NEW CENTY LOGISTICS BVI LTD Financials
This page shows NEW CENTY LOGISTICS BVI LTD (NCEW) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 4 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).
FY2025 exposed how little buffer a receivable-heavy, low-gross-margin model has when gross margin falls to 0.4% .
Cash ended FY2025 at$646K , almost unchanged from the prior year's level. But that stability came from financing inflow of$3.8M , not operations. Even after receivables fell by about$1.5M , operating cash flow was still-$3.4M . That links the income-statement collapse to the balance sheet: collecting customers helped, yet the core business still consumed cash.
The current ratio of 1.5x flatters liquidity because cash was only
FY2025 was not just a sales dip: gross margin compression from
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of NEW CENTY LOGISTICS BVI LTD'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.
NEW CENTY LOGISTICS BVI LTD has an operating margin of -24.6%, meaning the company retains $-25 of operating profit per $100 of revenue. This below-average margin results in a low score of 18/100, suggesting thin profitability after operating expenses. This is down from 0.9% the prior year.
NEW CENTY LOGISTICS BVI LTD's revenue declined 15.5% year-over-year, from $52.2M to $44.1M. This contraction results in a growth score of 66/100.
NEW CENTY LOGISTICS BVI LTD has a moderate D/E ratio of 1.76. This balance of debt and equity financing earns a leverage score of 33/100.
NEW CENTY LOGISTICS BVI LTD's current ratio of 1.47 indicates adequate short-term liquidity, earning a score of 39/100. The company can meet its near-term obligations, though with limited headroom.
While NEW CENTY LOGISTICS BVI LTD generated -$3.4M in operating cash flow, capex of $54K consumed most of it, leaving -$3.5M in free cash flow. This results in a low score of 17/100, reflecting heavy capital investment rather than weak cash generation.
NEW CENTY LOGISTICS BVI LTD generates a -201.8% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 9/100. This is down from 3.5% the prior year.
NEW CENTY LOGISTICS BVI LTD scores 3.99, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($54.4M) relative to total liabilities ($9.3M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
NEW CENTY LOGISTICS BVI LTD passes 3 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 1 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, NEW CENTY LOGISTICS BVI LTD generates $0.32 in operating cash flow (-$3.4M OCF vs -$10.7M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
NEW CENTY LOGISTICS BVI LTD earns $-529.8 in operating income for every $1 of interest expense (-$10.8M vs $20K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
NEW CENTY LOGISTICS BVI LTD generated $44.1M in revenue in fiscal year 2025. This represents a decrease of 15.5% from the prior year.
NEW CENTY LOGISTICS BVI LTD's EBITDA was -$10.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 1666.3% from the prior year.
NEW CENTY LOGISTICS BVI LTD reported -$10.7M in net income in fiscal year 2025. This represents a decrease of 4937.5% from the prior year.
NEW CENTY LOGISTICS BVI LTD earned $-3.71 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 4222.2% from the prior year.
Cash & Balance Sheet
NEW CENTY LOGISTICS BVI LTD generated -$3.5M in free cash flow in fiscal year 2025, representing cash available after capex.
NEW CENTY LOGISTICS BVI LTD held $646K in cash against $0 in long-term debt as of fiscal year 2025.
NEW CENTY LOGISTICS BVI LTD had 26M shares outstanding in fiscal year 2025. This represents an increase of 28.0% from the prior year.
Margins & Returns
NEW CENTY LOGISTICS BVI LTD's gross margin was 0.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 7.8 percentage points from the prior year.
NEW CENTY LOGISTICS BVI LTD's operating margin was -24.6% in fiscal year 2025, reflecting core business profitability. This is down 25.5 percentage points from the prior year.
NEW CENTY LOGISTICS BVI LTD's net profit margin was -24.2% in fiscal year 2025, showing the share of revenue converted to profit. This is down 24.6 percentage points from the prior year.
NEW CENTY LOGISTICS BVI LTD's ROE was -201.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 205.3 percentage points from the prior year.
Capital Allocation
NEW CENTY LOGISTICS BVI LTD invested $54K in capex in fiscal year 2025, funding long-term assets and infrastructure.
