Petroteq Egy Financials

PQEFF

Source SEC Filings (10-K/10-Q) Updated Nov 30, 2021 Currency USD FYE August

This page shows Petroteq Egy (PQEFF) 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).

Rhea AI PQEFF FY2021 2026-04-22

Petroteq’s finances reflect an externally funded asset build, with persistent cash burn and limited signs of self-supporting operations.

From FY2019 to FY2021, net losses narrowed to -$9.5M as SG&A fell to $4.2M. But operating cash flow remained negative each year and cash was replenished by financing inflows, which means the better accounting result mostly came from cost compression rather than an operating model that had begun funding itself.

FY2021’s current ratio of 0.4x and cash balance of $1.0M point to a tight near-term cash position. Yet total liabilities were well below total assets, so the pressure looks more like liquidity timing than a balance sheet built on heavy long-term borrowing. That matters because assets on paper do not automatically supply vendor payments or project spending; only liquid assets do.

In FY2021, capital spending of $2.4M absorbed roughly half of the operating cash burn, pushing free cash flow down to -$7.0M. That says cash needs were not just administrative overhead; the business also required ongoing reinvestment before it could support itself, which is different from a company merely waiting for overhead cuts to work.

Financial Health Signals

Financial Profile 17/100

Based on FY2021 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 Petroteq Egy'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

Petroteq Egy carries a low D/E ratio of 0.23, meaning only $0.23 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 97/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Petroteq Egy's current ratio of 0.40 is below the typical benchmark, resulting in a score of 2/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Returns

Petroteq Egy generates a -14.3% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is up from -22.9% the prior year.

Piotroski F-Score Neutral

4/9

Petroteq Egy passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, all 2 leverage/liquidity signals pass.

Earnings Quality Low Quality

0.49x

For every $1 of reported earnings, Petroteq Egy generates $0.49 in operating cash flow (-$4.6M OCF vs -$9.5M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

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Earnings & Revenue

Revenue

N/A

EBITDA

N/A

Net Income

-$9.5M

YoY+23.5%

Petroteq Egy reported -$9.5M in net income in fiscal year 2021. This represents an increase of 23.5% from the prior year.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

-$7.0M

YoY-7.6%

Petroteq Egy generated -$7.0M in free cash flow in fiscal year 2021, representing cash available after capex. This represents a decrease of 7.6% from the prior year.

Cash & Debt

$1.0M

YoY+1523.2%

Petroteq Egy held $1.0M in cash against $0 in long-term debt as of fiscal year 2021.

Dividends Per Share

N/A

Shares Outstanding

N/A

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

N/A

Return on Equity

-14.3%

YoY+8.5pp

Petroteq Egy's ROE was -14.3% in fiscal year 2021, measuring profit generated per dollar of shareholder equity. This is up 8.5 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$2.4M

YoY+16.2%

Petroteq Egy invested $2.4M in capex in fiscal year 2021, funding long-term assets and infrastructure. This represents an increase of 16.2% from the prior year.

PQEFF Income Statement

Metric	FY21	FY20	FY19	FY18
Revenue	N/A	$291K+390.1%	$59K	N/A
Cost of Revenue	N/A	N/A	N/A	N/A
Gross Profit	-$91K+96.2%	-$2.4M-52.6%	-$1.6M-480.0%	-$272K
R&D Expenses	N/A	N/A	$113K-6.1%	$120K
SG&A Expenses	$4.2M-31.8%	$6.2M-46.4%	$11.5M-19.3%	$14.3M
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	-$9.5M+23.5%	-$12.4M+21.6%	-$15.8M-200.9%	$15.6M
EPS (Diluted)	N/A	N/A	N/A	N/A

Metric	Q1'22	Q4'21	Q3'21	Q2'21	Q1'21	Q4'20	Q3'20	Q2'20
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	$126K+83.6%	$69K
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	-$285K	N/A	-$14K+25.9%	-$19K-101.2%	$1.7M	N/A	-$148K+80.9%	-$771K
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$1.4M	N/A	$1.4M+101.0%	$706K-32.4%	$1.0M	N/A	$895K-42.1%	$1.5M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	-$996K-128.4%	$3.5M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$25K
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$0
Net Income	-$2.5M	N/A	-$4.9M-377.4%	-$1.0M-152.0%	-$411K	N/A	-$1.1M+65.3%	-$3.2M
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

