Assay

Financial-condition grades for SEC filers

Company Report · as of Oct 9, 2026

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MethodCoverageAbout
Marwynn Holdings, Inc.MWYN · shops
GradeNonecomputable_factors_below_threshold: 5 of 14 inputs computable; 7 are required
Reliability0.76 AUCfailure model, filers with under $12.5M assets; 95% interval 0.65 to 0.86; 63 events, 2020 to 2025
Peer failure rate0.60% a yearItem 1.03 bankruptcies, same asset band, 2012 to 2025
Size bandunder $12.5M assetstotal assets $3.0M[1]
Standard universeoutsiderevenue above $1M and assets above $10M[1-2]
Warningslate filer, thin datanot computable: short runway, distress, fortress balance sheet
Inputs computable5 of 14
Graded fromfilings received through Sep 22, 202617 days before the rescan; every figure keyed to the SEC receipt date
Last close$1.412026-10-07; market equity $28.5M; 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
$0.5$1$1.5NovDecJanFebMarAprMayJunJulAugSepOct$1.38
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
Aug 21, 2025nonen/aQ2
Aug 21, 2026nonen/aQ1

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 Jul 30, 2026; the document on sec.gov.

Inc., or “Marwynn,” was incorporated on February 27, 2024 in Nevada, as a holding company. We currently operate, or are developing operations, in three principal business areas: (i) electronic waste recycling (“E-waste Business”) through EcoLoopX Corporation (“EcoLoopX”); (ii) advanced artificial intelligence application development and related infrastructure solutions (“AI & Infrastructure Services”) through NexaCore Technologies, Inc. (“NexaCore”); and (iii) food and non-alcoholic beverage supply chain and brand management services through FuAn Enterprise, Inc. (“FuAn”). our business diversification strategy, we incorporated EcoLoopX on November 25, 2025.

Warnings [top]

Late filer. found 3 NT 10-K/Q filings in the last eight quarters
Thin data. 5 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 43.1
Gross profitability21.6%[1,3]42.6%78.42422026-04-30
Return on invested capitalnot computable10.9%
one or more required annual facts are missing
Accruals ratio(26.4%)[1,4-6](4.9%)7.72872026-04-30
Gross margin stability, five yearsnot computable1.2 pts
five annual gross margins are required; found 2
Solvency, sleeve percentile 43.3
Twelve-month failure probabilitynot computable0.04%
four consecutive discrete net-income quarters are required; found 4
Altman Z double-prime(4.19)[1,7-12]1.9283.62082026-04-30
Net debt to EBITDAnot computable1.84x
one or more required annual facts are missing
Interest coveragenot computable2.26x
one or more required annual facts are missing
Current ratio6.73x[7-8]1.37x3.12952026-04-30
Growth and financing, sleeve percentile 90.5
Revenue growth, three-year compoundnot computable1.5%
four annual observations are required; found 2
Free cash flow growth, three-year compoundnot computable5.6%
four consecutive annual FCF observations are required; found 1
Reinvestment ratenot computable7.3%
a prior annual working-capital observation is required
Asset growth, three yearsnot computable3.4%
four annual observations are required; found 2
Net share issuance, one year18.4%[13-14](0.6%)90.52112026-07-29

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 258 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 month11.1%(0.1%)62hotter than 62 of 100 peers
Distance from 52-week high(6.1%)(24.1%)91closer to its high than 91 of 100 peers
EBIT to enterprise valuenot computable5.3%required accounting or market input is missing
Free cash flow yield(19.0%)4.2%8pricier than 92 of 100 peers
Book value to price0.090.3622pricier than 78 of 100 peers
Sales to price0.151.751pricier than 99 of 100 peers
Composite equity issuance, five yearsnot computable(16.7%)a share count from five years earlier is required
Relative strength against the sector, log excess return0.130.0262ahead of 62 of 100 peers

Inputs: market equity $27.9M; EBIT -$3.3M; free cash flow -$5.3M; book equity $2.5M; sales $4.2M; cash $3,541[15].

