Assay

Financial-condition grades for SEC filers

Company Report · as of Oct 9, 2026


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Emerson Radio Corp.MSN · consumer durables
GradeTortoiseC/Don the C/D boundary of 460 graded peers; percentile 61.4, sampling error 2.3 points; lower is stronger
Rank281 of 460
ProfitabilityEpercentile 88.1
SolvencyApercentile 1.4
Growth and financingDpercentile 70.8
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 $18.6M[1]
Standard universeinsiderevenue above $1M and assets above $10M[1-2]
Warningsnone active · fortress balance sheetnot computable: distress
Inputs computable8 of 14
Graded fromfilings received through Jun 26, 2026105 days before the rescan; every figure keyed to the SEC receipt date
Last close$0.392026-10-08; market equity $8.2M; 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
$0.4$0.6NovDecJanFebMarAprMayJunJulAugSepOctCC/D$0.40
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
Jul 21, 2012nonen/aQ2
Jul 21, 2015C/D60.3Q2
Dec 21, 2015D64.6Q2
Jul 21, 2016C/D62.3Q2
Mar 21, 2017D64.9Q2
Jun 21, 2017C/D62.7Q2
Jul 21, 2017D/E78.5Q2
Feb 21, 2018D76.2Q2
Jul 21, 2019D/E80.9Q2
Nov 21, 2019E83.0Q2
Feb 21, 2020D/E81.3Q2
Apr 21, 2020E84.2Q2
Jul 21, 2020D74.0Q2
Jul 21, 2021D/E77.8Q2
Apr 21, 2022E83.4Q2
Jul 21, 2022D71.9Q2
Jul 21, 2023C55.9Q2
Apr 21, 2024C/D59.8Q2
Jul 21, 2024C46.4Q2
Feb 21, 2025B/C41.9Q2
Apr 21, 2025B36.6Q2
Jul 21, 2025C52.9Q2
Jul 21, 2026C/D59.0Q2

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 Jun 26, 2026; the document on sec.gov.

Unless the context otherwise requires, the term “the Company” and “Emerson,” refers to Emerson Radio Corp. and its subsidiaries. Emerson Radio Corp. was incorporated in Delaware in 1994. The Company designs, sources, imports and markets a variety of houseware and consumer electronic products, and licenses its trademarks to others on a worldwide basis for a variety of products. The Company, directly and through its subsidiaries, designs, sources, imports, markets, sells and licenses to certain licensees a variety of houseware and consumer electronic products, both domestically and internationally, under the Emerson® brand name.

Warnings [top]

Fortress balance sheet. cash minus debt is 21,382,000 USD; Altman Z is not used[3-4]

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 88.1
Gross profitability0.5%[1-2,5]34.4%96.44762026-03-31
Return on invested capitalnot computable8.9%
latest aligned inputs end 2013-03-31; latest annual assets end 2026-03-31
Accruals ratio(2.8%)[1,6-8](5.1%)72.95252026-03-31
Gross margin stability, five years10.1 pts[2,5,9-16]1.7 pts95.14072026-03-31
Solvency, sleeve percentile 1.4
Twelve-month failure probabilitynot computable0.04%
four consecutive discrete net-income quarters are required; found 4
Altman Z double-prime10.88[1,17-22]2.112.04022026-03-31
Net debt to EBITDAnot computable2.11x
latest aligned inputs end 2013-03-31; latest annual assets end 2026-03-31
Interest coveragenot computable2.57x
interest expense must exceed $100,000
Current ratio14.16x[17-18]1.55x0.75412026-03-31
Growth and financing, sleeve percentile 70.8
Revenue growth, three-year compound(4.2%)[2,9,11,13]1.4%71.54822026-03-31
Free cash flow growth, three-year compoundnot computable8.3%
current FCF must be positive and base FCF must exceed $100,000
Reinvestment ratenot computable12.0%
NOPAT must exceed $100,000
Asset growth, three years(15.9%)[1,8,23-24]2.0%90.74872026-03-31
Net share issuance, one year0.0%[25-26](0.3%)50.03822026-06-26

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.