PQEFF Balance Sheet

Metric	FY21	FY20	FY19	FY18
Total Assets	$81.0M+10.0%	$73.6M+1.1%	$72.9M+86.3%	$39.1M
Current Assets	$4.2M+87.9%	$2.2M-8.5%	$2.4M-41.8%	$4.2M
Cash & Equivalents	$1.0M+1523.2%	$62K+23.0%	$51K-98.1%	$2.6M
Inventory	$17K+13.9%	$15K-91.7%	$177K+44.6%	$122K
Accounts Receivable	N/A	$13K-91.1%	$144K-64.4%	$404K
Goodwill	N/A	N/A	N/A	N/A
Total Liabilities	$14.9M-23.7%	$19.5M+29.8%	$15.0M+143.5%	$6.2M
Current Liabilities	$10.5M-31.1%	$15.2M+29.7%	$11.7M+156.1%	$4.6M
Long-Term Debt	N/A	$684K+216.9%	$216K-64.0%	$599K
Total Equity	$66.2M+22.2%	$54.1M-6.4%	$57.8M+75.6%	$32.9M
Retained Earnings	-$100.1M-10.4%	-$90.7M-15.8%	-$78.3M-25.3%	-$62.5M

Metric	Q1'22	Q4'21	Q3'21	Q2'21	Q1'21	Q4'20	Q3'20	Q2'20
Total Assets	$79.8M-1.5%	$81.0M+2.4%	$79.1M+0.4%	$78.8M+0.8%	$78.1M+6.1%	$73.6M-1.8%	$75.0M-0.2%	$75.1M
Current Assets	$3.0M-29.0%	$4.2M+46.7%	$2.9M+8.1%	$2.6M+2.9%	$2.6M+15.2%	$2.2M-21.5%	$2.8M+0.3%	$2.8M
Cash & Equivalents	$69K-93.2%	$1.0M+229.7%	$307K+89.6%	$162K+64.5%	$99K+57.9%	$62K+59.6%	$39K+82.7%	$21K
Inventory	$17K0.0%	$17K0.0%	$17K-31.4%	$25K+66.1%	$15K0.0%	$15K-89.6%	$142K0.0%	$142K
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	$13K-23.8%	$17K0.0%	$17K
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$10.7M-28.3%	$14.9M-25.7%	$20.0M+10.0%	$18.2M-0.2%	$18.3M-6.4%	$19.5M+1.8%	$19.2M+2.9%	$18.6M
Current Liabilities	$6.0M-43.0%	$10.5M-34.0%	$15.9M+17.1%	$13.5M-2.3%	$13.9M-8.8%	$15.2M-2.1%	$15.5M+4.0%	$14.9M
Long-Term Debt	N/A	N/A	$200K-65.9%	$587K+1.8%	$576K-15.7%	$684K-43.8%	$1.2M+837.3%	$130K
Total Equity	$69.1M+4.5%	$66.2M+12.0%	$59.1M-2.5%	$60.6M+1.2%	$59.9M+10.6%	$54.1M-3.0%	$55.8M-1.2%	$56.5M
Retained Earnings	-$102.7M-2.5%	-$100.1M-3.2%	-$97.0M-5.4%	-$92.1M-1.1%	-$91.1M-0.5%	-$90.7M-5.7%	-$85.8M-1.3%	-$84.7M

PQEFF Cash Flow Statement

Metric	FY21	FY20	FY19	FY18
Operating Cash Flow	-$4.6M-3.6%	-$4.5M+43.3%	-$7.9M+4.5%	-$8.2M
Capital Expenditures	$2.4M+16.2%	$2.1M-73.9%	$7.9M+25.6%	$6.3M
Free Cash Flow	-$7.0M-7.6%	-$6.5M+58.7%	-$15.8M-8.6%	-$14.6M
Investing Cash Flow	-$2.4M-2.3%	-$2.4M+81.9%	-$13.0M-89.9%	-$6.9M
Financing Cash Flow	$8.0M+16.9%	$6.8M-62.7%	$18.3M+3.5%	$17.7M
Dividends Paid	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A

Metric	Q1'22	Q4'21	Q3'21	Q2'21	Q1'21	Q4'20	Q3'20	Q2'20
Operating Cash Flow	-$1.8M+53.9%	-$3.9M-604.0%	-$551K-12.6%	-$490K-263.5%	$299K	N/A	-$526K+63.7%	-$1.4M
Capital Expenditures	N/A	$619K+431.1%	$116K	$0-100.0%	$1.7M	N/A	$35K-84.2%	$223K
Free Cash Flow	N/A	-$4.5M-573.9%	-$668K-36.4%	-$490K+64.4%	-$1.4M	N/A	-$561K+66.5%	-$1.7M
Investing Cash Flow	$450K+172.7%	-$619K-431.1%	-$116K	$0+100.0%	-$1.7M	N/A	$26K-94.8%	$496K
Financing Cash Flow	$396K-92.4%	$5.2M+540.3%	$813K+47.0%	$553K-60.8%	$1.4M	N/A	$518K-45.1%	$942K
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

