Assay

Financial-condition grades for SEC filers

Company Report · as of Oct 9, 2026

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MethodCoverageAbout
Elite Express Holding Inc.ETS · other
GradeNonecomputable_factors_below_threshold: 3 of 14 inputs computable; 7 are required
Reliability0.83 AUCfailure model, filers with $12.5M to $120M assets; 95% interval 0.79 to 0.86; 201 events, 2020 to 2025
Peer failure rate1.07% a yearItem 1.03 bankruptcies, same asset band, 2012 to 2025
Size band$12.5M to $120M assetstotal assets $13.7M[1]
Standard universeinsiderevenue above $1M and assets above $10M[1-2]
Warningsthin datanot computable: dilution, short runway, distress, fortress balance sheet
Inputs computable3 of 14
Graded fromfilings received through Feb 27, 2026224 days before the rescan; every figure keyed to the SEC receipt date
Last close$1.442026-10-07; market equity $70.2M; iex feed
Price used in gradeNone
Share price, twelve months to the rescansplit-adjusted close; a lollipop at every rescan carries the letter held then; baseline ticks are SEC receipt dates of the inputs; ranges and dragging scroll the full history
$1$2NovDecJanFebMarAprMayJunJulAugSepOct$1.48
ABCDE20132014201520162017201820192020202120222023202420252026

Percentile at every rescan on file, Jan 21, 2012 to Oct 9, 2026; stronger toward the top. Hover for the date.

Open this report as it stood on

Letter setLetterPercentileBand
Jan 21, 2012nonen/a
Mar 21, 2026nonen/aQ2

Each date opens the report as it stood on that rescan.

Business, in the company's words. Opening of Item 1 of the 10-K received Feb 27, 2026; the document on sec.gov.

—Our Customer” for further details. We need to add new customers to grow our business. If our only customer terminates or does not renew its business relationship with us, or renews its service contract on less favorable terms or for fewer services, and we do not acquire replacement customers or otherwise grow our customer base, our business and results of operations will be materially and adversely affected. Our business depends on our ability to provide consistently high-quality services. Our ability to attract and retain customers is dependent in part on our ability to provide high-quality services.

Warnings [top]

Thin data. 3 of 14 grade factors are computable; minimum is 7

7 checks ran; none of them enters the letter. The checks are listed on the warnings screen.

The Fourteen Inputs [top]

Lower percentile is stronger. Source numbers open the SEC filing; a range that spans filings opens the sources table.

InputPercentile, 0 to 100ValueSourcePeer medianPercentilePeersPeriod end
Profitability, sleeve percentile 95.5
Gross profitability0.1%[1,3]27.1%95.52892025-11-30
Return on invested capitalnot computable10.0%
one or more required annual facts are missing
Accruals rationot computable(5.9%)
a prior annual assets observation is required
Gross margin stability, five yearsnot computable2.2 pts
five annual gross margins are required; found 1
Solvency, sleeve percentile 1.0
Twelve-month failure probabilitynot computable0.04%
latest liabilities, cash plus short-term investments, book equity, and shares are required
Altman Z double-prime30.85[1,4-9]2.050.53862025-11-30
Net debt to EBITDAnot computable2.52x
one or more required annual facts are missing
Interest coveragenot computable2.18x
one or more required annual facts are missing
Current ratio24.13x[4-5]1.32x1.45062025-11-30
Growth and financing
Revenue growth, three-year compoundnot computable5.1%
four annual observations are required; found 1
Free cash flow growth, three-year compoundnot computable8.7%
four consecutive annual FCF observations are required; found 1
Reinvestment ratenot computable11.9%
a prior annual working-capital observation is required
Asset growth, three yearsnot computable4.1%
four annual observations are required; found 1
Net share issuance, one yearnot computable(0.4%)
two annual share counts are required; found 1

Gross profitability. Revenue less cost of goods sold, over total assets.

Accruals ratio. Net income less operating cash flow, over average assets; lower is stronger.

Gross margin stability, five years. Standard deviation of gross margin; lower is stronger.

Twelve-month failure probability. CHS model; lower is stronger.

Net debt to EBITDA. Lower is stronger.

Net share issuance, one year. Split-adjusted; lower is stronger.

Among 336 Peers [top]

What the Price Implies [top]

Market measures at the 2026-10-07 close. None enters the grade. Percentile among graded peers with the same measure.

MeasureValuePeer medianPercentileReading
Twelve-month price change, skipping the latest month(2.8%)2.0%45hotter than 45 of 100 peers
Distance from 52-week high(43.1%)(26.8%)28closer to its high than 28 of 100 peers
EBIT to enterprise valuenot computable4.4%required accounting or market input is missing
Free cash flow yield(4.0%)4.1%17pricier than 83 of 100 peers
Book value to price0.260.3439pricier than 61 of 100 peers
Sales to price0.040.703pricier than 97 of 100 peers
Composite equity issuance, five yearsnot computable(8.8%)a share count from five years earlier is required
Relative strength against the sector, log excess return(0.18)(0.13)45ahead of 45 of 100 peers

Inputs: market equity $72.1M; EBIT -$2.5M; free cash flow -$2.9M; book equity $18.5M; sales $2.7M; cash $5.2M[10].

Diagnostics [top]

Diagnostics do not feed the grade.