NCEW Income Statement
| Metric | Q4'25 | Q2'25 | Q4'24 | Q4'23 |
|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | N/A |
| Cost of Revenue | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | N/A |
| Operating Income | N/A | N/A | N/A | N/A |
| Interest Expense | N/A | N/A | N/A | N/A |
| Income Tax | N/A | N/A | N/A | N/A |
| Net Income | N/A | N/A | N/A | N/A |
| EPS (Diluted) | N/A | N/A | N/A | N/A |
NCEW Balance Sheet
| Metric | Q4'25 | Q2'25 | Q4'24 | Q4'23 |
|---|---|---|---|---|
| Total Assets | $14.5M+4.2% | $13.9M-24.4% | $18.5M+16.8% | $15.8M |
| Current Assets | $13.2M+0.7% | $13.1M-23.3% | $17.1M+23.8% | $13.8M |
| Cash & Equivalents | $646K+123.9% | $289K-56.2% | $659K+126.3% | $291K |
| Inventory | N/A | N/A | N/A | N/A |
| Accounts Receivable | $11.8M+17.7% | $10.0M-24.5% | $13.2M+15.5% | $11.5M |
| Goodwill | N/A | N/A | N/A | N/A |
| Total Liabilities | $9.3M+49.8% | $6.2M-49.3% | $12.2M+24.8% | $9.8M |
| Current Liabilities | $9.0M+55.4% | $5.8M-50.7% | $11.7M+25.8% | $9.3M |
| Long-Term Debt | N/A | N/A | N/A | N/A |
| Total Equity | $5.3M-31.7% | $7.7M+24.7% | $6.2M+3.7% | $6.0M |
| Retained Earnings | -$4.6M-210.2% | $4.2M-30.8% | $6.1M+3.8% | $5.8M |
NCEW Cash Flow Statement
| Metric | Q4'25 | Q2'25 | Q4'24 | Q4'23 |
|---|---|---|---|---|
| Operating Cash Flow | N/A | N/A | N/A | N/A |
| Capital Expenditures | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A |
| Investing Cash Flow | N/A | N/A | N/A | N/A |
| Financing Cash Flow | N/A | N/A | N/A | N/A |
| Dividends Paid | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A |
NCEW Financial Ratios
| Metric | Q4'25 | Q2'25 | Q4'24 | Q4'23 |
|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A |
| Net Margin | N/A | N/A | N/A | N/A |
| Return on Equity | N/A | N/A | N/A | N/A |
| Return on Assets | N/A | N/A | N/A | N/A |
| Current Ratio | 1.47-0.8 | 2.27+0.8 | 1.46-0.0 | 1.48 |
| Debt-to-Equity | 1.76+1.0 | 0.80-1.2 | 1.97+0.3 | 1.64 |
| FCF Margin | N/A | N/A | N/A | N/A |
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Frequently Asked Questions
What is NEW CENTY LOGISTICS BVI LTD's annual revenue?
NEW CENTY LOGISTICS BVI LTD (NCEW) reported $44.1M in total revenue for fiscal year 2025. This represents a -15.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is NEW CENTY LOGISTICS BVI LTD's revenue growing?
NEW CENTY LOGISTICS BVI LTD (NCEW) revenue declined by 15.5% year-over-year, from $52.2M to $44.1M in fiscal year 2025.
Is NEW CENTY LOGISTICS BVI LTD profitable?
No, NEW CENTY LOGISTICS BVI LTD (NCEW) reported a net income of -$10.7M in fiscal year 2025, with a net profit margin of -24.2%.
What is NEW CENTY LOGISTICS BVI LTD's EBITDA?
NEW CENTY LOGISTICS BVI LTD (NCEW) had EBITDA of -$10.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is NEW CENTY LOGISTICS BVI LTD's gross margin?
NEW CENTY LOGISTICS BVI LTD (NCEW) had a gross margin of 0.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is NEW CENTY LOGISTICS BVI LTD's operating margin?
NEW CENTY LOGISTICS BVI LTD (NCEW) had an operating margin of -24.6% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is NEW CENTY LOGISTICS BVI LTD's net profit margin?
NEW CENTY LOGISTICS BVI LTD (NCEW) had a net profit margin of -24.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is NEW CENTY LOGISTICS BVI LTD's return on equity (ROE)?
NEW CENTY LOGISTICS BVI LTD (NCEW) has a return on equity of -201.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is NEW CENTY LOGISTICS BVI LTD's free cash flow?
NEW CENTY LOGISTICS BVI LTD (NCEW) generated -$3.5M in free cash flow during fiscal year 2025. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is NEW CENTY LOGISTICS BVI LTD's operating cash flow?
NEW CENTY LOGISTICS BVI LTD (NCEW) generated -$3.4M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are NEW CENTY LOGISTICS BVI LTD's total assets?
NEW CENTY LOGISTICS BVI LTD (NCEW) had $14.5M in total assets as of fiscal year 2025, including both current and long-term assets.
What are NEW CENTY LOGISTICS BVI LTD's capital expenditures?
NEW CENTY LOGISTICS BVI LTD (NCEW) invested $54K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is NEW CENTY LOGISTICS BVI LTD's current ratio?
NEW CENTY LOGISTICS BVI LTD (NCEW) had a current ratio of 1.47 as of fiscal year 2025, which is considered adequate.
What is NEW CENTY LOGISTICS BVI LTD's debt-to-equity ratio?
NEW CENTY LOGISTICS BVI LTD (NCEW) had a debt-to-equity ratio of 1.76 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is NEW CENTY LOGISTICS BVI LTD's return on assets (ROA)?
NEW CENTY LOGISTICS BVI LTD (NCEW) had a return on assets of -73.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is NEW CENTY LOGISTICS BVI LTD's cash runway?
Based on fiscal year 2025 data, NEW CENTY LOGISTICS BVI LTD (NCEW) had $646K in cash against an annual operating cash burn of $3.4M. 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.
What is NEW CENTY LOGISTICS BVI LTD's Altman Z-Score?
NEW CENTY LOGISTICS BVI LTD (NCEW) has an Altman Z-Score of 3.99, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is NEW CENTY LOGISTICS BVI LTD's Piotroski F-Score?
NEW CENTY LOGISTICS BVI LTD (NCEW) has a Piotroski F-Score of 3 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are NEW CENTY LOGISTICS BVI LTD's earnings high quality?
NEW CENTY LOGISTICS BVI LTD (NCEW) has an earnings quality ratio of 0.32x, 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.
Can NEW CENTY LOGISTICS BVI LTD cover its interest payments?
NEW CENTY LOGISTICS BVI LTD (NCEW) has an interest coverage ratio of -529.8x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is NEW CENTY LOGISTICS BVI LTD?
NEW CENTY LOGISTICS BVI LTD (NCEW) scores 30 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.