Altex Industries Cash Flow - Annual (OTCBB:ALTX)

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$0.08 $0 (0%) ALTX stock closing price Aug 14, 2018 (Closing)

For analyzing any company like Altex Industries from an investment perspective, its important to check the cash flow statement. While its important to look at the Altex Industries debt position, the cash flow statement becomes equally important because public companies use accrual accounting. For example, if a company sells a product which gets counted as Altex Industries revenue but does not convert to cash because it does not receive payment in the same quarter, it affects the cash position for that period. Altex Industries cash flow analysis is possible because this statement breaks down how balance sheet accounts and income statement items affect cash and cash equivalents. Altex Industries had cash and cash equivalents of $2.47M at the beginning of the year and $2.34M at year end for 2017. Altex Industries had an outflow of $-0.11M from operating activities, $-0.01M spend due to financing activities, and $- outflow due to investing activities for 2017.

View details of Altex Industries cash flows for latest & last 10 financial years
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Quarterly
Annual
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Fiscal year is Oct - Sep2017201620152014201320122011201020092008
Net Income Cash Flow
-0.12M-0.36M-0.34M-0.3M-0.27M-0.29M-0.34M-0.33M-0.31M-0.3M
Depreciation Depletion Amortization Cash-Flow----------
Net Increase (Decrease) in Assets Liabilities----------
Cash From (used in) Discontinued Operations----------
Other Adjustments Net----------
Net Cash from (used by) Operating Activities
-0.11M-0.11M-0.09M-0.05M-0.06M-0.18M-0.24M-0.3M-0.31M-0.22M
Increase (Decrease) in Prop Plant And Equipment--------0.29M--0.01M
Acquisition Disposition of Subsidiaires----------
Increase (Decrease) in Investments----------
Other Cash Inflow (Outflow) from Investment Activities-------0.5M---
Net Cash from (used by) Investment Activities
-------0.5M-0.29M--0.01M
Issuance (Purchase) of Equity Shares-0.01M-0.01M--0.02M-0.01M-0.04M--0.03M-0.01M-0.07M
Issuance (Repayment) of Debt Securities----------
Increase (Decrease) in Bank & Other Borrowings----------
Payment of Dividends & Other Cash Distributions----------
Other Cash from (used by) Financing Activities----------
Net Cash from (used by) Financing Activities
-0.01M-0.01M--0.02M-0.01M-0.04M--0.03M-0.01M-0.07M
Effect of Exchange Rate Changes on Cash----------
Net Change in Cash & Cash Equivalents
-0.12M-0.13M-0.09M-0.08M-0.06M--0.74M-0.63M-0.32M-0.3M
Cash & Equivalents at Beginning of Year2.47M2.6M2.69M2.78M2.85M2.58M3.32M3.96M4.29M4.59M
Cash & Equivalents at Year End2.34M2.47M2.6M2.69M2.78M2.85M2.58M3.32M3.96M4.29M
All figures in USD. M: Millions of USD, B: Billions of USD.
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While Altex Industries stock price history provides the price history of a stock, Altex Industries stock comparison chart shows the same in comparison to peers, and cash flow statements provide cash position of the company. Common terms used in the statement of cash flows are:

  • Altex Industries had a Net Change in Cash and Cash Equivalents of $-0.12M for the latest year 2017. If a firm is able to grow its cash, it is considered to be a positive signal and could lead to a jump in the Altex Industries stock price, albeit too much cash on hand can imply the company has no or limited avenues for growth in which to invest this cash.
  • The cash generated from the core business or operations was a negative at $-0.11M for Altex Industries in the latest 2017. For an internet company, this would include all those activities which are involved in eventually selling advertisement space on its website or any online service.
  • Cash Flow from investment activities: Altex Industries used $- cash due to investment activities. It includes the use of cash outside of normal day to day activities like buying fixed assets, plant and machinery etc.
  • Inflow of cash in the form of bank loans and shareholders equity, and outflow of cash because of dividend payments, share repurchase payments etc. come under financing activities. The cash generated from these activities was $-0.01M for Altex Industries.

Key Financial Ratios For Altex Industries Cash Flow