Piotroski F-score: None of 9, period end 2025-11-30
Return on assets above zeron/a
Operating cash flow above zero-$2.8M✗ fail[11]
Return on assets improvedn/a[12]
Operating cash flow exceeds net income-$633,799✗ fail[11-12]
Long-term leverage felln/a[1]
Current ratio improvedn/a[4-5]
No new shares issuedn/a[13]
Gross margin improvedn/a[2-3]
Asset turnover improvedn/a[2]
Cash, filings, liquidity
Cash and equivalentsn/a
Operating cash flow, four quartersn/a[11,14-16]
Months of runwaynot finite
four discrete operating-cash-flow quarters are required; found 3
Late filings, two years0
NT 10-K or NT 10-Q
Days since last periodic filing87
10-Q received Jul 14, 2026
Median daily dollar volume$61,662
63 sessions
Days since newest grade input224

Downloads [top]

Sources [top]

Every citation on this page. Filing opens the SEC index page for that submission; viewer opens the SEC interactive data for the same filing; series opens the SEC XBRL API record for that tag and company.

#ConceptXBRL tagValuePeriod endReceivedFormLinks
1assetsus-gaap:Assets$13.7M2025-11-302026-02-2710-Kfiling · viewer · series
2revenueus-gaap:RevenueFromContractWithCustomerExcludingAssessedTax$2.7M2025-11-302026-02-2710-Kfiling · viewer · series
3gross profitus-gaap:GrossProfit$18,2112025-11-302026-02-2710-Kfiling · viewer · series
4current assetsus-gaap:AssetsCurrent$12.4M2025-11-302026-02-2710-Kfiling · viewer · series
5current liabilitiesus-gaap:LiabilitiesCurrent$513,1552025-11-302026-02-2710-Kfiling · viewer · series
6retained earningsus-gaap:RetainedEarningsAccumulatedDeficit-$2.5M2025-11-302026-02-2710-Kfiling · viewer · series
7operating incomeus-gaap:OperatingIncomeLoss-$2.5M2025-11-302026-02-2710-Kfiling · viewer · series
8book equityus-gaap:StockholdersEquity$13.2M2025-11-302026-02-2710-Kfiling · viewer · series
9liabilitiesus-gaap:Liabilities$513,1552025-11-302026-02-2710-Kfiling · viewer · series
10shares outstandingdei:EntityCommonStockSharesOutstanding48,716,6722026-07-142026-07-1410-Qfiling · viewer · series
11operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities-$2.8M2025-11-302026-02-2710-Kfiling · viewer · series
12net incomeus-gaap:NetIncomeLoss-$2.2M2025-11-302026-02-2710-Kfiling · viewer · series
13shares outstandingus-gaap:CommonStockSharesOutstanding16,716,6722025-11-302026-02-2710-Kfiling · viewer · series
14operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities-$4.3M2026-05-312026-07-1410-Qfiling · viewer · series
15operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities-$1.2M2026-02-282026-04-1310-Qfiling · viewer · series
16operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities-$640,2102025-08-312025-10-1410-Qfiling · viewer · series

Limitations [top]

Peer group. Sector assignment from four-digit SIC codes, hand-tuned and published. The grade under three alternative peer policies is tabled above.

Size. Within a sector the letter tracks size. Among graded filers in the smallest asset band, 72% grade E and 0% grade A; in the largest, 13% grade E and 21% grade A. Universe as of Oct 9, 2026.

Failure model. filings 2012-01-01 to 2019-12-31 fit, filings 2020-01-01 to 2025-12-31 test; status post hoc pending confirmation. pre-registered on 2026 filings once their 12-month outcome windows close; supported if the paired per-quintile gain over the pooled model has a lower bound above 0.05.

Input validity. Revenue or total assets at or below $100,000 sets the degenerate-inputs flag. An input whose denominator is at or below $100,000 is left not computable rather than ranked.

Returns. No input on this page has a post-2015 confidence interval on returns that excludes zero. The grade ranks reported financial condition and is not a return forecast.

Informational and educational only. Not investment advice. SEC and market data may contain errors.

If you have any comments about this page, the methodology and every line of code that produced it are in the public repository. However, due to the limited number of personnel, we are unable to provide a direct response.

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Source
GitHub · ezrakruger.cc
Photographs from Wikimedia Commons

bull: Raphael Schön from Vienna, Austria, CC BY 2.0; bear: U. S. Fish and Wildlife Service - Northeast Region, Public domain; elk: Oregon Department of Fish & Wildlife, Public domain; tortoise: NPS, Public domain; sloth: Charles J. Sharp, CC BY-SA 3.0; fox: Cp9asngf, CC BY-SA 4.0; sector-business_equipment: Sangitiana Fararano, CC BY-SA 2.0; sector-healthcare: User:Squidonius, myself, and User:Beliason (assumed)., CC BY-SA 4.0; sector-manufacturing: unknown, CC BY-SA 2.0; sector-shops: Wilfredor, CC BY-SA 4.0; sector-consumer_nondurables: Nielsoncaetanosalmeron, CC BY 4.0; sector-utilities: Lijovklm, CC BY-SA 4.0; sector-consumer_durables: Stilfehler, CC BY-SA 4.0; sector-chemicals: PEO ACWA, CC BY 2.0; sector-energy: Arne Hückelheim, CC BY-SA 3.0; sector-telecom: Wikideas1, CC0; sector-other: Downtowngal, CC BY-SA 4.0.

Updated Oct 9, 2026