PQEFF Financial Ratios

Metric	FY21	FY20	FY19	FY18
Gross Margin	N/A	-829.0%+1833.0pp	-2662.0%	N/A
Operating Margin	N/A	N/A	N/A	N/A
Net Margin	N/A	-4256.8%+22351.3pp	-26608.0%	N/A
Return on Equity	-14.3%+8.5pp	-22.9%+4.4pp	-27.3%-74.8pp	47.5%
Return on Assets	-11.7%+5.1pp	-16.8%+4.9pp	-21.7%-61.7pp	40.0%
Current Ratio	0.40+0.3	0.15-0.1	0.21-0.7	0.92
Debt-to-Equity	0.23+0.2	0.010.0	0.00-0.0	0.02
FCF Margin	N/A	-2247.1%+24389.2pp	-26636.3%	N/A

Metric	Q1'22	Q4'21	Q3'21	Q2'21	Q1'21	Q4'20	Q3'20	Q2'20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	-117.4%+1008.6pp	-1126.0%
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	-792.1%-5905.1pp	5113.1%
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	-885.7%+3803.0pp	-4688.8%
Return on Equity	-3.7%	N/A	-8.4%-6.6pp	-1.7%-1.0pp	-0.7%	N/A	-2.0%+3.7pp	-5.7%
Return on Assets	-3.2%	N/A	-6.2%-4.9pp	-1.3%-0.8pp	-0.5%	N/A	-1.5%+2.8pp	-4.3%
Current Ratio	0.50+0.1	0.40+0.2	0.18-0.0	0.200.0	0.19+0.0	0.15-0.0	0.180.0	0.19
Debt-to-Equity	0.15-0.1	0.23+0.2	0.000.0	0.010.0	0.010.0	0.010.0	0.02+0.0	0.00
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	-445.9%+1995.2pp	-2441.1%

Note: The current ratio is below 1.0 (0.40), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

Is Petroteq Egy profitable?

No, Petroteq Egy (PQEFF) reported a net income of -$9.5M in fiscal year 2021.

What is Petroteq Egy's return on equity (ROE)?

Petroteq Egy (PQEFF) has a return on equity of -14.3% for fiscal year 2021, measuring how efficiently the company generates profit from shareholder equity.

What is Petroteq Egy's free cash flow?

Petroteq Egy (PQEFF) generated -$7.0M in free cash flow during fiscal year 2021. This represents a -7.6% change compared to the previous fiscal year. 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 Petroteq Egy's operating cash flow?

Petroteq Egy (PQEFF) generated -$4.6M in operating cash flow during fiscal year 2021, representing cash generated from core business activities.

What are Petroteq Egy's total assets?

Petroteq Egy (PQEFF) had $81.0M in total assets as of fiscal year 2021, including both current and long-term assets.

What are Petroteq Egy's capital expenditures?

Petroteq Egy (PQEFF) invested $2.4M in capital expenditures during fiscal year 2021, funding long-term assets and infrastructure.

What is Petroteq Egy's current ratio?

Petroteq Egy (PQEFF) had a current ratio of 0.40 as of fiscal year 2021, which is below 1.0, which may suggest potential liquidity concerns.

What is Petroteq Egy's debt-to-equity ratio?

Petroteq Egy (PQEFF) had a debt-to-equity ratio of 0.23 as of fiscal year 2021, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Petroteq Egy's return on assets (ROA)?

Petroteq Egy (PQEFF) had a return on assets of -11.7% for fiscal year 2021, measuring how efficiently the company uses its assets to generate profit.

What is Petroteq Egy's cash runway?

Based on fiscal year 2021 data, Petroteq Egy (PQEFF) had $1.0M in cash against an annual operating cash burn of $4.6M. This gives an estimated cash runway of approximately 3 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 Petroteq Egy's Piotroski F-Score?

Petroteq Egy (PQEFF) has a Piotroski F-Score of 4 out of 9, indicating neutral 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 Petroteq Egy's earnings high quality?

Petroteq Egy (PQEFF) has an earnings quality ratio of 0.49x, 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.

How financially healthy is Petroteq Egy?

Petroteq Egy (PQEFF) 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.