New Asia Hldgs Inc Financials

NAHD

Source SEC Filings (10-K/10-Q) Updated Jun 30, 2024 Currency USD FYE December

Financial Health Signals

Piotroski F-Score Weak

2/9

New Asia Hldgs Inc passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass.

Earnings Quality Low Quality

0.48x

For every $1 of reported earnings, New Asia Hldgs Inc generates $0.48 in operating cash flow (-$91K OCF vs -$188K net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

This page shows New Asia Hldgs Inc (NAHD) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 14 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).

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Key Financial Metrics

Revenue

N/A

EBITDA

N/A

Free Cash Flow

N/A

Net Income

-$188K

YoY-21.7%

New Asia Hldgs Inc reported -$188K in net income in fiscal year 2023. This represents a decrease of 21.7% from the prior year.

EPS (Diluted)

N/A

Cash & Debt

$2K

YoY-80.9%

5Y CAGR-42.0%

10Y CAGR-15.9%

New Asia Hldgs Inc held $2K in cash against $0 in long-term debt as of fiscal year 2023.

Dividends Per Share

N/A

Shares Outstanding

75M

YoY+0.0%

5Y CAGR+0.8%

New Asia Hldgs Inc had 75M shares outstanding in fiscal year 2023. This represents an increase of 0.0% from the prior year.

Gross Margin

N/A

Operating Margin

N/A

Net Margin

N/A

Return on Equity

N/A

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

NAHD Income Statement

Metric	FY23	FY22	FY21	FY20	FY19	FY18
Revenue	N/A	N/A	N/A	N/A	$0-100.0%	$76
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	$67K-2.7%	$69K+1.7%	$68K+0.2%	$67K-23.1%	$88K+34.3%	$65K
Operating Income	-$195K-26.6%	-$154K-0.2%	-$154K+19.1%	-$190K-5.6%	-$180K-23.5%	-$146K
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$0	$0	$0	$0	$0	$0
Net Income	-$188K-21.7%	-$154K-0.2%	-$154K+19.1%	-$190K-5.6%	-$180K-23.5%	-$146K
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q2'24	Q2'23	Q3'23	Q4'22	Q3'22	Q4'21	Q3'21	Q4'20
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	$0	$0	$0	N/A	$0	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	$8K-54.1%	$17K-8.3%	$19K	N/A	$17K	N/A	$16K	N/A
Operating Income	-$71K-57.1%	-$45K-22.4%	-$37K	N/A	-$33K	N/A	-$34K	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$0	$0	$0	N/A	$0	N/A	$0	N/A
Net Income	-$71K-57.1%	-$45K-22.4%	-$37K	N/A	-$33K	N/A	-$34K	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

NAHD Balance Sheet

Metric	FY23	FY22	FY21	FY20	FY19	FY18
Total Assets	$16K-31.4%	$23K-68.1%	$72K-65.9%	$212K+503.3%	$35K-16.6%	$42K
Current Assets	$16K-31.6%	$23K-68.2%	$72K-65.9%	$211K+506.1%	$35K-16.7%	$42K
Cash & Equivalents	$2K-80.9%	$10K-83.0%	$58K-71.1%	$200K+739.3%	$24K-16.6%	$29K
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	$1.4M+13.7%	$1.2M+9.6%	$1.1M+1.4%	$1.1M+15.8%	$928K+22.9%	$755K
Current Liabilities	$1.4M+13.7%	$1.2M+9.6%	$1.1M+1.4%	$1.1M+15.8%	$928K+22.9%	$755K
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	-$1.3M-14.6%	-$1.2M-15.2%	-$1.0M-17.9%	-$863K+3.4%	-$893K-25.2%	-$713K
Retained Earnings	-$12.8M-1.5%	-$12.6M-1.2%	-$12.5M-1.2%	-$12.3M-1.6%	-$12.1M-1.5%	-$12.0M

Metric	Q2'24	Q2'23	Q3'23	Q4'22	Q3'22	Q4'21	Q3'21	Q4'20
Total Assets	$20K+26.5%	$16K-31.7%	$23K+0.6%	$23K+27.2%	$18K-74.9%	$72K-21.1%	$91K-56.8%	$212K
Current Assets	$20K+26.9%	$16K-32.0%	$23K+0.6%	$23K+27.5%	$18K-75.1%	$72K-21.1%	$91K-56.8%	$211K
Cash & Equivalents	$13K+611.3%	$2K-90.9%	$21K+109.8%	$10K-37.0%	$16K-73.0%	$58K-34.2%	$88K-56.1%	$200K
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	$1.5M+8.5%	$1.4M+3.1%	$1.3M+10.3%	$1.2M+3.3%	$1.2M+6.2%	$1.1M+1.3%	$1.1M0.0%	$1.1M
Current Liabilities	$1.5M+8.5%	$1.4M+3.1%	$1.3M+10.3%	$1.2M+3.3%	$1.2M+6.2%	$1.1M+1.3%	$1.1M0.0%	$1.1M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	-$1.5M-8.3%	-$1.3M-3.8%	-$1.3M-10.5%	-$1.2M-2.9%	-$1.1M-11.9%	-$1.0M-3.4%	-$984K-14.0%	-$863K
Retained Earnings	-$12.9M-0.9%	-$12.8M-0.4%	-$12.8M-1.1%	-$12.6M-0.3%	-$12.6M-1.0%	-$12.5M-0.3%	-$12.5M-1.0%	-$12.3M