Sleeves are equal-weighted; within a sleeve each computable input carries equal weight. Composite 0.076; sampling error 2.3 percentile points on 460 peers.

Among 460 Peers [top]

ABCDECOST, Costco Wholesale Corp.; A, percentile 4.7; market equity $420.1B; warnings: fortress balance sheetCOSTAMZN, Amazon COM Inc.; A/B, percentile 20.2; market equity $2.7T; warnings: fortress balance sheetAMZNKO, Coca Cola Co.; B/C, percentile 39.0; market equity $377.6BKOTSLA, Tesla, Inc.; B/C, percentile 38.3; market equity $1.5T; warnings: fortress balance sheetTSLAPM, Philip Morris International Inc.; C, percentile 46.3; market equity $312.5BPMWMT, Walmart Inc.; C, percentile 52.9; market equity $877.2BWMTMSN 61.4strongerweaker

Composite score of every graded peer, smoothed. Vertical rules are the letter band edges at the 20th, 40th, 60th and 80th percentiles. Small dots are the six largest peers by market equity.

RankCompanyPercentileLetterWarnings
276Genuine Parts Co. (GPC)

Genuine Parts Co. (GPC)

C/Don the C/D boundary; percentile 60.7

NYSE · Wholesale-Motor Vehicle Supplies & New Parts

market equity $17.7B; last close $128.19

No active warnings; 8 of 14 inputs

60.7C/D
277Commercial Vehicle Group, Inc. (CVGI)

Commercial Vehicle Group, Inc. (CVGI)

C/Don the C/D boundary; percentile 61.0

Nasdaq · Motor Vehicle Parts & Accessories

market equity $117.0M; last close $2.88

No active warnings; 9 of 14 inputs

61.0C/D
278Wayfair Inc. (W)

Wayfair Inc. (W)

C/Don the C/D boundary; percentile 61.1

NYSE · Retail-Catalog & Mail-Order Houses

last close $105.14

No active warnings; 9 of 14 inputs

61.1C/D
279Mccormick & Co. Inc. (MKC)

Mccormick & Co. Inc. (MKC)

C/Don the C/D boundary; percentile 61.4

NYSE · Miscellaneous Food Preparations & Kindred Products

last close $45.95

No active warnings; 12 of 14 inputs

61.4C/D
280Mccormick & Co. Inc. (MKC-V)

Mccormick & Co. Inc. (MKC-V)

C/Don the C/D boundary; percentile 61.4

NYSE · Miscellaneous Food Preparations & Kindred Products

last close $46.30

No active warnings; 12 of 14 inputs

61.4C/D
281Emerson Radio Corp. (MSN)

Emerson Radio Corp. (MSN)

C/Don the C/D boundary; percentile 61.4

NYSE · Household Audio & Video Equipment

market equity $8.4M; last close $0.39

Warnings: fortress balance sheet; 8 of 14 inputs

61.4C/Dfortress balance sheet
282Kohls Corp. (KSS)

Kohls Corp. (KSS)

C/Don the C/D boundary; percentile 61.5

NYSE · Retail-Department Stores

market equity $2.3B; last close $20.11

No active warnings; 7 of 14 inputs

61.5C/D
283Thor Industries Inc. (THO)

Thor Industries Inc. (THO)

C/Don the C/D boundary; percentile 61.7

NYSE · Motor Homes

market equity $3.4B; last close $66.06

No active warnings; 7 of 14 inputs

61.7C/D
284MGP Ingredients Inc. (MGPI)

MGP Ingredients Inc. (MGPI)

C/Don the C/D boundary; percentile 61.9

Nasdaq · Wholesale-Beer, Wine & Distilled Alcoholic Beverages

market equity $294.3M; last close $13.76

No active warnings; 10 of 14 inputs

61.9C/D
285Marinemax Inc. (HZO)