Diagnostics [top]

Diagnostics do not feed the grade.

Piotroski F-score: None of 9, period end 2026-04-30
Return on assets above zero(26.2%)✗ fail[4,6]
Operating cash flow above zero-$1.5M✗ fail[5]
Return on assets improvedn/a[4,6,16]
Operating cash flow exceeds net income$2.4M✓ pass[4-5]
Long-term leverage felln/a[1,6]
Current ratio improved(1,030.8 pts)✗ fail[7-8,17-18]
No new shares issued18.4%✗ fail[13-14]
Gross margin improved(31.4 pts)✗ fail[2-3,19-20]
Asset turnover improvedn/a[2,6,20]
Cash, filings, liquidity
Cash and equivalents$3,541[21]
Operating cash flow, four quarters-$1.8M[5,21-25]
Months of runwaynot finite
cash must be at least $100,000
Late filings, two years3
NT 10-K or NT 10-Q
Days since last periodic filing25
10-Q received Sep 14, 2026
Median daily dollar volume$89,498
63 sessions
Days since newest grade input17

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$3.0M2026-04-302026-07-3010-Kfiling · viewer · series
2revenueus-gaap:Revenues$4.2M2026-04-302026-07-3010-Kfiling · viewer · series
3gross profitus-gaap:GrossProfit$650,4752026-04-302026-07-3010-Kfiling · viewer · series
4net incomeus-gaap:NetIncomeLoss-$3.9M2026-04-302026-07-3010-Kfiling · viewer · series
5operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities-$1.5M2026-04-302026-07-3010-Kfiling · viewer · series
6assetsus-gaap:Assets$14.9M2025-04-302026-07-3010-Kfiling · viewer · series
7current assetsus-gaap:AssetsCurrent$2.9M2026-04-302026-07-3010-Kfiling · viewer · series
8current liabilitiesus-gaap:LiabilitiesCurrent$427,9702026-04-302026-07-3010-Kfiling · viewer · series
9retained earningsus-gaap:RetainedEarningsAccumulatedDeficit-$7.9M2026-04-302026-07-3010-Kfiling · viewer · series
10operating incomeus-gaap:OperatingIncomeLoss-$3.3M2026-04-302026-07-3010-Kfiling · viewer · series
11book equityus-gaap:StockholdersEquity$2.6M2026-04-302026-07-3010-Kfiling · viewer · series
12liabilitiesus-gaap:Liabilities$427,9702026-04-302026-07-3010-Kfiling · viewer · series
13shares outstandingdei:EntityCommonStockSharesOutstanding20,194,8042026-07-292026-09-2210-K/Afiling · viewer · series
14shares outstandingdei:EntityCommonStockSharesOutstanding17,054,0042025-08-072025-08-0810-Kfiling · viewer · series
15shares outstandingdei:EntityCommonStockSharesOutstanding20,194,8042026-09-102026-09-1410-Qfiling · viewer · series
16net incomeus-gaap:NetIncomeLoss-$4.4M2025-04-302026-07-3010-Kfiling · viewer · series
17current assetsus-gaap:AssetsCurrent$4.1M2025-04-302026-07-3010-Kfiling · viewer · series
18current liabilitiesus-gaap:LiabilitiesCurrent$239,0312025-04-302026-07-3010-Kfiling · viewer · series
19gross profitus-gaap:GrossProfit$375,7552025-04-302026-07-3010-Kfiling · viewer · series
20revenueus-gaap:Revenues$804,3332025-04-302026-07-3010-Kfiling · viewer · series
21cashus-gaap:CashAndCashEquivalentsAtCarryingValue$3,5412026-07-312026-09-1410-Qfiling · viewer · series
22operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities-$327,6122026-07-312026-09-1410-Qfiling · viewer · series
23operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities-$1.1M2026-01-312026-03-1710-Qfiling · viewer · series
24operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities-$337,4102025-10-312025-12-2210-Qfiling · viewer · series
25operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities-$95,1492025-07-312026-09-1410-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