New Green Hemp Inc Financials
This page shows New Green Hemp Inc (NGHI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 5 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).
A shrinking operating footprint and weakening liquidity show FY2017 was about survival, not rebuilding a business.
Across the recent filing window, assets collapsed from$1.7M to$55K , which looks less like a bad year and more like a business being wound down. Current ratio fell from 1.7x to 0.4x at the same time, so the company was shrinking into a weaker ability to cover near-term obligations rather than growing its way out of losses.
By FY2017, cash nearly disappeared to
The remaining loss also appears partly financing-driven: interest expense was
Financial Health Signals
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 New Green Hemp 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.
New Green Hemp Inc carries a low D/E ratio of -1.82, meaning only $-1.82 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.
New Green Hemp Inc's current ratio of 0.45 is below the typical benchmark, resulting in a score of 3/100. This tight liquidity could limit financial flexibility if cash inflows slow.
New Green Hemp Inc passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass.
For every $1 of reported earnings, New Green Hemp Inc generates $0.60 in operating cash flow (-$97K OCF vs -$163K net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
New Green Hemp Inc earns $-2.2 in operating income for every $1 of interest expense (-$95K vs $43K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
New Green Hemp Inc's EBITDA was -$95K in fiscal year 2017, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 83.4% from the prior year.
New Green Hemp Inc reported -$163K in net income in fiscal year 2017. This represents an increase of 87.3% from the prior year.
Cash & Balance Sheet
New Green Hemp Inc held $469 in cash against $0 in long-term debt as of fiscal year 2017.
New Green Hemp Inc had 62M shares outstanding in fiscal year 2017. This represents a decrease of 36.4% from the prior year.
Margins & Returns
Capital Allocation
New Green Hemp Inc invested $4K in research and development in fiscal year 2017.
New Green Hemp Inc spent $677 on share buybacks in fiscal year 2017, returning capital to shareholders by reducing shares outstanding.
NGHI Income Statement
| Metric | Q4'17 | Q3'17 | Q2'17 | Q1'17 | Q4'16 | Q3'16 | Q2'16 | Q1'16 |
|---|---|---|---|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | N/A | N/A | $322K+208.5% | $104K-65.6% | $303K |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | $243K+235.5% | $73K-66.9% | $220K |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | $79K+147.0% | $32K-62.1% | $84K |
| R&D Expenses | N/A | $4K | N/A | N/A | N/A | $0+100.0% | -$39+99.8% | -$21K |
| SG&A Expenses | N/A | $3K-23.0% | $3K+221.2% | $1K | N/A | $2K+26.8% | $2K-56.3% | $4K |
| Operating Income | N/A | -$19K+49.9% | -$37K-28.1% | -$29K | N/A | -$23K+20.5% | -$28K+7.6% | -$31K |
| Interest Expense | N/A | $12K+81.6% | $6K | $0 | N/A | $143K+3911.8% | $4K-54.8% | $8K |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | N/A | -$40K-29.8% | -$31K+44.8% | -$56K | N/A | $248K+135.7% | -$696K-127.4% | -$306K |
| EPS (Diluted) | N/A | N/A | N/A | N/A | N/A | $0.00 | N/A | N/A |
NGHI Balance Sheet
| Metric | Q4'17 | Q3'17 | Q2'17 | Q1'17 | Q4'16 | Q3'16 | Q2'16 | Q1'16 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $55K+9.3% | $50K-27.4% | $69K+192.4% | $24K-95.5% | $526K-68.9% | $1.7M+10.6% | $1.5M-7.8% | $1.7M |
| Current Assets | $55K+9.3% | $50K-27.4% | $69K+192.4% | $24K-95.5% | $525K-53.1% | $1.1M+17.8% | $950K-11.5% | $1.1M |
| Cash & Equivalents | $469-94.0% | $8K+504.1% | $1K-94.6% | $24K-81.8% | $130K-58.6% | $314K+448.3% | $57K-36.1% | $90K |
| Inventory | $0 | N/A | N/A | N/A | $381K-46.2% | $709K-14.6% | $830K-2.9% | $854K |
| Accounts Receivable | N/A | N/A | N/A | N/A | $0-100.0% | $9K-65.2% | $27K-73.5% | $103K |
| Goodwill | N/A | N/A | N/A | N/A | $0-100.0% | $390K0.0% | $390K0.0% | $390K |
| Total Liabilities | $122K-17.6% | $149K+17.1% | $127K+151.7% | $50K-90.6% | $536K-57.2% | $1.3M-16.8% | $1.5M+57.1% | $959K |
| Current Liabilities | $122K-17.6% | $149K+17.1% | $127K+151.7% | $50K-90.6% | $536K-56.9% | $1.2M-15.6% | $1.5M+55.0% | $951K |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | -$67K+31.4% | -$98K-70.8% | -$58K-115.6% | -$27K-159.4% | -$10K-102.3% | $440K+1664.1% | $25K-96.5% | $703K |