Marinemax Inc. (HZO)

C/Don the C/D boundary; percentile 62.3

NYSE · Retail-Auto & Home Supply Stores

market equity $1.2B; last close $52.43

No active warnings; 13 of 14 inputs

62.3C/D
286V F Corp. (VFC)

V F Corp. (VFC)

C/Don the C/D boundary; percentile 62.6

NYSE · Men's & Boys' Furnishgs, Work Clothg, & Allied Garments

market equity $5.7B; last close $14.52

No active warnings; 9 of 14 inputs

62.6C/D
Peer policyLetterPercentilePeers
all graded filers, equal sleevesC/D60.22204
sector peers, equal sleeves (the grade)C/D61.4460
same exchange, equal sleevesD66.6984
sector peers, equal inputsD76.9460

Each letter is one fifth of the 460 graded peers, about 92 companies. A boundary letter (A/B, B/C, C/D, D/E) marks a percentile within one sampling error of a band edge.

What the Price Implies [top]

Market measures at the 2026-10-08 close. None enters the grade. Percentile among graded peers with the same measure.

MeasureValuePeer medianPercentileReading
Twelve-month price change, skipping the latest month8.7%(0.2%)61hotter than 61 of 100 peers
Distance from 52-week high(47.7%)(25.6%)20closer to its high than 20 of 100 peers
EBIT to enterprise value(156.8%)5.0%3pricier than 97 of 100 peers
Free cash flow yield(44.2%)4.6%6pricier than 94 of 100 peers
Book value to price1.980.4594pricier than 6 of 100 peers
Sales to price0.751.4930pricier than 70 of 100 peers
Composite equity issuance, five years0.0%(16.0%)76more equity-funded than 76 of 100 peers
Relative strength against the sector, log excess return0.11(0.01)64ahead of 64 of 100 peers

Inputs: market equity $8.4M; EBIT -$4.9M; free cash flow -$3.7M; book equity $16.6M; sales $6.3M; debt $0; cash $5.3M[27].

Diagnostics [top]

Diagnostics do not feed the grade.

Piotroski F-score: None of 9, period end 2026-03-31
Return on assets above zero(18.3%)✗ fail[6,8]
Operating cash flow above zero-$3.7M✗ fail[7]
Return on assets improved(2.0 pts)✗ fail[6,8,23,28]
Operating cash flow exceeds net income$580,000✓ pass[6-7]
Long-term leverage felln/a[1,8,23]
Current ratio improved83.2 pts✓ pass[17-18,29-30]
No new shares issued0.0%✓ pass[25-26]
Gross margin improved(6.9 pts)✗ fail[2,5,9-10]
Asset turnover improved(10.3 pts)✗ fail[2,8-9,23]
Cash, filings, liquidity
Cash and equivalents$5.3M[31]
Operating cash flow, four quarters-$4.1M[7,31-35]
Months of runway15.7
Late filings, two years0
NT 10-K or NT 10-Q
Days since last periodic filing56
10-Q received Aug 14, 2026
Median daily dollar volume$73,023
63 sessions
Days since newest grade input105

