TDNT · Trident Brands Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Revenue | $224.7K | $872.9K | - | - | - | - |
| Cost of Revenue | $121.0K | $628.8K | $1.72M | $5.31M | - | - |
| Gross Profit | $103.7K | $244.1K | $429.8K | $347.9K | $95.4K | $70.3K |
| R&D | - | - | - | - | - | - |
| SG&A | $2.13M | $4.57M | ($6.95M) | $6.15M | $3.32M | $2.68M |
| Total Operating Expenses | - | - | - | - | - | - |
| D&A | $0 | $4.4K | $8.4K | $8.4K | $1.9K | - |
| Operating Income | ($2.42M) | ($4.33M) | ($6.52M) | ($6.25M) | ($5.35M) | ($2.61M) |
| Interest Expense | $798.8K | $4.30M | ($4.37M) | $2.18M | $1.52M | $576.1K |
| Income Tax | - | - | - | - | - | - |
| Net Income | ($3.09M) | ($5.40M) | ($12.10M) | ($8.37M) | ($6.82M) | ($3.14M) |
| EPS - Basic | ($0.16) | - | - | - | - | ($0.10) |
| EPS - Diluted | - | - | - | - | - | - |
Balance Sheet
| Line item | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $7.7K | $88.0K | $1.01M | $3.13M | $3.14M | $1.53M |
| Accounts Receivable | $12.4K | $63.8K | $280.3K | $357.5K | $1.07M | $53.1K |
| Inventory | $881.9K | $1.22M | $2.08M | $2.06M | $133.0K | $231.2K |
| Accounts Payable | $524.2K | $429.0K | $443.2K | $1.29M | $1.39M | $106.6K |
| Current Assets | $1.06M | $1.53M | $3.55M | $5.67M | $4.58M | $1.88M |
| Total Assets | $1.06M | $1.93M | $3.95M | $6.09M | $5.71M | $4.30M |
| Current Liabilities | $9.93M | $7.91M | $21.84M | $5.18M | $2.84M | $729.0K |
| Long-term Debt | - | - | - | - | - | - |
| Total Liabilities | $32.23M | $30.35M | $28.49M | $18.79M | $11.69M | $5.84M |
| Stockholders' Equity | ($31.17M) | ($28.42M) | ($24.54M) | ($12.70M) | ($5.97M) | ($1.54M) |
| Retained Earnings | ($42.21M) | ($39.52M) | ($34.23M) | ($22.13M) | ($13.75M) | ($6.94M) |
Cash Flow
| Line item | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | ($380.4K) | ($2.00M) | ($7.80M) | ($4.67M) | ($2.42M) | ($2.48M) |
| Investing Cash Flow | - | $0 | $12.4K | ($243.3K) | ($166.9K) | - |
| Financing Cash Flow | $300.0K | $1.07M | $5.66M | $4.90M | $4.20M | $3.82M |
| CapEx | - | - | - | - | $41.9K | - |
| Free Cash Flow | - | - | - | - | ($2.46M) | - |
Ratios
| Metric | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 46.1% | 28.0% | - | - | - | - |
| Operating margin | -1078.2% | -495.7% | - | - | - | - |
| EBITDA margin | -1078.2% | -495.2% | - | - | - | - |
| Net margin | -1373.5% | -618.1% | - | - | - | - |
| Free cash flow margin | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | 0.36 | - |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 946.3% | 523.7% | - | - | - | - |
| Effective tax rate | - | - | - | - | - | - |
| Return on assets | -291.2% | -280.0% | -306.4% | -137.4% | -119.3% | -72.9% |
| Return on equity | 9.9% | 19.0% | 49.3% | 65.9% | 114.1% | 203.8% |
| Return on invested capital | - | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | 0.11 | 0.19 | 0.16 | 1.10 | 1.61 | 2.58 |
| Quick ratio | 0.02 | 0.04 | 0.07 | 0.70 | 1.57 | 2.26 |
| Cash ratio | 0.00 | 0.01 | 0.05 | 0.61 | 1.11 | 2.10 |
| Leverage | ||||||
| Debt / Equity | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | -3.0x | -1.0x | 1.5x | -2.9x | -3.5x | -4.5x |
| Equity multiplier | -0.03 | -0.07 | -0.16 | -0.48 | -0.96 | -2.80 |
| Liabilities / Assets | 30.40 | 15.75 | 7.21 | 3.08 | 2.05 | 1.36 |
| Efficiency | ||||||
| Asset turnover | 0.21 | 0.45 | - | - | - | - |
| Inventory turnover | 0.14 | 0.52 | 0.83 | 2.58 | - | - |
| Days sales outstanding | 20d | 27d | - | - | - | - |
| Days inventory outstanding | 2659d | 708d | 441d | 141d | - | - |
| Days payable outstanding | 1581d | 249d | 94d | 89d | - | - |
| Cash conversion cycle | 1099d | 486d | - | - | - | - |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | -74.3% | - | - | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - |
| Gross profit growth (YoY) | -57.5% | -43.2% | 23.5% | 264.7% | 35.7% | 962.3% |
| Operating income growth (YoY) | 44.0% | 33.6% | -4.4% | -16.7% | -105.0% | - |
| Net income growth (YoY) | 42.8% | 55.4% | -44.5% | -22.9% | -117.3% | 0.6% |
| EPS growth (YoY) | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - |
| Book value growth (YoY) | -9.7% | -15.8% | -93.2% | -112.6% | -288.2% | 41.0% |
Stability scores
Altman Z′
FY 2021 · bankruptcy risk
-47.02
Distress
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2021 · 9-point quality
2/9
Weak
- ✗Net income positive
- ✗Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- -Long-term debt decreased
- ✗Current ratio improved
- -No share dilution
- ✓Gross margin improved
- ✗Asset turnover improved
Peer comparison
Same SIC group: Dairy Products
| Company | Revenue (last FY) | Net margin | ROE |
|---|---|---|---|
| LWAY | $212.50M | 6.5% | 16.1% |
Comparing Trident Brands Inc against the 1 most active filer in the same SIC group.