Toyo Equity Warrants Financials
This page shows Toyo Equity Warrants (TOYWF) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 2 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).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Toyo Equity Warrants has an operating margin of 5.0%, meaning the company retains $5 of operating profit per $100 of revenue. This results in a moderate score of 33/100, indicating healthy but not exceptional operating efficiency. This is down from 19.2% the prior year.
Toyo Equity Warrants's revenue surged 183.7% year-over-year to $177.0M, reflecting rapid business expansion. This strong growth earns a score of 100/100.
Toyo Equity Warrants carries a low D/E ratio of 0.35, meaning only $0.35 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 95/100, indicating a strong balance sheet with room for future borrowing.
Toyo Equity Warrants's current ratio of 0.44 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 3/100, which could limit financial flexibility.
While Toyo Equity Warrants generated $46.5M in operating cash flow, capex of $42.5M consumed most of it, leaving $4.0M in free cash flow. This results in a low score of 31/100, reflecting heavy capital investment rather than weak cash generation.
Toyo Equity Warrants earns a strong 68.6% return on equity (ROE), meaning it generates $69 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 100/100. This is up from 17.4% the prior year.
Toyo Equity Warrants passes 5 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Toyo Equity Warrants generates $1.15 in operating cash flow ($46.5M OCF vs $40.6M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Toyo Equity Warrants earns $2.7 in operating income for every $1 of interest expense ($8.9M vs $3.3M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.
Key Financial Metrics
Earnings & Revenue
Toyo Equity Warrants generated $177.0M in revenue in fiscal year 2024. This represents an increase of 183.7% from the prior year.
Toyo Equity Warrants's EBITDA was $32.1M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 119.9% from the prior year.
Toyo Equity Warrants reported $40.6M in net income in fiscal year 2024. This represents an increase of 310.7% from the prior year.
Toyo Equity Warrants earned $1.09 per diluted share (EPS) in fiscal year 2024. This represents an increase of 354.2% from the prior year.
Cash & Balance Sheet
Toyo Equity Warrants generated $4.0M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 103.2% from the prior year.
Toyo Equity Warrants held $13.7M in cash against $21.0M in long-term debt as of fiscal year 2024.
Toyo Equity Warrants had 47M shares outstanding in fiscal year 2024. This represents an increase of 13.6% from the prior year.
Margins & Returns
Toyo Equity Warrants's gross margin was 12.4% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 14.3 percentage points from the prior year.
Toyo Equity Warrants's operating margin was 5.0% in fiscal year 2024, reflecting core business profitability. This is down 14.2 percentage points from the prior year.
Toyo Equity Warrants's net profit margin was 22.9% in fiscal year 2024, showing the share of revenue converted to profit. This is up 7.1 percentage points from the prior year.
Toyo Equity Warrants's ROE was 68.6% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 51.2 percentage points from the prior year.
Capital Allocation
Toyo Equity Warrants invested $42.5M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 62.8% from the prior year.
TOYWF Income Statement
| Metric | Q2'25 | Q4'24 | Q2'24 | Q4'23 | Q4'22 |
|---|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | N/A | N/A |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | N/A | $187K |
| Operating Income | N/A | N/A | N/A | N/A | -$187K |
| Interest Expense | N/A | N/A | N/A | N/A | -$583 |
| Income Tax | N/A | N/A | N/A | N/A | N/A |
| Net Income | N/A | N/A | N/A | N/A | -$187K |
| EPS (Diluted) | N/A | N/A | N/A | N/A | $0.00 |
TOYWF Balance Sheet
| Metric | Q2'25 | Q4'24 | Q2'24 | Q4'23 | Q4'22 |
|---|---|---|---|---|---|
| Total Assets | $353.6M+47.5% | $239.8M-0.7% | $241.4M+1.3% | $238.3M | N/A |
| Current Assets | $117.9M+112.8% | $55.4M-42.6% | $96.6M+16.7% | $82.8M | N/A |
| Cash & Equivalents | $36.7M+168.5% | $13.7M-69.2% | $44.4M+146.1% | $18.0M+773.2% | $2.1M |
| Inventory | $53.5M+168.0% | $20.0M-26.5% | $27.2M-32.0% | $40.0M | N/A |
| Accounts Receivable | $12.2M+75.8% | $6.9M | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $283.4M+57.1% | $180.4M+7.3% | $168.0M-7.4% | $181.4M | N/A |
