New Frontier Net income (Q3, 2019)-7.6 M
New Frontier EBIT (Q3, 2019)-9.2 M
New Frontier Cash, 30-Sept-20191.2 M

New Frontier Funding

Summary Metrics

Founding Date

2018

New Frontier Income Statement

Annual

USDFY, 2018

General and administrative expense

778.4k

Operating expense total

778.4k

EBIT

(778.4k)

Interest income

3.0m

Net Income

2.2m

Quarterly

USDQ3, 2018Q1, 2019Q2, 2019Q3, 2019

Revenue

General and administrative expense

180.8k343.3k50.7k9.2m

Operating expense total

180.8k343.3k50.7k9.2m

EBIT

(180.8k)(343.3k)(50.6k)(9.2m)

Interest income

1.7m1.7m1.6m

Net Income

1.3m1.4m1.7m(7.6m)

New Frontier Balance Sheet

Annual

USDFY, 2018

Cash

2.4m

Prepaid Expenses

59.7k

Current Assets

2.4m

Total Assets

292.9m

Accounts Payable

315.5k

Current Liabilities

472.1k

Total Liabilities

7.4m

Additional Paid-in Capital

2.8m

Retained Earnings

2.2m

Total Equity

5.0m

Financial Leverage

58.6 x

Quarterly

USDQ3, 2018Q1, 2019Q2, 2019Q3, 2019

Cash

2.7m2.0m1.7m1.2m

Prepaid Expenses

112.3k54.8k3.5k60.2k

Current Assets

2.8m2.0m1.7m1.3m

Total Assets

291.8m294.2m295.6m296.8m

Accounts Payable

115.3k353.3k105.1k155.9k

Current Liabilities

306.8k437.7k197.4k9.0m

Total Liabilities

7.2m7.4m7.1m15.9m

Additional Paid-in Capital

3.8m1.4m7.6m

Retained Earnings

1.2m3.6m5.0m(2.6m)

Total Equity

5.0m5.0m5.0m5.0m

Financial Leverage

58.4 x58.8 x59.1 x59.4 x

New Frontier Cash Flow

Annual

USDFY, 2018

Net Income

2.2m

Accounts Payable

240.5k

Cash From Operating Activities

(440.9k)

Cash From Investing Activities

(287.5m)

Short-term Borrowings

(100.0k)

Cash From Financing Activities

290.3m

Net Change in Cash

2.4m

Quarterly

USDQ3, 2018Q1, 2019Q2, 2019Q3, 2019

Net Income

1.2m1.4m3.0m(4.6m)

Accounts Payable

30.8k37.8k(210.4k)(159.6k)

Cash From Operating Activities

(223.5k)(372.7k)(612.3k)(1.1m)

Cash From Investing Activities

(287.5m)

Short-term Borrowings

(100.0k)

Cash From Financing Activities

290.5m

Net Change in Cash

2.7m(372.7k)(612.3k)(1.1m)

New Frontier Ratios

USDY, 2019

Financial Leverage

59.4 x