NAHD Cash Flow Statement

Metric	FY23	FY22	FY21	FY20	FY19	FY18
Operating Cash Flow	-$91K-17.7%	-$77K+25.4%	-$103K+16.5%	-$124K+4.5%	-$130K-20.2%	-$108K
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	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	$83K+183.7%	$29K+175.6%	-$39K-112.9%	$300K+140.2%	$125K+58.1%	$79K
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	Q2'24	Q2'23	Q3'23	Q4'22	Q3'22	Q4'21	Q3'21	Q4'20
Operating Cash Flow	-$28K+24.6%	-$38K-132.6%	-$16K+46.7%	-$30K-171.6%	-$11K+62.9%	-$30K-78.5%	-$17K+42.3%	-$29K
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	N/A
Financing Cash Flow	$40K+110.4%	$19K+40.7%	$14K-44.9%	$25K+854.3%	-$3K	$0	$0-100.0%	$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

NAHD Financial Ratios

Metric	FY23	FY22	FY21	FY20	FY19	FY18
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	-191773.7%
Net Margin	N/A	N/A	N/A	N/A	N/A	-191773.7%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-1184.9%-516.8pp	-668.0%-455.1pp	-213.0%-123.1pp	-89.9%+423.4pp	-513.3%-166.6pp	-346.7%
Current Ratio	0.010.0	0.02-0.0	0.07-0.1	0.20+0.2	0.04-0.0	0.06
Debt-to-Equity	-1.010.0	-1.02+0.1	-1.07+0.2	-1.25-0.2	-1.04+0.0	-1.06
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q2'24	Q2'23	Q3'23	Q4'22	Q3'22	Q4'21	Q3'21	Q4'20
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	-353.4%-200.9pp	-152.6%+6.1pp	-158.7%	N/A	-180.7%	N/A	-36.9%	N/A
Current Ratio	0.010.0	0.010.0	0.020.0	0.020.0	0.02-0.1	0.07-0.0	0.08-0.1	0.20
Debt-to-Equity	-1.010.0	-1.010.0	-1.020.0	-1.020.0	-1.02+0.1	-1.07+0.0	-1.09+0.2	-1.25
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Note: Shareholder equity is negative (-$1.3M), 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

Is New Asia Hldgs Inc profitable?

No, New Asia Hldgs Inc (NAHD) reported a net income of -$188K in fiscal year 2023.

What is New Asia Hldgs Inc's operating cash flow?

New Asia Hldgs Inc (NAHD) generated -$91K in operating cash flow during fiscal year 2023, representing cash generated from core business activities.

What are New Asia Hldgs Inc's total assets?

New Asia Hldgs Inc (NAHD) had $16K in total assets as of fiscal year 2023, including both current and long-term assets.

How many shares does New Asia Hldgs Inc have outstanding?

New Asia Hldgs Inc (NAHD) had 75M shares outstanding as of fiscal year 2023.

What is New Asia Hldgs Inc's current ratio?

New Asia Hldgs Inc (NAHD) 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 New Asia Hldgs Inc's debt-to-equity ratio?

New Asia Hldgs Inc (NAHD) had a debt-to-equity ratio of -1.01 as of fiscal year 2023, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is New Asia Hldgs Inc's return on assets (ROA)?

New Asia Hldgs Inc (NAHD) had a return on assets of -1184.9% for fiscal year 2023, measuring how efficiently the company uses its assets to generate profit.

What is New Asia Hldgs Inc's cash runway?

Based on fiscal year 2023 data, New Asia Hldgs Inc (NAHD) had $2K in cash against an annual operating cash burn of $91K. This gives an estimated cash runway of approximately 0 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 New Asia Hldgs Inc's debt-to-equity ratio negative or unusual?

New Asia Hldgs Inc (NAHD) has negative shareholder equity of -$1.3M 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.

What is New Asia Hldgs Inc's Piotroski F-Score?

New Asia Hldgs Inc (NAHD) 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are New Asia Hldgs Inc's earnings high quality?

New Asia Hldgs Inc (NAHD) has an earnings quality ratio of 0.48x, 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.