North Amer Frac Sand Inc Financials

NAFS

Source SEC Filings (10-K/10-Q) Updated Mar 31, 2018 Currency USD FYE December

This page shows North Amer Frac Sand Inc (NAFS) 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).

Rhea AI NAFS FY2017 2026-04-22

Cash flow appears balance-sheet-driven rather than earnings-driven, while liabilities kept accumulating despite smaller reported losses.

The key pattern is the break between net income and operating cash flow: FY2016 showed a -$1.67M loss but $1.49M of operating cash, then FY2017 narrowed the loss to -$243K while operating cash fell to just $105K. When cash improves as losses worsen and then weakens as losses shrink, the engine is usually balance-sheet movement rather than a steady operating turnaround.

FY2015 reinforces that reading: cash burn was externally covered, with operating cash flow of -$64K almost exactly matched by financing inflow of $64K. That suggests the business was not funding itself from operations even before the larger FY2016 swing.

The other persistent signal is liquidity pressure. Reported liabilities rose from $91.9K in FY2015 to $574K in FY2016 and $825K in FY2017, while reported cash was $0 in FY2016 and FY2017, so obligations appear to have grown faster than immediately available cash.

Financial Health Signals

Financial Profile 17/100

Based on FY2017 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 North Amer Frac Sand Inc'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.

Leverage

100

North Amer Frac Sand Inc carries a low D/E ratio of -1.00, meaning only $-1.00 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.

Earnings Quality Mixed

-0.43x

For every $1 of reported earnings, North Amer Frac Sand Inc generates $-0.43 in operating cash flow ($105K OCF vs -$243K net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Key Financial Metrics

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Earnings & Revenue

Revenue

N/A

EBITDA

N/A

Net Income

-$243K

YoY+85.5%

North Amer Frac Sand Inc reported -$243K in net income in fiscal year 2017. This represents an increase of 85.5% from the prior year.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

North Amer Frac Sand Inc held $0 in cash against $0 in long-term debt as of fiscal year 2017.

Dividends Per Share

N/A

Shares Outstanding

70M

YoY+23.1%

North Amer Frac Sand Inc had 70M shares outstanding in fiscal year 2017. This represents an increase of 23.1% 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

North Amer Frac Sand Inc invested $0 in research and development in fiscal year 2017.

Share Buybacks

N/A

Capital Expenditures

N/A

NAFS Income Statement

Metric	FY17	FY16	FY15	FY14	FY13	FY12
Revenue	N/A	N/A	N/A	N/A	N/A	$250
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	$0	$0	$0	$0	$0	N/A
SG&A Expenses	$285-98.0%	$14K+238.5%	$4K	N/A	N/A	$3K
Operating Income	N/A	N/A	-$64K-66.0%	-$39K	N/A	N/A
Interest Expense	$15K+14.8%	$13K	N/A	N/A	N/A	$11K
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	-$243K+85.5%	-$1.7M-2454.3%	-$65K+99.5%	-$13.8M	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'18	Q4'17	Q3'17	Q2'17	Q1'17	Q4'16	Q3'16	Q2'16
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	$0	N/A	N/A	N/A	$0	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	$355+373.3%	$75	N/A	$2K+252.5%	$674
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	-$72K	N/A
Interest Expense	$2K	N/A	$2K+257.8%	-$1K-161.0%	$2K	N/A	$5K	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	-$35K	N/A	-$51K+50.7%	-$103K-106.2%	-$50K	N/A	-$1.6M	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	$-0.02	N/A

NAFS Balance Sheet

Metric	FY17	FY16	FY15	FY14	FY13	FY12
Total Assets	$0	$0+100.0%	-$1	$0-100.0%	$712-99.5%	$134K
Current Assets	N/A	$0	$0	$0-100.0%	$712-98.8%	$59K
Cash & Equivalents	$0	$0	$0-100.0%	$688-3.4%	$712-94.4%	$13K
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
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	$825K+43.8%	$574K+524.6%	$92K+247.2%	$26K+65.3%	$16K+117.4%	$7K
Current Liabilities	$825K+43.8%	$574K+524.6%	$92K+247.2%	$26K+65.3%	$16K+117.4%	$7K
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	-$825K-43.8%	-$574K-524.6%	-$92K-247.2%	-$26K-73.0%	-$15K-112.1%	$126K
Retained Earnings	-$36.4M-0.7%	-$36.2M-4.8%	-$34.5M-0.2%	-$34.4M-66.7%	-$20.7M-0.6%	-$20.5M