| Current Liabilities | $249.3M+99.4% | $125.0M-14.0% | $145.4M-14.1% | $169.2M | N/A |
| Long-Term Debt | $13.7M-34.8% | $21.0M-6.3% | $22.4M+89.6% | $11.8M | N/A |
| Total Equity | $67.0M+13.1% | $59.2M-19.3% | $73.4M+29.0% | $56.9M+625.0% | $7.8M |
| Retained Earnings | $53.8M+6.9% | $50.3M+72.0% | $29.3M+201.5% | $9.7M | N/A |
TOYWF Cash Flow Statement
| Metric | Q2'25 | Q4'24 | Q2'24 | Q4'23 | Q4'22 |
|---|---|---|---|---|---|
| Operating Cash Flow | N/A | N/A | N/A | N/A | -$5.6M |
| Capital Expenditures | N/A | N/A | N/A | N/A | $244K |
| Free Cash Flow | N/A | N/A | N/A | N/A | -$5.8M |
| Investing Cash Flow | N/A | N/A | N/A | N/A | -$244K |
| Financing Cash Flow | N/A | N/A | N/A | N/A | $7.6M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A |
TOYWF Financial Ratios
| Metric | Q2'25 | Q4'24 | Q2'24 | Q4'23 | Q4'22 |
|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A |
| Net Margin | N/A | N/A | N/A | N/A | N/A |
| Return on Equity | N/A | N/A | N/A | N/A | -2.4% |
| Return on Assets | N/A | N/A | N/A | N/A | N/A |
| Current Ratio | 0.47+0.0 | 0.44-0.2 | 0.66+0.2 | 0.49 | N/A |
| Debt-to-Equity | 0.20-0.1 | 0.35+0.0 | 0.31+0.1 | 0.21 | N/A |
| FCF Margin | N/A | N/A | N/A | N/A | N/A |
Note: The current ratio is below 1.0 (0.44), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Frequently Asked Questions
What is Toyo Equity Warrants's annual revenue?
Toyo Equity Warrants (TOYWF) reported $177.0M in total revenue for fiscal year 2024. This represents a 183.7% 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 Toyo Equity Warrants's revenue growing?
Toyo Equity Warrants (TOYWF) revenue grew by 183.7% year-over-year, from $62.4M to $177.0M in fiscal year 2024.
Is Toyo Equity Warrants profitable?
Yes, Toyo Equity Warrants (TOYWF) reported a net income of $40.6M in fiscal year 2024, with a net profit margin of 22.9%.
What is Toyo Equity Warrants's EBITDA?
Toyo Equity Warrants (TOYWF) had EBITDA of $32.1M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Toyo Equity Warrants have?
As of fiscal year 2024, Toyo Equity Warrants (TOYWF) had $13.7M in cash and equivalents against $21.0M in long-term debt.
What is Toyo Equity Warrants's gross margin?
Toyo Equity Warrants (TOYWF) had a gross margin of 12.4% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Toyo Equity Warrants's operating margin?
Toyo Equity Warrants (TOYWF) had an operating margin of 5.0% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Toyo Equity Warrants's net profit margin?
Toyo Equity Warrants (TOYWF) had a net profit margin of 22.9% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Toyo Equity Warrants's return on equity (ROE)?
Toyo Equity Warrants (TOYWF) has a return on equity of 68.6% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Toyo Equity Warrants's free cash flow?
Toyo Equity Warrants (TOYWF) generated $4.0M in free cash flow during fiscal year 2024. This represents a 103.2% 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 Toyo Equity Warrants's operating cash flow?
Toyo Equity Warrants (TOYWF) generated $46.5M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Toyo Equity Warrants's total assets?
Toyo Equity Warrants (TOYWF) had $239.8M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Toyo Equity Warrants's capital expenditures?
Toyo Equity Warrants (TOYWF) invested $42.5M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
What is Toyo Equity Warrants's current ratio?
Toyo Equity Warrants (TOYWF) had a current ratio of 0.44 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.
What is Toyo Equity Warrants's debt-to-equity ratio?
Toyo Equity Warrants (TOYWF) had a debt-to-equity ratio of 0.35 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Toyo Equity Warrants's return on assets (ROA)?
Toyo Equity Warrants (TOYWF) had a return on assets of 16.9% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Toyo Equity Warrants's Piotroski F-Score?
Toyo Equity Warrants (TOYWF) has a Piotroski F-Score of 5 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Toyo Equity Warrants's earnings high quality?
Toyo Equity Warrants (TOYWF) has an earnings quality ratio of 1.15x, considered cash-backed (high quality). 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 Toyo Equity Warrants cover its interest payments?
Toyo Equity Warrants (TOYWF) has an interest coverage ratio of 2.7x, meaning it can adequately 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 Toyo Equity Warrants?
Toyo Equity Warrants (TOYWF) scores 60 out of 100 on our Financial Profile, indicating moderate 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.