New Asia Hldgs Inc Financials

NAHD

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

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).

Rhea AI NAHD FY2023 2026-04-22

New Asia Holdings shows a shrinking asset base supporting a growing liability stack, so its economics hinge more on financing than operations.

By the latest filing, assets had fallen to $16K from $72K two years earlier. At the same time, liabilities rose to $1.36M from $1.09M, leaving even the reported current ratio deep in sub-1 territory and showing obligations are compounding while the resource base is evaporating.

Selling and administrative expense stayed near $68K and $67K across the last two reported years. Over that same span, cash dropped from $58K to $2K, implying overhead persistence rather than a cost base that flexes with available resources. Maintaining the corporate platform appears to be the main recurring use of cash.

Operating cash outflow improved from -$124K to -$77K between the last two years it was disclosed. But the balance sheet still weakened, so cash burn quality improved only at the margin and seems to have depended on periodic financing support. That means better cash burn did not translate into a sturdier balance sheet.

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 New Asia Hldgs 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.

Liquidity

New Asia Hldgs Inc'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)

N/A

Cash & Balance Sheet

Free Cash Flow

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.

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

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	N/A	N/A	-$154K+19.1%	-$190K	N/A	-$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	N/A	N/A	-$154K+19.1%	-$190K	N/A	-$146K
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22
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	N/A	$0	$0	$0	N/A	$0
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$8K+56.1%	$5K	N/A	$19K+9.1%	$17K+8.3%	$16K	N/A	$17K
Operating Income	-$71K-76.4%	-$40K	N/A	-$37K+18.3%	-$45K+21.2%	-$57K	N/A	-$33K
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$0	$0	N/A	$0	$0	$0	N/A	$0
Net Income	-$71K-76.4%	-$40K	N/A	-$37K+18.3%	-$45K+21.2%	-$57K	N/A	-$33K
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	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22
Total Assets	$20K+66.6%	$12K-24.0%	$16K-31.7%	$23K-21.5%	$30K+1.3%	$29K+26.4%	$23K+27.2%	$18K
Current Assets	$20K+67.7%	$12K-24.3%	$16K-32.0%	$23K-21.6%	$29K+1.3%	$29K+26.6%	$23K+27.5%	$18K
Cash & Equivalents	$13K+633.1%	$2K-3.0%	$2K-90.9%	$21K-11.9%	$23K+20.2%	$19K+98.0%	$10K-37.0%	$16K
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+5.6%	$1.4M+2.7%	$1.4M+3.1%	$1.3M+2.4%	$1.3M+3.7%	$1.2M+3.9%	$1.2M+3.3%	$1.2M
Current Liabilities	$1.5M+5.6%	$1.4M+2.7%	$1.4M+3.1%	$1.3M+2.4%	$1.3M+3.7%	$1.2M+3.9%	$1.2M+3.3%	$1.2M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	-$1.5M-5.1%	-$1.4M-3.0%	-$1.3M-3.8%	-$1.3M-2.9%	-$1.3M-3.7%	-$1.2M-3.5%	-$1.2M-2.9%	-$1.1M
Retained Earnings	-$12.9M-0.5%	-$12.9M-0.3%	-$12.8M-0.4%	-$12.8M-0.3%	-$12.7M-0.4%	-$12.7M-0.5%	-$12.6M-0.3%	-$12.6M

NAHD Cash Flow Statement

Metric	FY23	FY22	FY21	FY20	FY19	FY18
Operating Cash Flow	N/A	-$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	N/A	$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	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22
Operating Cash Flow	-$28K-18.1%	-$24K+36.2%	-$38K-132.6%	-$16K+48.5%	-$31K-482.1%	-$5K+82.2%	-$30K-171.6%	-$11K
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+66.6%	$24K+26.3%	$19K+40.7%	$14K-62.0%	$36K+136.7%	$15K-38.8%	$25K+854.3%	-$3K
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	N/A	N/A	-213.0%-123.1pp	-89.9%	N/A	-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	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22
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%-19.6pp	-333.8%	N/A	-158.7%-6.1pp	-152.6%+43.5pp	-196.1%	N/A	-180.7%
Current Ratio	0.010.0	0.010.0	0.010.0	0.020.0	0.020.0	0.020.0	0.020.0	0.02
Debt-to-Equity	-1.010.0	-1.010.0	-1.010.0	-1.020.0	-1.020.0	-1.020.0	-1.020.0	-1.02
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

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.

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.

How financially healthy is New Asia Hldgs Inc?

New Asia Hldgs Inc (NAHD) 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.