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Southern Its Int Financials

SITS
Source SEC Filings (10-K/10-Q) Data as of Sep 30, 2016 Currency USD FYE December

This page shows Southern Its Int (SITS) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 3 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 SITS FY2015

The visible mechanic is survival through external support as assets and operating cash shrank beneath a fixed liability load.

FY2015’s balance sheet was effectively hollow: total assets were only $30K while liabilities remained $3.0M, leaving almost no asset buffer behind the obligations. Because operating cash flow stayed negative and equity was already below zero in both FY2014 and FY2015, the business appears to have been sustained by financing or liability rollover rather than by operations turning activity into cash.

Near-term liquidity was exceptionally thin: cash was just $15K, and current assets covered only about 0.9% of current liabilities. With financing inflow of $25K while operating cash flow was negative, even routine cash needs seem to have depended on outside support instead of internal working capital.

Operating capacity looked too small for the capital structure: FY2015 gross profit was $13K, but interest expense alone was $42K. That means financing cost exceeded the value created before overhead, so the problem was not only weak profitability; the remaining business base was also too small relative to its obligations.

Generated by Rhea from SEC filings [ NOT FINANCIAL ADVICE ]

Financial Health Signals

Financial health score pending refresh

We are recalculating Southern Its Int's peer-relative financial health score against the latest fiscal year. It will appear here once the refresh completes. The signals and metrics below are current.

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
$15K
YoY-27.7%

Southern Its Int held $15K in cash against $0 in long-term debt as of fiscal year 2015.

Dividends Per Share
N/A
Shares Outstanding
21M
YoY+9.1%

Southern Its Int had 21M shares outstanding in fiscal year 2015. This represents an increase of 9.1% 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

SITS Income Statement

Metric Q3'16 Q2'16 Q1'16 Q4'15 Q3'15 Q2'15 Q1'15 Q4'14
Revenue N/A N/A $319K N/A N/A N/A $1.4M N/A
Cost of Revenue N/A N/A $69K N/A N/A N/A $1.4M N/A
Gross Profit N/A N/A $250K N/A N/A N/A $13K N/A
R&D Expenses N/A N/A N/A N/A N/A N/A N/A N/A
SG&A Expenses N/A N/A $43K N/A N/A N/A $207K N/A
Operating Income N/A N/A $191K N/A N/A N/A -$278K N/A
Interest Expense N/A N/A $8K N/A N/A N/A $42K N/A
Income Tax N/A N/A $0 N/A N/A N/A $0 N/A
Net Income N/A N/A $183K N/A -$19K+40.8% -$33K+89.8% -$321K N/A
EPS (Diluted) N/A N/A N/A N/A N/A N/A N/A N/A

SITS Balance Sheet

Metric Q3'16 Q2'16 Q1'16 Q4'15 Q3'15 Q2'15 Q1'15 Q4'14
Total Assets $54K-74.3% $212K-10.1% $236K+690.9% $30K-78.7% $140K+659.2% $18K N/A $708K
Current Assets $52K-75.0% $210K-10.2% $233K+759.0% $27K-80.1% $137K+790.8% $15K N/A $704K
Cash & Equivalents $40K-79.5% $198K-4.0% $206K+1256.5% $15K+147.7% $6K+82.8% $3K+88.7% $2K-91.5% $21K
Inventory N/A N/A N/A N/A N/A N/A N/A N/A
Accounts Receivable $0 $0-100.0% $16K $0 $0 $0 N/A $0
Goodwill N/A N/A N/A N/A N/A N/A N/A N/A
Total Liabilities $3.0M-1.9% $3.1M0.0% $3.1M+1.9% $3.0M+5.6% $2.9M+1.0% $2.9M N/A $2.7M
Current Liabilities $3.0M-1.9% $3.1M0.0% $3.1M+1.9% $3.0M+5.6% $2.9M+1.0% $2.9M N/A $2.7M
Long-Term Debt N/A N/A N/A N/A N/A N/A N/A N/A
Total Equity -$3.0M-3.4% -$2.9M-0.9% -$2.9M+5.0% -$3.0M-9.9% -$2.7M+3.3% -$2.8M-32.4% -$2.1M-5.5% -$2.0M
Retained Earnings -$9.1M-4.1% -$8.8M+2.6% -$9.0M-1.1% -$8.9M-3.2% -$8.6M+1.1% -$8.7M N/A -$8.2M

SITS Cash Flow Statement

Metric Q3'16 Q2'16 Q1'16 Q4'15 Q3'15 Q2'15 Q1'15 Q4'14
Operating Cash Flow -$157K-1826.4% -$8K-104.3% $191K+1295.8% -$16K-157.4% $28K+223.9% $9K+116.7% -$51K+40.6% -$86K
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 $0 $0 $0-100.0% $25K+200.0% -$25K-257.1% -$7K-121.9% $32K-56.7% $74K
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

SITS Financial Ratios

Metric Q3'16 Q2'16 Q1'16 Q4'15 Q3'15 Q2'15 Q1'15 Q4'14
Gross Margin N/A N/A 78.4% N/A N/A N/A 0.9% N/A
Operating Margin N/A N/A 59.8% N/A N/A N/A -20.0% N/A
Net Margin N/A N/A 57.3% N/A N/A N/A -23.1% N/A
Return on Equity N/A N/A N/A N/A N/A N/A N/A N/A
Return on Assets N/A N/A 77.5% N/A -13.9%+164.2pp -178.1% N/A N/A
Current Ratio 0.02-0.1 0.070.0 0.08+0.1 0.01-0.0 0.05+0.0 0.01 N/A 0.26
Debt-to-Equity -1.02+0.1 -1.070.0 -1.08-0.1 -1.01+0.0 -1.05-0.0 -1.01 N/A -1.35
FCF Margin N/A N/A N/A N/A N/A N/A N/A N/A

Note: Shareholder equity is negative (-$3.0M), 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

Southern Its Int (SITS) generated -$31K in operating cash flow during fiscal year 2015, representing cash generated from core business activities.

Southern Its Int (SITS) had $30K in total assets as of fiscal year 2015, including both current and long-term assets.

Southern Its Int (SITS) had 21M shares outstanding as of fiscal year 2015.

Southern Its Int (SITS) had a current ratio of 0.01 as of fiscal year 2015, which is below 1.0, which may suggest potential liquidity concerns.

Southern Its Int (SITS) had a debt-to-equity ratio of -1.01 as of fiscal year 2015, measuring the company's financial leverage by comparing total debt to shareholder equity.

Based on fiscal year 2015 data, Southern Its Int (SITS) had $15K in cash against an annual operating cash burn of $31K. This gives an estimated cash runway of approximately 6 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.

Southern Its Int (SITS) has negative shareholder equity of -$3.0M as of fiscal year 2015, 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.

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