| Retained Earnings | -$3.7M-1.0% | -$3.6M-1.1% | -$3.6M-0.9% | -$3.5M-1.6% | -$3.5M-17.9% | -$3.0M+7.7% | -$3.2M-27.6% | -$2.5M |
NGHI Cash Flow Statement
| Metric | Q4'17 | Q3'17 | Q2'17 | Q1'17 | Q4'16 | Q3'16 | Q2'16 | Q1'16 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$7K+65.7% | -$21K-71.3% | -$12K+77.9% | -$56K+53.5% | -$121K-339.6% | $50K+132.5% | -$155K+7.2% | -$167K |
| Capital Expenditures | N/A | N/A | N/A | N/A | $0 | $0 | $0 | $0 |
| Free Cash Flow | N/A | N/A | N/A | N/A | -$121K-339.6% | $50K+132.5% | -$155K+7.2% | -$167K |
| Investing Cash Flow | $149-99.0% | $15K+125.5% | -$60K-339.8% | $25K-92.9% | $350K | $0 | $0 | $0 |
| Financing Cash Flow | -$167-101.3% | $13K-74.9% | $50K+166.6% | -$75K+81.8% | -$413K-300.3% | $206K+67.5% | $123K-41.3% | $210K |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $10 | N/A | N/A | N/A | $0 | N/A | N/A | N/A |
NGHI Financial Ratios
| Metric | Q4'17 | Q3'17 | Q2'17 | Q1'17 | Q4'16 | Q3'16 | Q2'16 | Q1'16 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | 24.4%-6.1pp | 30.5%+2.8pp | 27.6% |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | -7.0%+20.2pp | -27.2%-17.0pp | -10.1% |
| Net Margin | N/A | N/A | N/A | N/A | N/A | 77.1%+743.5pp | -666.4%-565.6pp | -100.8% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | 56.5%+2845.8pp | -2789.3%-2745.8pp | -43.5% |
| Return on Assets | N/A | -79.6%-35.1pp | -44.5%+191.5pp | -236.1% | N/A | 14.7%+60.1pp | -45.4%-27.0pp | -18.4% |
| Current Ratio | 0.45+0.1 | 0.34-0.2 | 0.55+0.1 | 0.47-0.5 | 0.98+0.1 | 0.90+0.3 | 0.64-0.5 | 1.13 |
| Debt-to-Equity | -1.82-0.3 | -1.51+0.7 | -2.20-0.3 | -1.89+50.2 | -52.13-55.0 | 2.85-57.6 | 60.42+59.1 | 1.36 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | 15.7%+164.5pp | -148.9%-93.7pp | -55.2% |
Note: Shareholder equity is negative (-$67K), 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 (0.45), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Frequently Asked Questions
Is New Green Hemp Inc profitable?
No, New Green Hemp Inc (NGHI) reported a net income of -$163K in fiscal year 2017.
What is New Green Hemp Inc's EBITDA?
New Green Hemp Inc (NGHI) had EBITDA of -$95K in fiscal year 2017, measuring earnings before interest, taxes, depreciation, and amortization.
What is New Green Hemp Inc's operating cash flow?
New Green Hemp Inc (NGHI) generated -$97K in operating cash flow during fiscal year 2017, representing cash generated from core business activities.
What are New Green Hemp Inc's total assets?
New Green Hemp Inc (NGHI) had $55K in total assets as of fiscal year 2017, including both current and long-term assets.
How much does New Green Hemp Inc spend on research and development?
New Green Hemp Inc (NGHI) invested $4K in research and development during fiscal year 2017.
What is New Green Hemp Inc's current ratio?
New Green Hemp Inc (NGHI) had a current ratio of 0.45 as of fiscal year 2017, which is below 1.0, which may suggest potential liquidity concerns.
What is New Green Hemp Inc's debt-to-equity ratio?
New Green Hemp Inc (NGHI) had a debt-to-equity ratio of -1.82 as of fiscal year 2017, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is New Green Hemp Inc's return on assets (ROA)?
New Green Hemp Inc (NGHI) had a return on assets of -295.8% for fiscal year 2017, measuring how efficiently the company uses its assets to generate profit.
What is New Green Hemp Inc's cash runway?
Based on fiscal year 2017 data, New Green Hemp Inc (NGHI) had $469 in cash against an annual operating cash burn of $97K. 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 Green Hemp Inc's debt-to-equity ratio negative or unusual?
New Green Hemp Inc (NGHI) has negative shareholder equity of -$67K 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.
What is New Green Hemp Inc's Piotroski F-Score?
New Green Hemp Inc (NGHI) 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are New Green Hemp Inc's earnings high quality?
New Green Hemp Inc (NGHI) has an earnings quality ratio of 0.60x, 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 Green Hemp Inc cover its interest payments?
New Green Hemp Inc (NGHI) has an interest coverage ratio of -2.2x, 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 Green Hemp Inc?
New Green Hemp Inc (NGHI) 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.