Financial Gravity Companies, Inc. balance sheet FGCO

Annual Quarterly

As of Jun 30, 2022, Financial Gravity Companies, Inc. had total assets of $3.9 million and total liabilities of $2.1 million. Total assets were up 60.0% from a year earlier. Stockholders' equity was $1.8 million. It held $207,983 in cash and investments against $197,958 of total debt, net cash of $10,025. The current ratio, current assets divided by current liabilities, was 0.29.

USD in millions, except ratios and per-share amounts. The percent under a figure is the change from the year before.

Line	FY 2022 Jun 30, 2022	FY 2021 Sep 30, 2021	FY 2020 Sep 30, 2020	FY 2019 Sep 30, 2019	FY 2019 Sep 30, 2018	FY 2017 Sep 30, 2017	FY 2016 Sep 30, 2016	FY 2015 Sep 30, 2015	FY 2013 Sep 30, 2014	FY 2012 Sep 30, 2012	FY 2011 Sep 30, 2011
Assets
Cash	0 -52.6%	0 -36.6%	0 +1398.6%	0	0	0 +234.6%	0	—	—	0 -40.9%	0
Cash and investments	0 -52.6%	0 -36.6%	0 +1398.6%	0	0	0 +234.6%	0	—	—	0 -40.9%	0
Receivables	—	—	0 +622.8%	0	0	0 +39.3%	0	—	—	—	—
Total current assets	1 -47.6%	1 -23.2%	1 +1349.9%	0	0	1 +150.9%	0 -72.0%	1	0 -94.5%	0 -40.9%	0
Property and equipment, net	0 -49.9%	0 -52.9%	0 -40.9%	0	0	0 -9.6%	0 +2025.0%	0	—	—	—
Goodwill	3 +190.2%	3 -62.5%	8 +674.2%	1	1	1 +0.0%	1	—	—	—	—
Total assets	4 +60.0%	4 -55.8%	10 +454.4%	2	2	2 +13.2%	2 +29.0%	2	0 -94.5%	0 -40.9%	0
Liabilities and equity
Accounts payable	—	—	—	—	—	—	—	—	0	0 -100.0%	0
Total current liabilities	2 +9.5%	2 -5.3%	2 +153.5%	0	1	0 +15.9%	0 +186.0%	0	0 -30.8%	0 +35.8%	0
Total liabilities	2	2	—	—	—	—	—	0	0	—	—
Stockholders' equity	2 +1334.1%	2 -71.2%	7 +1575.7%	1	0	2 -3.7%	2 +15.2%	1	0 +100.0%	-0 -38.6%	-0
Debt
Debt due within a year	—	—	—	—	—	—	0	—	—	—	—
Long-term debt	—	—	1 +5.4%	0	1	0	—	—	—	—	—
Lease liabilities	0 -41.3%	0 -3.3%	—	—	—	—	—	—	—	—	—
Total debt	0 -74.5%	0 -68.9%	1 +5.4%	0	1	0 +200.9%	0	—	—	—	—
Net cash	0 +103.0%	-0 +96.5%	-0 +64.3%	0	-1	0 +314.6%	0	—	—	—	—
Ratios
Current ratio	0.29x	0.54x	0.66x	0.40x	0.12x	1.43x	0.66x	6.76x	0.00x	0.02x	0.04x
Debt to equity	0.11x	0.15x	0.10x	0.02x	1.52x	0.17x	0.05x	—	—	—	—
Return on equity	-23.94%	-344.99%	-10.59%	-50.53%	-139.71%	-58.78%	-123.82%	-63.08%	—	—	—
Return on assets	-11.22%	-170.67%	-8.04%	-35.61%	-35.09%	-41.06%	-101.66%	-57.99%	-397,191.95%	-2,180.57%	-1,266.26%
Book value per share	0.02	0.02	0.09	0.03	0.01	0.05	—	4.98	0.00	—	—

How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except ratios and per-share amounts. Cash and investments adds short-term and long-term marketable securities to cash. Debt due within a year is the borrowings that are not already in long-term debt. Total debt is those borrowings plus lease liabilities. Net cash is cash and investments minus total debt. Return on equity and return on assets divide the trailing twelve months of net income by the balance on that date. Debt to EBITDA uses the trailing twelve months of EBITDA. The first column is the latest balance sheet when it is newer than the latest fiscal year. More on our methodology.

Company profile

Industry: Finance Services (SIC 6199)
Listed as: FGCO (OTC)
Fiscal year ends: September 30
Incorporated in: NV
Headquarters: Lakeway, TX
SEC filer status: Non-accelerated filer, Smaller reporting company
SEC CIK: 1377167
Former names: PACIFIC OIL Co (until Oct 12, 2016); PRAIRIE WEST OIL & GAS, LTD. (until Sep 30, 2013); KAT Racing, Inc. (until Jan 28, 2013)

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Source: SEC EDGAR filings. This is company-reported data, not investment advice.