Metric	Q1'18	Q4'17	Q3'17	Q2'17	Q1'17	Q4'16	Q3'16	Q2'16
Total Assets	$0	$0	$0	$0	$0	$0	$0-100.0%	$11K
Current Assets	N/A	N/A	N/A	N/A	N/A	$0	$0	N/A
Cash & Equivalents	N/A	$0	N/A	N/A	N/A	$0	$0	N/A
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
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	$857K+3.9%	$825K+4.6%	$789K+7.7%	$732K+17.1%	$625K+8.9%	$574K+17.9%	$487K+101.0%	$242K
Current Liabilities	$857K+3.9%	$825K+4.6%	$789K+7.7%	$732K+17.1%	$625K+8.9%	$574K+17.9%	$487K+101.0%	$242K
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	-$857K-3.9%	-$825K-4.6%	-$789K-7.7%	-$732K-17.1%	-$625K-8.9%	-$574K-17.9%	-$487K-110.5%	-$231K
Retained Earnings	-$36.5M-0.1%	-$36.4M-0.1%	-$36.4M-0.1%	-$36.3M-0.3%	-$36.2M-0.1%	-$36.2M+0.2%	-$36.3M-4.7%	-$34.6M

NAFS Cash Flow Statement

Metric	FY17	FY16	FY15	FY14	FY13	FY12
Operating Cash Flow	$105K-92.9%	$1.5M+2430.4%	-$64K-5223.8%	-$1K	N/A	-$12K
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	-$1.4M	N/A	N/A	N/A	N/A
Financing Cash Flow	-$97K-55.5%	-$62K-197.1%	$64K+12959.6%	$490	N/A	$24K
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	Q1'18	Q4'17	Q3'17	Q2'17	Q1'17	Q4'16	Q3'16	Q2'16
Operating Cash Flow	$1K-98.8%	$95K+1485.4%	$6K-31.9%	$9K+297.5%	-$4K-102.5%	$179K-86.8%	$1.4M+3588.3%	-$39K
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	-$5K+99.7%	-$1.4M	N/A
Financing Cash Flow	-$1K+98.8%	-$97K	N/A	N/A	$4K+102.6%	-$174K-438.6%	$51K+3.0%	$50K
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

NAFS Financial Ratios

Metric	FY17	FY16	FY15	FY14	FY13	FY12
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	-313.0%	N/A	N/A
Return on Assets	N/A	N/A	6541700.0%	N/A	N/A	N/A
Current Ratio	N/A	0.000.0	0.000.0	0.00-0.0	0.04-7.9	7.99
Debt-to-Equity	-1.000.0	-1.000.0	-1.000.0	-1.00+0.0	-1.05-1.1	0.06
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'18	Q4'17	Q3'17	Q2'17	Q1'17	Q4'16	Q3'16	Q2'16
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	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	N/A	N/A	N/A	N/A	N/A	0.000.0	0.00	N/A
Debt-to-Equity	-1.000.0	-1.000.0	-1.000.0	-1.000.0	-1.000.0	-1.000.0	-1.00+0.0	-1.05
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Note: Shareholder equity is negative (-$825K), 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 North Amer Frac Sand Inc profitable?

No, North Amer Frac Sand Inc (NAFS) reported a net income of -$243K in fiscal year 2017.

What is North Amer Frac Sand Inc's operating cash flow?

North Amer Frac Sand Inc (NAFS) generated $105K in operating cash flow during fiscal year 2017, representing cash generated from core business activities.

What are North Amer Frac Sand Inc's total assets?

North Amer Frac Sand Inc (NAFS) had $0 in total assets as of fiscal year 2017, including both current and long-term assets.

How many shares does North Amer Frac Sand Inc have outstanding?

North Amer Frac Sand Inc (NAFS) had 70M shares outstanding as of fiscal year 2017.

What is North Amer Frac Sand Inc's debt-to-equity ratio?

North Amer Frac Sand Inc (NAFS) had a debt-to-equity ratio of -1.00 as of fiscal year 2017, measuring the company's financial leverage by comparing total debt to shareholder equity.

Why is North Amer Frac Sand Inc's debt-to-equity ratio negative or unusual?

North Amer Frac Sand Inc (NAFS) has negative shareholder equity of -$825K as of fiscal year 2017, 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 North Amer Frac Sand Inc's earnings high quality?

North Amer Frac Sand Inc (NAFS) has an earnings quality ratio of -0.43x, 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.

How financially healthy is North Amer Frac Sand Inc?

North Amer Frac Sand Inc (NAFS) scores 17 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.