.0	-1.060.0	-1.060.0	-1.060.0	-1.060.0	-1.060.0	-1.07
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Note: Shareholder equity is negative (-$34.6M), 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.

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Frequently Asked Questions

Is HIGHCLIFF METALS CORP profitable?

No, HIGHCLIFF METALS CORP (IMAHF) reported a net income of -$1.4M in fiscal year 2022.

What is HIGHCLIFF METALS CORP's operating cash flow?

HIGHCLIFF METALS CORP (IMAHF) generated -$1.2M in operating cash flow during fiscal year 2022, representing cash generated from core business activities.

What are HIGHCLIFF METALS CORP's total assets?

HIGHCLIFF METALS CORP (IMAHF) had $2.1M in total assets as of fiscal year 2022, including both current and long-term assets.

What is HIGHCLIFF METALS CORP's debt-to-equity ratio?

HIGHCLIFF METALS CORP (IMAHF) had a debt-to-equity ratio of -1.06 as of fiscal year 2022, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is HIGHCLIFF METALS CORP's return on assets (ROA)?

HIGHCLIFF METALS CORP (IMAHF) had a return on assets of -63.2% for fiscal year 2022, measuring how efficiently the company uses its assets to generate profit.

What is HIGHCLIFF METALS CORP's cash runway?

Based on fiscal year 2022 data, HIGHCLIFF METALS CORP (IMAHF) had $165K in cash against an annual operating cash burn of $1.2M. This gives an estimated cash runway of approximately 2 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.

Why is HIGHCLIFF METALS CORP's debt-to-equity ratio negative or unusual?

HIGHCLIFF METALS CORP (IMAHF) has negative shareholder equity of -$34.6M 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.

Are HIGHCLIFF METALS CORP's earnings high quality?

HIGHCLIFF METALS CORP (IMAHF) 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.