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$18.6M2026-03-312026-06-2610-Kfiling · viewer · series
2revenueus-gaap:RevenueFromContractWithCustomerExcludingAssessedTax$6.3M2026-03-312026-06-2610-Kfiling · viewer · series
3cashus-gaap:CashAndCashEquivalentsAtCarryingValue$21.4M2013-03-312015-07-1410-Kfiling · viewer · series
4total debtus-gaap:LongTermDebtAndCapitalLeaseObligations$30,0002013-03-312013-07-1610-Kfiling · viewer · series
5cost of revenueus-gaap:CostOfGoodsAndServicesSold$6.2M2026-03-312026-06-2610-Kfiling · viewer · series
6net incomeus-gaap:NetIncomeLoss-$4.3M2026-03-312026-06-2610-Kfiling · viewer · series
7operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities-$3.7M2026-03-312026-06-2610-Kfiling · viewer · series
8assetsus-gaap:Assets$23.5M2025-03-312026-06-2610-Kfiling · viewer · series
9revenueus-gaap:RevenueFromContractWithCustomerExcludingAssessedTax$10.8M2025-03-312026-06-2610-Kfiling · viewer · series
10cost of revenueus-gaap:CostOfGoodsAndServicesSold$9.9M2025-03-312026-06-2610-Kfiling · viewer · series
11revenueus-gaap:RevenueFromContractWithCustomerExcludingAssessedTax$9.1M2024-03-312025-06-2710-Kfiling · viewer · series
12cost of revenueus-gaap:CostOfGoodsAndServicesSold$7.5M2024-03-312025-06-2710-Kfiling · viewer · series
13revenueus-gaap:RevenueFromContractWithCustomerExcludingAssessedTax$7.2M2023-03-312024-06-2710-Kfiling · viewer · series
14cost of revenueus-gaap:CostOfGoodsAndServicesSold$5.1M2023-03-312024-06-2710-Kfiling · viewer · series
15revenueus-gaap:RevenueFromContractWithCustomerExcludingAssessedTax$8.2M2022-03-312023-06-2610-Kfiling · viewer · series
16cost of revenueus-gaap:CostOfGoodsAndServicesSold$6.2M2022-03-312023-06-2610-Kfiling · viewer · series
17current assetsus-gaap:AssetsCurrent$18.1M2026-03-312026-06-2610-Kfiling · viewer · series
18current liabilitiesus-gaap:LiabilitiesCurrent$1.3M2026-03-312026-06-2610-Kfiling · viewer · series
19retained earningsus-gaap:RetainedEarningsAccumulatedDeficit-$33.2M2026-03-312026-06-2610-Kfiling · viewer · series
20operating incomeus-gaap:OperatingIncomeLoss-$4.9M2026-03-312026-06-2610-Kfiling · viewer · series
21book equityus-gaap:StockholdersEquity$17.2M2026-03-312026-06-2610-Kfiling · viewer · series
22liabilitiesus-gaap:Liabilities$1.4M2026-03-312026-06-2610-Kfiling · viewer · series
23assetsus-gaap:Assets$29.1M2024-03-312025-06-2710-Kfiling · viewer · series
24assetsus-gaap:Assets$31.4M2023-03-312024-06-2710-Kfiling · viewer · series
25shares outstandingdei:EntityCommonStockSharesOutstanding21,042,6522026-06-262026-06-2610-Kfiling · viewer · series
26shares outstandingdei:EntityCommonStockSharesOutstanding21,042,6522025-06-272025-06-2710-Kfiling · viewer · series
27shares outstandingdei:EntityCommonStockSharesOutstanding21,042,6522026-08-142026-08-1410-Qfiling · viewer · series
28net incomeus-gaap:NetIncomeLoss-$4.7M2025-03-312026-06-2610-Kfiling · viewer · series
29current assetsus-gaap:AssetsCurrent$22.8M2025-03-312026-06-2610-Kfiling · viewer · series
30current liabilitiesus-gaap:LiabilitiesCurrent$1.7M2025-03-312026-06-2610-Kfiling · viewer · series
31cashus-gaap:CashAndCashEquivalentsAtCarryingValue$5.3M2026-06-302026-08-1410-Qfiling · viewer · series
32operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities-$854,0002026-06-302026-08-1410-Qfiling · viewer · series
33operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities-$2.8M2025-12-312026-02-1710-Qfiling · viewer · series
34operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities-$2.6M2025-09-302025-11-1410-Qfiling · viewer · series
35operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities-$514,0002025-06-302026-08-1410-Qfiling · viewer · series

Limitations [top]

Grade boundary. Percentile 61.4 is 1.4 points from the nearest band edge; sampling error is 2.3 points.

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.